Top 5 Misconceptions and Crucial Insurance Outsourcing Facts: 2022

August 3, 2022 Guest Author

Top 5 Misconceptions & Crucial Insurance Outsourcing Facts: 2022

Almost 54% of all companies use third-party support teams to connect with customers. An excellent outsourcing transition leads to long-term benefits. Globally, businesses spent $75.2 billion on outsourcing security last year. To be precise, Insurance outsourcing is an efficient way to simplify your P&C insurance operations; policy management, claims processing, and other operational support that demand a lot of time of an organization. Insurance outsourcing allows insurance companies to adapt to the virtual environment. Now more and more companies are doing business online. As a result, the insurance Business Process…

Auto Club Insurance files for $202 million California car insurance rate increase

August 3, 2022August 2, 2022 G. Turner

Commissioner Ricardo Lara’s office has received the request to let the company hike premiums. Auto Club Insurance has filed for an overall California car insurance rate hike of 6.9 percent. This will impact 1.44 million policyholders and the total of 2.68 million vehicles they have insured through that provider. The rate increase will mean an average annual hike in premiums of $75 per vehicle ($140 per policy). There have already been several insurers that have filed in California to be able to increase their car insurance rates for new and…