Verisk News

Claims Business: Insurity and Instec, Arturo, CCC, Verisk

Insurity Completes Acquisition of Instec Insurity has completed the acquisition of Instec, a company based in Naperville, Ill. that provides analytics software to more than 300 property and casualty insurers. Insurity, based in Hartford, Conn. said that acquisition enables it …

Claims Business: Charles Taylor, Friss and Matterport

Charles Taylor Acquires Syndicate Claim Services London-based Charles Taylor Adjusting, a provider of insurance services, claims solutions and technology platforms to the global insurance market, has acquired Syndicate Claim Services Inc., an independent adjusting and claims services business, based in …

Assault on U.S. Capitol a Spark, but No Catastrophic Property Losses Yet

Commercial property insurers who are already edgy after suffering historic losses from civil unrest got another jolt Wednesday when pro-Trump protestors smashed windows to gain entry into the U.S. Capitol. But there’s “a lot of mileage” between the Washington D.C. …

Hurricane Zeta Insured Losses May Surpass $4 Billion

Insured losses from Hurricane Zeta, which became fifth named storm to strike Louisiana when it made landfall on Oct. 28, ranged from $1.5 billion to $4.4 billion, according to projections released Monday by two catastrophe risk modelers. Verisk subsidiary AIR …

Delta Losses Bring Hurricane Damages to $26B for Year

Hurricane Delta caused from $700 million $1.2 billion in insured losses from wind damage and storm surge, and an additional $800 million to $1.5 billion in losses to offshore structures, CoreLogic said Tuesday. The damage is far less than estimated …

Claims Business: Davies, Verisk, Insurity and CIRMA

Davies Acquires TriPlus Davies, an International professional services and technology business based in London, as acquired Boston-based TriPlus Service Inc. TriPlus provides its long term care carrier clients with claims and policy administration management solutions as well as actuarial and …

Business News: Progressive, Doan Group, Verisk, Penn National and One Inc.

Progressive Adds ‘Road Test’ to Snapshot Progressive Group of Insurance Companies has released a new smart phone app that consumers can use to learn before they purchase a policy whether they can save money by purchasing usage-based insurance. “With Snapshot …

Insurers May Rethink Property Risk After Unprecedented Losses From Riots

The civil disturbance that started in Minneapolis after the killing by police of George Floyd spread to 20 other states — an unprecedented property insurance catastrophe that will likely impact policy renewals and could even persuade some insurers to exclude …

Friss: Fraud Investigations Rising Even as Claims Volumes Drop

Fraud inevitably rises after natural disasters and during economic downturns. The COVID-19 pandemic has brought both conditions to the entire globe at once. Fraud-prevention advocates have long been warning about the coming increase in fraudulent claims. Data from Friss, a …

Business News: Charles Taylor, Verisk and Starr Aviation

Charles Taylor Expands Marine Technical Services Insurance services company Charles Taylor has expanded its marine technical services offering by integrating Bowditch Marine, Pilot Marine and the marine surveyors of Charles Taylor Adjusting U.S. As of April 1, the adjusting team …