X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Vendor payments. When service provider invoices are not paid in a timely manner, it can have a definite impact on a carrier’s delivery of customer service. (Photo: Shutterstock)

I’ve had many discussions with service providers that revolve around cash flow and the frustration with the inefficient turnaround by carriers to pay for their services. In times of claims volume surge, service providers, such as emergency services and water mitigation firms are expected to deploy their resources efficiently, whether or not there are outstanding payments due to them from prior losses and events.

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.