Author: Live Insurance News

Crash Repairs: The Process of Claiming from your Insurance Company

Live Insurance News
auto insurance claims

In the unfortunate event of a car crash, the aftermath can be a stressful and overwhelming experience. Beyond the immediate concerns for safety and well-being, there’s the daunting task of dealing with car repairs and navigating the insurance claim process. Understanding the intricacies of crash repairs and the steps involved in claiming from your insurance company can help ease some of the burdens associated with this challenging situation. Ensuring Safety First: Before delving into the intricacies of the insurance claim process, it’s crucial to emphasize the importance of prioritizing safety.…

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Zurich Insurance company pricing strategy keeps it ahead of climate change impact

Live Insurance News
Insurance company - Climate Change - Business Strategy

The insurer’s price hikes helped it to bring in operating profits that were better than expected by mid-year. The Zurich Insurance company recently reported that it has achieved a half-year operating profit that was better than expected, bolstered by its life business and the price increases it implemented to mitigate increased claims from severe storms. Zurich is the fifth-largest insurer in Europe and posted a $3.72 business operating profit. Though there wasn’t much of a difference over last year’s first half, analysts were polled by the company and their average…

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Michigan’s 2019 Auto Reform Bill includes unconstitutional car insurance changes

Live Insurance News
Car insurance - Law - Gavel

The state’s Supreme Court has ruled against a component of the bill that brought changes to benefits. The Michigan Supreme Court has ruled that part of the car insurance changes from the 2019 Auto Reform Bill that has been making headlines for the last four years is actually unconstitutional. About 18,000 patients experienced reduced benefits as a result of the changes in the bill. The car insurance changes have been heavily discussed and debated over the last four years, particularly in terms of decreased reimbursements for catastrophic care, cutting into…

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New changes to Vermont workers’ compensation in effect

Live Insurance News
Workers compensation - changes - Vermont

Among them include coverage for dependent children, and special coverage for firefighters. New rules for workers compensation benefits in Vermont have become effective, including temporary total disability, as well as for dependent children, and for the work search requirement for injured people who are making their way back into the job market. The changes became effective at the start of the month as a result of new state legislation. The changes to Vermont workers compensation were a component of a bill that was primarily aimed at addressing childcare and early…

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How Claims Management Software Empowers Insurance Professionals

Live Insurance News
insurance claims software technology

In the fast-paced world of insurance, effective claims management is crucial for insurers to streamline processes, minimize risks, and provide exceptional customer service. As technology continues to advance, insurance professionals are turning to claims management software to gain a competitive edge.  This powerful tool empowers insurance professionals to take control of their operations, resulting in improved efficiency, accuracy, and customer satisfaction. A recent study conducted by Allied Market Research revealed that the worldwide market for claims processing software reached a value of $33.9 billion in 2020. The report further predicts…

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