Insights that power innovation

11/4/2024 - 3 min read

Extreme driving on the rise: Confronting risk in the era of $11+ MVRs

A new Verisk study reveals an unsettling story, but new data and innovations help enable personal auto insurers to confront these challenges

10/29/2024 - 2 min read

Quarterly reconstruction cost growth slows as lumber declines

Total reconstruction costs, including materials and retail labor, continue to increase nationwide.

10/28/2024 - 31 min read

CMS Unveils New Webpage Resource for NGHP Section 111 CMPs

CMS introduces two new resources related to NGHP Section 111 civil money penalties (CMPs): the NGHP Civil Money Penalties webpage and the CMPs workflow.

Truck Driver Examining Semi Truck Trailer Brake Coil For Safety

10/28/2024 - 3 min read

Optimizing commercial auto expenses during a hard market

Average MVR fees surpassed $11. Rethink tracking driver risk cost-effectively—with
underwriting data that helps avoid adverse consequences.

10/24/2024 - 1 min read

Enhance Fire Risk Assessments with Verisk’s LOCATION PPS

Verisk’s LOCATION PPS offers insurers detailed fire protection insights, evaluating key factors to refine property risk assessments.

10/23/2024 - 3 min read

Challenges in Insurance Claim Fraud Management

Insurers can overcome challenges by adopting tech strategies that align with their fraud detection goals.

10/22/2024 - 7 min read

WCMSA submission remains voluntary, leveraging EBMSAs to settle claims

With CMS’s plans to collect WCMSA reporting data through Section 111 TPOC reporting, it may be a good time reconsider the EBMSA landscape.

Colleagues Conversing Around Conference Table

10/22/2024 - 17 min read

CMS addresses NGHP Section 111 penalties during its October 17 webinar

CMS conducted its second webinar on NGHP Section 111 CMPs, covering various topics related to CMPs for NGHP RREs.

10/16/2024 - 4 min read

Decimal Extension for Loss Costs and Rates are on the Horizon

The EDI & WCIO have discussed a change on how loss costs and rates are filed.

10/16/2024 - 4 min read

Verisk’s Data-Driven MSA: A Solution for Low-Dollar TPOC/WCMSA Reporting

Manage low-dollar workers’ compensation settlements ($25,000 or less) for Medicare beneficiaries under CMS’s updated process.

10/15/2024 - 2 min read

Navigating Challenges and Opportunities in Property Claims

Explore key insights from our survey on the top challenges and opportunities in property claims and restoration. Learn about industry trends, technology impacts, and strategies for overcoming current hurdles.