Claims

Triple-I Blog | US Consumers See Link Between Attorney Involvement in Claims and Higher Auto Insurance Costs: New IRC Report – Go Health Pro

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Triple-I Blog | US Consumers See Link Between Attorney Involvement in Claims and Higher Auto Insurance Costs: New IRC Report – Go Health Pro

According to a new survey conducted by the Insurance Research Council (IRC), most consumers believe attorney advertising increases the number of claims and lawsuits and the cost of auto insurance. The report, Public Opinions on Attorney Involvement in Claims, analyzes consumer opinions on attorney involvement in insurance claims and expands prior research. Overall, 60 percent … Read more

5 cyber insurance claims examples – Go Health Pro

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5 cyber insurance claims examples – Go Health Pro

Do you know what incidents can result in cyber insurance claims? In today’s digital landscape, cyber incidents are no longer a matter of “if” but “when.” Understanding real-world cyber insurance claims can help businesses better prepare for and prevent similar incidents. Let’s explore five common scenarios that have resulted in significant insurance claims, along with … Read more

New strategies for P&C claims litigation management | Insurance Blog – Go Health Pro

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New strategies for P&C claims litigation management | Insurance Blog – Go Health Pro

According to AM Best Financial reports, between 2018 and 2023, litigation management costs for the combined Property & Casualty industry increased by 19%, amounting to an increase of $4-5 billion, or for context, bringing total litigation expenses to ~$24B of LAE. In both personal and commercial lines, carriers have experienced the adverse effects of social … Read more

DigiCert Claims Solution To Secure IoT Devices Throughout Lifecycle – Go Health Pro

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DigiCert Claims Solution To Secure IoT Devices Throughout Lifecycle – Go Health Pro

With the projected growth of 55.7 billion connected devices by the year 2025 — spanning consumer electronics, healthcare equipment, industrial systems, and more — the threat landscape grows more diverse and complex each day. The scale of this interconnected ecosystem also amplifies compliance issues, as organisations struggle to adhere to stringent security standards and regulations … Read more

Driving claims insights for insurance carriers | Insurance Blog – Go Health Pro

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Driving claims insights for insurance carriers | Insurance Blog – Go Health Pro

Strategic claims segmentation diverges from the traditional ways of managing claims, promoting a more detailed, data-driven approach.  Traditional segmentation only considers the monetary value and data points such as the cause of loss and the exposure. Strategic segmentation considers the individual merits of each claim, ensuring more accurate and efficient adjudication, a major priority in … Read more

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