Aren’t life insurers facing class action litigation for giving beneficiaries access to checking accounts with policy proceeds? How is handing a policyholder a debit card on a P&C claim any different?
Farmers Insurance has been doing this for the past year and have a wonderful program set up with Enservio for contents replacement. We now use to issue building and ALE payments as well.
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Aren’t life insurers facing class action litigation for giving beneficiaries access to checking accounts with policy proceeds? How is handing a policyholder a debit card on a P&C claim any different?
Farmers Insurance has been doing this for the past year and have a wonderful program set up with Enservio for contents replacement. We now use to issue building and ALE payments as well.