claims management News

Legal Group Unveils Guidelines for First-Party Insurance Disaster Claims

A national legal group has developed new, streamlined protocols designed to promote a more efficient exchange of information in first-party insurance claims cases stemming from manmade and natural disasters. The Institute for the Advancement of the American Legal System (IAALS) …

Ascot, Beazley Launch $50M Cargo Claims Consortium for Small-Medium Firms

Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium using insurtech technologies to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range of cargo carriers that will provide a maximum …

Schedule It Successfully Completes SOC 2 Type 1 Audit

Compliance Demonstrates Schedule It’s Adherence to Higher Industry Security Standards for an Insurance Technology and Service Provider Elizabethtown, KY, December 12, 2018 – Schedule It, LLC, the leader in insurance property claims inspection scheduling, today announced that it has successfully …

Report: Amazon Could Tackle Claims Management Next

Amazon has become the go-to for online shopping, it’s foray into digital entertainment has been equally successful. Imagine if the online retailer were to offer insurance services. One company has – Altus Consulting, based in the UK – explored how …

Survey: Claims, Customer Service and Underwriting Main Focus of Insurer Data Analytics

Three frontrunners lead US property & casualty (P&C) insurers’ priorities for data and advanced analytics: customer experience; claims management; and telematics data for pricing, customer selection and product design. This finding, and the growing range of data sources that insurers …

LexisNexis: P/C Carriers Increase Use of Alternative Fee Arrangements

Nearly 80 percent of property/casualty insurance carrier legal and claim departments use alternative fee arrangements (AFAs), according to a recent LexisNexis CounselLink survey. This is an increase from 69 percent reported in August 2015. According to the report, the use …

Krawitz Joins York Risk Services Group as General Counsel

York Risk Services Group, a provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, announced that Michael Krawitz joined the company as senior vice president and general counsel. In this role, …

Influx of Data Creates Legacy System Conundrum

New data derived from technology innovation is just one of the many reasons insurers are considering the daunting task of implementing new claims systems. A number of recent industry reports indicate that insurance IT spending is expected to increase. Late …

Tips on Education for Adjusters Going into Management

As claims personnel move into management roles, it’s important for them to understand the organizational structure of their employer as well as understand and align with the company’s mission, according to Marty Frappolli, senior director of Knowledge Resources for The …

Claims Management Key to Restoring Workers’ Compensation Profitability

Selling workers’ compensation comes at a price. In 2013, underwriters generated a loss of one percent for every premium dollar written. As such, agents also face many financial constraints, making this line of insurance anything but a solid business venture. …