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What challenges are MGAs and MGUs facing?
“The most important claim challenge facing MGAs and MGUs today is not any different, really, than that facing specialty liability carriers – and that’s the ever-increasing severity that exists,” Blasio said. “, when you think about social inflation, nuclear verdicts, the reptile theory, the outcomes that we’re seeing as cases are getting tried, especially on […]
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Amazon Keeps Growing, and So Does Its Cache of Data on You
From what you purchase online, to the way you remember tasks, to if you monitor your step, Amazon is seemingly all over the place.And it appears the corporate doesn’t need to halt its reach anytime soon. In recent weeks, Amazon has said it can spend billions of dollars in two gigantic acquisitions that, if approved, […]
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Roadside Assistance Cover in Automobile Insurance Policy
What’s a Roadside Assistance Cover in Automobile Insurance Policy? RSA, the total type of which is Roadside Assistance is a canopy that provides relief to the automotive owners in case of breakdown of their vehicle. The coverage can be availed on a mechanical failure of the vehicle at home or on the road. All of […]
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Xceedance opens latest corporate HQ in Massachusetts
“Our global headquarters reflects the numerous growth of Xceedance over the past several years and positions the corporate for continued expansion within the months to return,” said Manish Khetan, executive vice chairman and chief operating officer for North America at Xceedance. “Worcester is a vibrant city in the center of Massachusetts, and our centrally positioned […]
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Repeal of Massachusetts Immigrant Driver’s License Qualifies for November Ballot
Massachusetts voters will get the prospect to come to a decision whether the state should reject a latest law allowing immigrants within the country illegally to acquire state driver’s licenses. The secretary of the commonwealth’s office announced late Friday that it had certified the signatures needed to place repeal of the law on the November […]
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“Insurance firms may never touch a paper check again”
The founders of ePayPolicy experienced firsthand the operational pains of check collection and manual reconciliation in insurance. This led to the corporate’s first product, a secure online payment page that’s fully customizable to your insurer’s brand. As ePayPolicy’s customer base swelled to his 5,500+ insurers, additional features corresponding to industry-specific management system integrations, custom API […]
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Montana’s Resilient Fishing Economy Tested by Climate Change
Montana’s fishing economy has proven resilient amid the impacts of drought, but a latest study suggests that 35% of its cold water habitats could change into unsuitable for trout by 2080, costing the state an estimated $192 million in annual revenue. Scientists with the U.S. Geological Survey, Montana Fish, Wildlife and Parks and the University […]
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10 Things to Know Before You Buy Term Insurance Policy
Buying a Term Insurance Plan? Don’t Forget to Check Essential Things Each time we speak about insurance, the primary terms we hear are medical health insurance, motor insurance, and term insurance. So, what’s Term Insurance? A term life insurance policy is well-crafted financial coverage provided to a policyholder’s family for a particular period as mentioned within the […]
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Innovation rises to satisfy disability and long-term care risk | Insurance Blog
Because the COVID-19 pandemic continues, we’re learning to live with it and mitigate its risks. While older adults have suffered disproportionately from the health impacts of COVID, they’ve also suffered from the consequences of efforts to regulate its spread. Infection rates rose in recent months, and plenty of long-term care facilities again closed their doors to […]