Claims

Did Fraudster Use COVID-19 Crisis to Scam Insurance Companies?
Risk Management Did Fraudster Use COVID-19 Crisis to Scam Insurance Companies?

In a striking exploitation of the COVID-19 pandemic, a convicted fraudster named Dominic Ayo Williams orchestrated an elaborate scheme to defraud insurance companies out of £60,000. Operating under the cover of the global crisis, the 37-year-old from Bromley filed multiple fake holiday cancellation

February 7, 2025
Merchants Insurance Group Adopts AI to Enhance Claims Efficiency
Risk Management Merchants Insurance Group Adopts AI to Enhance Claims Efficiency

In a significant move to modernize its operations, Merchants Insurance Group has partnered with CLARA Analytics to integrate artificial intelligence (AI) into its claims processes. This collaboration aims to streamline claims management, improve operational efficiency, and enhance customer service.

February 6, 2025
Can an Insurance Inquiry Affect Your Coverage Eligibility?
Insurance Can an Insurance Inquiry Affect Your Coverage Eligibility?

Insurance is often considered a safety net, a way of mitigating risks and protecting valuable assets like homes and vehicles. However, the intricacies of how the industry operates can sometimes lead to unexpected outcomes, as John Rosso of Prairieville discovered. Rosso’s unfortunate experience u

February 5, 2025
Will Homeowners See Coastal Insurance Rate Relief in North Carolina?
Insurance Will Homeowners See Coastal Insurance Rate Relief in North Carolina?

The coastal regions of North Carolina have been at the center of a heated debate over homeowner insurance rates. The North Carolina Rate Bureau (NCRB) initially proposed a nearly 99% increase in premiums for homeowners in the tri-county beach areas, sparking significant public outcry. This proposal

February 4, 2025
How Can Insurers Efficiently Manage Large-Scale Claims in Los Angeles?
Risk Management How Can Insurers Efficiently Manage Large-Scale Claims in Los Angeles?

The large-scale insurance claims in Los Angeles, characterized by complexity and diversity, require a methodical, informed approach grounded in precision and collaboration. The particular blend of urban development and susceptibility to natural disasters such as earthquakes and wildfires in Los

February 4, 2025
Captive Insurance: Navigating Market Instability and Vermont's Advantage
Risk Management Captive Insurance: Navigating Market Instability and Vermont's Advantage

The commercial insurance market has been experiencing significant instability, prompting businesses to seek alternative risk management solutions. One such solution gaining traction is captive insurance. This article delves into the current market conditions, the benefits of captive insurance, and

January 31, 2025
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