Verisk News

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 …

Business News: Tristar, George Hills, RiskStream Collaborative, Verisk

Tristar Buys RMS Tristar Insurance Group, a privately owned third-party claims administrator based in Long Beach, Calif., has agreed to purchase Aspen Risk Management Group. Aspen, located in San Diego, provides remote ergonomics, online service platforms, and consulting services to …

Business News: Mitchell and Comp Alliance, Verisk, One Inc., Trov

Mitchell|Genex Acquires CompAlliance Mitchell|Genex has acquired CompAlliance, a national managed care service provider for the workers’ compensation industry. CompAlliance’s preferred provider organization, medical bill review, case management, utilization review and 24-hour nurse triage services will become a part of Mitchell|Genex. …

Business News: TrustLayer, Verisk and BuildFax, Arbitration Forums and GEICO

TrustLayer Teams with Building Partnerships TrustLayer, a San Francisco-based insurtech startup, announced that it has formed a partnership with Building Partnerships to distribute a technology that verifies certificates of insurance and other business documents. TrustLayer said the Builder Partnerships network …

M&A News: CRS/Klein & Co., Eberl/Carwood Claims, Verisk/Rulebook

CRS Temporary Housing Announces Merger with Klein & Company In partnership with GenNx360 Capital Partners, CRS Temporary Housing merged with Klein & Company on November 30, 2018. Founded in 1995 and based in Golden, Colo., Klein & Co. provides hotel …