Casualty claims service need not be a gamble
Article Abstract:
Insurance brokers and agents should do as much as possible to help their corporate customers choose an appropriate claims service provider. Companies that shop for casualty insurance by price may not realize that 90% of what they will spend for the program will go to losses, and the overhead costs are trivial. Choosing a provider should involve interviews, research, office tours, and consultation with the customer. The customer should have a relationship with the provider that allows good communication between them.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1995
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Red flags can signal claims to investigate
Article Abstract:
Insurance risk managers should investigate claims that involve a large amount of money or are suspicious. Sometimes thorough investigations, and even using private investigators, can uncover fraudulent claims. Employers can help prevent fraudulent and wasteful workers' compensation claims by offering medical care and helping employees to return to work.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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Restoration is an option in settling claims
Article Abstract:
Restoration may be a viable option for settling water damage claims. Restoration technology, which is generally overlooked by insurers, can often restore items to 100% of their original state at a fraction of the replacement cost. Insurers should carefully select water restoration contractors based on committment, equipment and expertise.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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