Most corporations have insurance to help manage litigation costs which means that claims professionals within a given carrier are an integral part of case budgeting.

A new book co-written by behavioral economist extraordinaire Daniel Kahneman points out a major problem that numerous industries, including insurance, only sort of know they have and is surely worse than they recognize.

Tornado activity in the region of the US known as Tornado Alley was at near-record low levels in April.

You might ask what Vice-President Kamala Harris was best known for prior to becoming the first female vice-president in U.S. history. One piece of notoriety was, as Attorney General of the State of California, she oversaw the prosecution of Wells Fargo & Company, the American multinational bank and financial services company for violation of §§ 632 and 632.7 of the California Penal Code.

The insurance industry has a knack of retaining talent. According to a new report by Vertafore, titled ‘The Insurance Industry Workforce: A New Generation of Opportunity,’ the majority of industry workers, regardless of age group (baby boomers, Gen X, millennials, or Gen Z), see insurance as a long-term career.

First-party coverage evaluations and investigations that are dependent upon the insured’s cooperation can become frustrating when the insured refuses to provide necessary documents and other information.

Almost without exception leaders are readers, and here at Insurance Nerds we are obsessive readers.

We’ve had a couple of articles on negotiation recently where we have discussed the importance of becoming a good negotiator, some basic strategies and some intermediate ones

Power outages have become more common in the United States during the last 10 years. The country’s power grid needs updating, but the progress is slow. According to one analysis, the United States has more power outages than any other developed country.

With national flags flying among banners and placards promoting conspiracy theories, the mob quickly overwhelmed police barriers and stormed the steps of the legislative building. Hundreds were arrested.

Oh, tattoos. That ancient process of injecting oneself with foreign pigments for the sake of symbolism, religion, or beauty.

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.
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.
But how do you manage priorities effectively as workloads seem to get larger, deadlines get shorter, and the pressure gets higher?

The classic ‘don’t buy the psych claim’ mentality isn’t entirely a thing of the past, but one could argue that it’s moot.

Who had ‘giant cargo ship’ on their bingo card for possible disasters at the start of 2021? What about ‘derecho in Iowa’ in 2020? ‘Global pandemic’ at the outset of 2020?

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Yesterday The Institutes Riskstream Collaborative unveiled the third iteration of its blockchain platform Canopy.