Auto claims frequency and severity dipped considerably during the economic downturn that began in 2008. As the economy recovers it carries a downside for road safety, according to Dorothy Kelly, director of Product Development for Verisk Insurance Solutions. A recovering …
One definitive method can show misrepresented commercial use well before a claim ever arises. Pulling the wool over the insurance company’s eyes seems like a victimless crime. After all, if a few dollars are saved by saying a car is …
Verisk Analytics estimates that personal lines automobile insurers face at least a $29 billion annual problem from premium leakage—omitted or misstated underwriting information that leads to inaccurate rates. According to the Verisk report, sources of personal auto premium leakage in …
Property/casualty insurance information company Verisk Insurance Solutions is teaming with a technology firm to provide insurance companies with the ability to collect automobile odometer readings for insurance rating and usage-based insurance (UBI) programs. The product, called OdometerConfirm, allows insurers to …
Verisk Insurance Solutions – Underwriting, a unit of Verisk Analytics, announced the availability of automated screening for fraud and premium leakage in new auto insurance policies. The technology will allow insurers to run Verisk’s RISK:check Point of Sale fraud model …