(This article was first published in Property Casualty 360.) Since the first cars were sold, there have been crashes. And while the insurance claims industry has made enormous advances over the years, the fundamental process of handling a claim has been largely the same for decades – at least during my time in this industry, […]
In July, 2013 the Insurance Research Council (IRC) published a compelling study entitled “Interstate Differences in Medical Utilization in Auto Injury Claims”. The study was based on a national sample of more than 20,000 BI liability claims and nearly 6,000 PIP claims closed with payment in 2012 from private passenger auto insurance companies that account […]
Chicago, IL and San Antonio, TX December 14, 2012 – CCC Intelligent Solutions announced today that it has signed a definitive agreement to acquire Injury Sciences LLC, the leader in providing insurance carriers with scientifically based analytic tools to help identify fraudulent and exaggerated injury claims associated with automobile accidents. CCC is the nation’s leading provider […]
Predictive analytics is a valuable tool and is being applied to a growing number of areas in auto insurance operations. In recent months, I have been asked questions about the benefit of applying predictive analytics to auto physical damage data and medical data to identify questionable injuries. To be sure, predictive analytics has shown benefits […]