Ensuring your insurance claim gets paid

insurance industry claims

Insurance claims can be tricky Insurance claims are generally straightforward, but they can become quite tricky to manage, especially when natural disasters strike. When a person falls ill and must receive medical care or when a property is damaged by a powerful storm, an insurance claim is generated. These claims are not approved by insurance companies outright and insurers typically investigate the claims they receive to ensure that they are not fraudulent. At times, even honest claims are rejected by companies because the claimant did not provide enough information or…

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April tornados cause more than $2.2 billion in damage, according to Alabama insurance officials

The Alabama Department of Insurance has released the latest numbers concerning insured losses from the tornado outbreak in April of last year. A series of devastating tornados hit the state in late April, causing large amounts of damage to homes, businesses, automobiles and claiming a number of lives. The latest estimates of damage do not account for the claims paid through surplus insurance lines from companies like Lloyd’s of London. The estimates only concern insurance payouts that come from insurers regulated by the state. According to the Department of Insurance,…

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