Personal rate evasion and fraud causes higher insurance rates for all but vehicle location data helps to investigate. When discussing garaging issues, the focus of the conversation is usually around garaging fraud. But that is really a misnomer. It probably should be more broadly referred to as garaging issues or
Since joining DRN, I have reached out to the SIU community to learn how they use our SIU platform, Event Links, powered by DRN’s vehicle location data and analytics. And what I learned was eye opening. These highly skilled SIU investigators have that keen sense of the detective in them.
Vehicle location data offers new insights for uncovering commercial use of a personal vehicle. Insurance carriers know that commercial use of a personal vehicles happens. And, they know the numbers: Rating issues like commercial use cost the industry over $16 billion a year in loss premiums. Yet carriers tell me
How to use vehicle location data to pinpoint garaging fraud. So the address on insured’s policy is in one state but they actually live in another state that has higher rates. No big deal right? In fact, many would argue that garaging fraud is a “victimless crime.” But, carriers know
How just a few minutes and vehicle location data from DRN added up to $24,000 saved for one insurance company. We all have them, those moments when the light bulb just goes off in your head and you see possibilities where before there were none. That’s just what happened for
If policy holders are OK with committing Garaging Fraud, what else are they OK with? How useful is it to identify garaging fraud in personal auto? This question comes up often in my conversations with carriers. If you find garaging fraud, is it worth chasing the premium if it chases
Vehicle location data may be the missing link you need. Arson set fires were up 10% in 2014, according to the National Fire Protection Association (NFPA). In 2014, arsonists were responsible for $729 million in property damage including fires at factories, residential buildings and churches and in motor vehicles. Even
Why your new Best Practice should be using vehicle location data to reduce charge-offs. Insanity is doing the same thing over and over again and expecting the same results. Yet, that’s exactly what we are seeing with many auto lenders who turn to us for help. They employ the same
Vehicle location data gives insurance carriers a new, effective tool for locating stolen vehicles. While the number of auto thefts were down slightly in 2014, losses due to motor vehicle theft still came in at a hefty $4.5 billion. Just when you think you have outsmarted thieves, they come up
Insurance PI’s Say DRN’s Data Flat Out Helps Resolve Cases While SIU’s have shared the many ways they use DRN’s vehicle location data, they aren’t the only Insurance professionals who can’t imagine doing their job without our data. Private Investigators tell me that DRN’s location data has proven essential in
Personal rate evasion and fraud causes higher insurance rates for all but vehicle location data helps to investigate. When discussing garaging issues, the focus of the conversation is usually around garaging fraud. But that is really a misnomer. It probably should be more broadly referred to as garaging issues or
Since joining DRN, I have reached out to the SIU community to learn how they use our SIU platform, Event Links, powered by DRN’s vehicle location data and analytics. And what I learned was eye opening. These highly skilled SIU investigators have that keen sense of the detective in them.
Vehicle location data offers new insights for uncovering commercial use of a personal vehicle. Insurance carriers know that commercial use of a personal vehicles happens. And, they know the numbers: Rating issues like commercial use cost the industry over $16 billion a year in loss premiums. Yet carriers tell me
How to use vehicle location data to pinpoint garaging fraud. So the address on insured’s policy is in one state but they actually live in another state that has higher rates. No big deal right? In fact, many would argue that garaging fraud is a “victimless crime.” But, carriers know
How just a few minutes and vehicle location data from DRN added up to $24,000 saved for one insurance company. We all have them, those moments when the light bulb just goes off in your head and you see possibilities where before there were none. That’s just what happened for
If policy holders are OK with committing Garaging Fraud, what else are they OK with? How useful is it to identify garaging fraud in personal auto? This question comes up often in my conversations with carriers. If you find garaging fraud, is it worth chasing the premium if it chases
Vehicle location data may be the missing link you need. Arson set fires were up 10% in 2014, according to the National Fire Protection Association (NFPA). In 2014, arsonists were responsible for $729 million in property damage including fires at factories, residential buildings and churches and in motor vehicles. Even
Why your new Best Practice should be using vehicle location data to reduce charge-offs. Insanity is doing the same thing over and over again and expecting the same results. Yet, that’s exactly what we are seeing with many auto lenders who turn to us for help. They employ the same
Vehicle location data gives insurance carriers a new, effective tool for locating stolen vehicles. While the number of auto thefts were down slightly in 2014, losses due to motor vehicle theft still came in at a hefty $4.5 billion. Just when you think you have outsmarted thieves, they come up
Insurance PI’s Say DRN’s Data Flat Out Helps Resolve Cases While SIU’s have shared the many ways they use DRN’s vehicle location data, they aren’t the only Insurance professionals who can’t imagine doing their job without our data. Private Investigators tell me that DRN’s location data has proven essential in