California’s drought-ridden feet aren’t out of the proverbial fire yet. This years’ powerful winter storms ended perpetual discourse about the state’s multiyear drought, but there are still 4.5 million homes at high or extreme risk of wildfire in California and …
Property/casualty insurance data supplier Verisk Insurance Solutions has formed a strategic alliance with Silicon Valley’s Driveway Software to jointly develop a smartphone telematics product for automakers, insurers and drivers. The product will combine the Driveway smartphone telematics platform for data …
Catastrophe activity in the U.S. led to $3.8 billion in insured losses in 29 states during the 2016 first quarter, with much of the damage hitting Texas. Those events were the worst in a decade in terms of frequency and …
Verisk Insurance Solutions said it is making its data for loss estimating of commercial properties available to managing general agents (MGA), managing general underwriters (MGU), and program administrators and others in excess and surplus lines. The data had been only …
Verisk Analytics Inc. announced the acquisition of Risk Intelligence Ireland, a leading provider of fraud detection, compliance, risk control, and process automation services to the Irish insurance industry. “Risk Intelligence Ireland has developed valuable tools to help insurers control costs …
Auto insurance companies now have a tool that lets them verify the garaging address of a vehicle, confirm the driver’s commuting mileage and obtain loss costs and premium differentials for the vehicle, all before binding the policy. GarageConfirm, a new …
Maroun Mourad, most recently with Zurich Insurance, has joined insurance information provider Verisk Insurance Solutions as senior vice president of Commercial Lines Domestic and Global, ISO Insurance Programs and Analytic Services. In his new role, Mourad will help the firm …
Verisk Insurance Solutions has introduced new rating tools and coverage options through its ISO business to help insurers address the quality and age of roof materials. The newly developed rating factors are designed to assist insurers in pricing policies based …
Property/casualty insurance information company Verisk Insurance Solutions is teaming with technology firm Vehcon to provide insurance companies with the ability to collect automobile odometer readings for insurance rating and usage-based insurance (UBI) programs. The product, called OdometerConfirm, allows insurers to …
Verisk Insurance Solutions has added Montana, Oklahoma and Wyoming to its FireLine wildfire risk management service. FireLine provides information to insurers to analyze wildfire risk at the individual address level. FireLine uses satellite data to assess the effects of the …
