JERSEY CITY, N.J., November 3, 2015 — Verisk Insurance Solutions, a leading source of information about property/casualty insurance risk, announced the launch of GarageConfirm™, a new service to help insurers verify garaging addresses at point of sale and renewal. The service uses license plate recognition technology provided by Digital Recognition Network (DRN), previously available only to law enforcement and auto lenders. Verisk Insurance Solutions is a Verisk Analytics (Nasdaq:VRSK) business.
My first experience with adverse selection was soon after a friend moved into a new house. He received a call from a neighbor letting him know that Sears had mispriced their fertilizer from $20 a bag to $2 a bag. Every neighbor and friend got the call or passed the information along until Sears ran […]
Garaging Fraud Drives Out of State Losses I know from speaking with SIUs across the country that unless they are tipped to a garaging issue, they will typically not look for a garaging fraud in the normal course of their duties. The only exception is when there is an out of state claim. Then, they […]
Thursday, April 16th, 2015: 11:00 am – 12:00 pm EDT Wednesday, April 22nd, 2015: 11:00 am – 12:00 pm EDT 2:00 pm – 3:00 pm EDT Thursday, April 23rd, 2015: 11:00 am – 12:00 pm EDT