Insurance technology news from First Chicago Insurance Company, Germania and more. (Credit: ESB Professional/Shutterstock)
First Chicago Insurance Company selected Verisk to refine its commercial auto underwriting with robust vehicle data. The insurer is leveraging Verisk's new commercial lines VIN Decode solution to gain a more robust understanding of risk unique to commercial and specialized vehicles. With an individual vehicle identification number, the solution delivers information on more than 50 detailed vehicle attributes, such as year, make, model, weight, engine and transmission, seamlessly into First Chicago's underwriting workflow.
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