The vast majority of property owners remain uninsured for floods, despite its increasing frequency and severity. Closing the gap will require a better understanding of the exposure by all parties, including policyholders, agents and carriers.
Carriers outsourcing claims to a third-party administrator (TPA) capitalize on their underwriting expertise by leveraging the robust claims knowledge and capacity offered by a TPA.
While an end to the COVID-19 pandemic may be in sight, it won’t be back to business as usual. The transition will come with its own set of business opportunities as well as financial and operational risks.
Insureds facing a ransom should know ahead of time that they are covered. Here’s what they should be on the lookout for and the steps that will help mitigate the risk.
Labor shortages and material costs are greatly impacting the ability of claims managers to provide ancillary benefits to injured workers. Increased communication and supply chain management will be vital to manage this growing risk.
The right bill review solution is not only critical to control costs and deliver the best outcomes, but it calls for a combination of advanced technology as well as both clinical and legislative expertise.
Connected devices are upping the risk mitigation game. For insureds who partner with the right experts, that means a more proactive and faster response in the event of a potential claim.
Insurance carriers that partner with a firm that can offer OPM will have a better opportunity to control mitigation costs and deliver a faster loss recovery.
Over the years, the opportunity for adjusters to have more impact has changed, bringing with it a more strategic and dynamic approach to claims and promoting better outcomes across the board.
Great leadership demands diligence, foresight and courage, no matter the economic cycle. Risk & Insurance and four industry leaders discuss the traits and skills business and risk management leaders should bring to the table to help organizations succeed.
Payers and providers are looking to improve workers’ comp delivery of care. That starts by bringing transparency to claims and placing behavioral health first.
Our court systems are facing a backlog of civil cases due to COVID-19 social distancing requirements. Here’s how the courtrooms are adjusting to keep cases moving.
When traditional means of crop insurance weren’t cutting it for the American farmer, experts from NAU Country Insurance Company knew it was time for a deeper look at the coverages it could offer.