Satisfaction is difficult to guarantee, particularly when property/casualty insurers deal with claimants, but both Jonathon Young and Peter McMurtrie focus on doing just that for Harleysville Insurance and Grange Insurance, respectively.
Given the pressure to scale back and increase the bottom line, it is more crucial than ever for insurance carriers to maximize subrogation recoveries. Two key strategies will enable carriers to move out of the red ink and into profitability.
Inaccurately assessing bodily injury claim severity at first notice of loss (FNOL) creates various pitfalls that hinder resources and escalate costs. Get help with predictive modeling.
Claims Magazine is twittering every day about breaking news and timely topics -- not to mention keeping readers up to date on what's being posted on claimsmag.com.
There are many ways to deliver service that exceeds customers' expectations and favorably impacts the bottom line. Practicing empathy and looking for subrogation opportunities will help you add value each and every day.
Rate evasion costs personal lines auto carriers more than $16 billion each year. But insurers can still bolster profitability and identify risks by employing various detection tools and resources.
For start-ups like HomeWise Insurance, the state of the Florida insurance market was a golden opportunity to take over some policies from state-run Citizens Assumption and provide reliable wind coverage to Florida homeowners.