Loss Control

9/10/2024 - 6 min read

Hurricane Preparedness and Recovery for Homeowners and Insurers

Hurricane Preparedness and Recovery for Homeowners & Insurers.

5/18/2023 - 2 min read

Car theft is on the rise. Here’s what Verisk data told us about it.

How we analyzed a TikTok challenge that encouraged car theft.

4/11/2022 - 5 min read

Big data challenges to enterprise risk management

Big data is critical to managing enterprisewide risk, but storing, managing, and processing it all poses significant challenges.

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12/8/2020 - 3 min read

What do you know about the claimant? Simple ways to find third-party details

Adjusters can quickly find claimant details from policy information and verify the parties involved in an accident are who they say they are in Decision Net.

11/6/2020 - 1 min read

November 2020 preview: Historical catastrophe activity

The last ten Novembers saw a total of 17 PCS catastrophe designations, which consisted of ten wind and thunderstorm events, three wildland fires, three winter storms, and one earthquake.

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11/2/2020 - 4 min read

Why improving subrogation may be more valuable than adding a policyholder

Investing in subrogation operations can yield a better ROI than acquiring a new policyholder.

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10/23/2020 - 3 min read

Maximizing recovers boost customer satisfaction better subrogation

An effective subrogation operation is built on data and analysis.

10/12/2020 - 5 min read

Automation requires emotional intelligence to deal with large loss claims handling

Large loss claims can be streamlined by AI and automation, but needs the emotional intelligence brought to claims resolution by the handler and the insurer.

10/7/2020 - 2 min read

October 2020 preview: Historical catastrophe activity

In the last ten years, there’s been 32 PCS catastrophe events in October, including 20 wind and thunderstorm events, four hurricanes, five wildland fires, two tropical storms, and one winter storm.

9/10/2020 - 4 min read

The future of claims: Delivering at the moment of truth

The future of claims is about elevating the customer experience, and insurers that aggressively pursue digital enablement today will be primed to excel tomorrow.

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9/7/2020 - 1 min read

September 2020 preview: Historical catastrophe activity

The NOAA Climate Prediction Center has raised the likelihood of an above-normal 2020 hurricane season to an 85 percent chance.

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8/7/2020 - 2 min read

2020 August preview: Historical catastrophe activity

The 2020 Atlantic hurricane season is still expected to be a busy one, despite a brief lull in activity after a fast start in May and June. Although the hurricane season officially started on June 1, the formation of tropical cyclones is possible at any time, as shown by the formations of tropical storms Arthur and Bertha on May 16 and 27 respectively.

7/8/2020 - 1 min read

July 2020 preview: Historical catastrophe activity

Last year tied for the second most active July in PCS® history, with seven designated catastrophes, including five wind and thunderstorm events, an earthquake, and a hurricane.

6/9/2020 - 3 min read

Insurance fraud detection in action: Identifying suspicious medical billing during the COVID-19 crisis

Taking a closer look at medical billing helps identify pandemic-related issues that can put patients at risk and negatively impact insurers’ bottom lines.

6/8/2020 - 2 min read

June 2020 preview: Historical catastrophe activity

According to the forecast, there’s a 69 percent probability that at least one major hurricane (categories 3-5) could make landfall along the entire continental United States coastline.