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Insurance Claims-Handling Best Practices: Ensuring Smooth Claims Processing for Your Clients

Word & Brown

For HealthCare.gov consumers, in 2021, less than two-tenths of one percent of in-network claim denials were appealed. For those that were, insurers upheld the denial in 59% of cases. If that happens, there are some claims handling best practices you should consider.

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The Rising Cost of Litigation — Social Inflation and E&O Risk

American Agents Alliance

One of the most challenging and unpredictable issues facing the insurance industry lately is social inflation. This trend describes the phenomenon of unexpected rising insurance claim costs because of societal trends and views toward litigation. Educate policyholders about challenging hard market conditions.

Insiders

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What is Subrogation and How Does it Work?

Bankers Insurance

In this scenario, you file a claim using your collision coverage and receive a check from your insurer to cover the repair costs, minus your deductible. After this, your carrier has the right to seek compensation from the insurance carrier of the at-fault party. HOW LONG DOES SUBROGATION TAKE?

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Top Building Insurance Pitfalls To Trigger F.O.M.O.

Property Insurance Centre

Define the maximum amount that you are willing to spend additional in the case of a claim. It is important not to rely only on the words that a broker tells you, try to read all the details. If you have a low credit score, you may be considered a higher risk and could face higher insurance premiums as a result.

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How to Become a Medicare Insurance Agent

Redbird Agents

Aside from being a requirement, you will receive the fundamental training essential for you to understand how health insurance plans work, including original Medicare, Part C, Medicare supplement plans (also called medigap plans), and part d plans.