Tag: insurance claims

Insurers offer timely advice to help prevent winter home insurance claims

G. Turner
Winter home insurance claims - house in winter - snow

As the weather gets much colder, storms and below-freezing temperatures come with certain risks. To start the year off on a positive note, insurers are sharing tips and strategies with policyholders to help them to prevent having to make winter home insurance claims. Damage and liability from storms, high winds, and freezing temperatures are often avoidable. Insurance Information Institute data showed that last year, there were $2.1 billion in winter home insurance claims caused by storms from this time of the year. That said, if policyholders had all taken certain…

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Healthcare fraudsters continue to get caught despite coronavirus pandemic

Guest Author
healthcare fraud

Most things in life have been paused in one way or another by the coronavirus pandemic. Whether that’s sport, entertainment, construction or even something as simple as going to the shops, social distancing has slowed so many things down. Yet the justice system’s ability to prosecute those allegedly abusing the healthcare system for financial gain shows now signs of slowing.  A quick search for the term “healthcare fraud” on Google will bring up dozens of new news articles every week. When you look at the numbers involved, it’s clear to…

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Aging holocaust survivors file lawsuit over Nazi-era life insurance payouts

Marc
Holocaust Survivors - Image of Auschwitz

Surviving beneficiaries have faced a decades-long battle for payments for their murdered relatives. Holocaust survivors have been battling with life insurance companies for years – and sometimes decades – to receive life insurance payouts from policies for which they were beneficiaries. Family members of people murdered by Nazis are seeking payment from the coverage they had on the victims. Holocaust survivors are running out of time in their efforts to recover insurance policies that Nazi-era companies refused to honor. According to the Holocaust Survivors’ Foundation USA, the sum total of…

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Thousands of tornado insurance claims filed after Ohio devastation

Nordstrom
Tornado Insurance Claims - Disaster left after Tornado

Local insurers and agents have been assisting policyholders with damaged homes, vehicles and businesses. Policyholders in Ohio are encouraged to begin filing their tornado insurance claims following the storms last week. The twisters hit on Monday night and damaged homes, cars and businesses. Insurance companies are expecting thousands of claims and agents are bracing to assist them all. Insurers such as Allstate, State Farm, and Farmers have been fielding ceaseless client calls. “When the devastation is this much, it’s like nothing any of us in our area has really seen,”…

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Workers compensation technology is reducing claims frequency

G. Turner
Workers compensation technology - Computer - Business - Statistics

The use of tech within this insurance space is making positive changes to the market, says a new report. Workers compensation technology is proving exceptionally advantageous to the insurance market in terms of positive and sizeable changes, said an expert’s report. The tech is promoting reduced claims frequency, which is sending rates downward. The fewer the claims insurance companies receive, the less they must often charge for coverage. “We think it’s due to insurance companies doing better on the claims of their policyholders by using technology to drive down the…

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