Tulsa Police say they’ve busted a major auto-theft ring that was operating out of Bixby. Detectives say they can’t remember seeing an operation of this magnitude before.
Responding to Department of Insurance (DOI) inquiries, reconciling estimates, denying coverage and issuing settlements are just a few parts of the daily grind in an insurance claims department. <br />Especially during 2021, being caring, empathetic and demonstrating expertise with customers will increase their satisfaction as well as boost your brand’s reputation and your claims department’s ability to offer excellent customer service will be determined by how well you manage priorities.<br />But how do you manage priorities effectively as workloads seem to get larger, deadlines get shorter, and the pressure gets higher?
The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.
A doctor has been arrested on suspicion of helping to fabricate medical certificates in up to 30 fraudulent insurance claims. The man, who is aged in his 50s and runs a medical practice in north Dublin, was arrested as part of a Garda investigation into some 200 fake insurance claims which were lodged with the help of a solicitors’ firm.
Unlike flood risk receding after a storm, the secondary perils being ushered in by the pandemic could last for years to come. No doubt, as a seasoned risk professional, you hear the term ‘secondary peril’ and immediately think of natural catastrophes and any subsequent risk they could bring.
Motorhome travel is up by 143 percent, and this year’s season is only getting started.<br />California RV insurance is experiencing a boon as recreational vehicles begin another popular season due to the pandemic’s impact on travel.
The influence of climate change is becoming more visible in the increasingly frequent occurrences of so-called secondary peril events, according to Swiss Re’s Group Chief Economist, who also warns of the potential for peak perils to follow a similar trend of rising loss costs.
Some 25 years after the publication of Nicholas Negroponte’s seminal ‘Being Digital,’ it feels trite to write about how digital capabilities and the expectations they create among customers have transformed even traditionally sleepy industries like insurance.
Insurers have been working for years to digitize their claims processes. The goals and benefits are critical and measurable: improve the customer experience, expedite claims settlements, and dramatically simplify the claims process, reducing unnecessary touches for insurers.
It is an unfortunate truth that organizations are really only as secure as their least secure third-party vendor. This reality has been recently brought to the forefront.
April kicks off what is typically the most active and dangerous three months of the year for tornadoes in the United States. As 2021 has already proven, damaging tornadoes can strike in any month.
A putative class action securities lawsuit was filed Friday against auto insurtech company Root Inc. and its directors and officers after its stock price dropped dramatically following an analyst’s negative report.
