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cost of motor vehicle reports (MVRs) climb Despite Risk, Speeding Becoming Normalized AAA Study Finds
How a Texas Student Blew the Whistle on a Rogue AI Supply Chain Hacking Attempt
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Florida AG Charges 7 in $100M Workers’ Compensation Fraud Scheme
Abbott to Pay $670M to Settle Some Preterm Infant Formula Cases

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Insurers Overestimate Their Progress With AI: Study
Another M&A Deal: AXIS Acquiring DUAL NA XS Liability Biz
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Severity Gap Between Repairable BEVs and ICE Vehicles Reaches Record Low
AIG Starts Parametric Cloud Outage Solution
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Pritzker Signs Bills Giving Insurance Department Power to Overturn Rate Changes
Can Reinsurers Maintain Underwriting Discipline or Will ‘Irrational’ Competition Return?
Let’s Talk About Insurance Distribution Before ChatGPT Disrupts It
Will AI Be the End of Insurance Agents?
The $400,000 Chief of Staff Is the CEO’s Secret Weapon in the AI Age
One Battle After Another: What TPLF Victory in North Carolina Means

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Underwriting’s Next Job: Governance Steward
Why Multifamily Owners’ Safety Investments Aren’t Showing Up in Their Premiums
Design the Team Before You Design the Solution: Commercial Trucking Case Study
Are We Measuring the Value of Claims AI or Simply Measuring Its Activity?

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Brand Spotlight
Verisk

Verisk is a leading provider of advanced tools and analytics for the property/casualty insurance industry. Drawing on unique data assets and deep domain expertise in actuarial science, artificial intelligence, telematics, and insurance, Verisk helps carriers underwrite and price risks with greater precision and efficiency and manage claims more effectively across the spectrum of commercial and personal lines. For nearly 50 years, Verisk has been a leader in developing innovative solutions and working with multiple stakeholders in the property/casualty insurance marketplace, including insurers, reinsurers, third-party administrators, agents and brokers, insurance regulators, and risk managers. www.verisk.com/insurance

Inflation boosts reconstruction costs amid ongoing demand

Reconstruction prices are continuing to rise heading into April 2022. Overall inflation—up 8.5 percent in March year-over-year[1]—and rising fuel prices are driving prices higher as the cost of ...

5 Ways to Get More Value from Auto Insurance Underwriting Data

Insurers' quest for "big data" helps them segment and price risk more precisely, but competitive pressures and ever-expanding digital information sources call for a simultaneous pursuit of ...

Four things insurers need to know about 2021’s hailstorms

Hail's destructive reach marched east in 2021, battering states not typically associated with high hail risk and affecting more properties than in 2020. A new report, Understanding evolving hail ...

Three strategies for reliable commercial property valuations

Monthly updates for the cost of building materials and associated labor can help insurers estimate reconstruction costs more accurately. A way to better estimate a business's equipment, furniture, ...

Using a data ecosystem to capture impacts of Colorado’s Marshall Fire

As wildfires and other natural catastrophes grow in frequency and severity, so does the value of data ecosystems to help insurers gain a comprehensive view of property risk, from address-level ...

Small commercial insurers get a clearer picture of risk exposure with image analytics

Over the course of a year, small commercial insurers spend thousands of hours searching across websites and social media, collecting, and attempting to verify data to get a true picture of the ...

Revitalizing Personal Auto Book Health: A Cure for Hard Times

Personal auto insurance has turned the corner into a hard market as 2022 dawns, with pure premium now exceeding levels seen before the pandemic. This shift amplifies the market's already dynamic ...

Digitally unlock a household view of risk in auto and homeowners

Emerging trends in personal auto and homeowners insurance have industry leaders pursuing agile, efficient growth strategies and a great customer experience (CX) powered by digital quoting. ...

Transform auto quote experiences for what comes next

A tumultuous pandemic has pressure-tested the efficiency of commercial and personal auto insurance digitization strategies. With less opportunity for human-to-human interaction, e-commerce channels ...

6 Strategies to Drive Personal Auto Efficiencies for 2022

Entering 2022, we expect insurers will focus on belt-tightening and streamlining operations through creative solutions. Verisk recently held a webinar on improving personal auto insurance ...
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  • Florida AG Charges 7 in $100M Workers’ Compensation Fraud Scheme

  • Abbott to Pay $670M to Settle Some Preterm Infant Formula Cases

  • Georgia Man Charged in Burglary of NASCAR Driver Greg Biffle’s Home After Plane Crash

  • Severity Gap Between Repairable BEVs and ICE Vehicles Reaches Record Low

  • History of Head Injury Could Affect Your Ability to Use Self-Driving Vehicles

  • Rates, Digital Support Boost Small Business Insurance Customer Satisfaction: JD Power

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Features

  • One Battle After Another: What TPLF Victory in North Carolina Means

  • Viewpoint: Is it Time to Rethink the ‘Secondary-Peril’ Label and Reclassify Risk?

  • Underwriting’s Next Job: Governance Steward

  • The Top 3 Ways to Use AI Responsibly in Customer Communications

  • Will AI Be the End of Insurance Agents?

  • Who Gets Credit for Successful Renewal During Soft Re Market?

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  • Culture Tips: Transforming a 150-Year-Old Mutual
  • Exclude It, Harness It, Get Greedy: Insurers' AI Playbook
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