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Insurance Claims-Handling Best Practices: Ensuring Smooth Claims Processing for Your Clients

Word & Brown

For HealthCare.gov consumers, in 2021, less than two-tenths of one percent of in-network claim denials were appealed. For those that were, insurers upheld the denial in 59% of cases. If that happens, there are some claims handling best practices you should consider. They often include a timeline for appeal.

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5 FCA permissions for advising on commercial insurance.

Protect Commercial Insurance

This includes recommending a specific insurance policy to a customer. This covers a range of activities – for example, introducing a customer to an insurer or insurance broker, helping someone fill in an application form and sending a customer’s application to an insurer. Arranging investment deals.

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Top Building Insurance Pitfalls To Trigger F.O.M.O.

Property Insurance Centre

Accidental damage is not usually covered by a normal building insurance policy. Define the maximum amount that you are willing to spend additional in the case of a claim. – Failure to read particular policy documents. It is important not to rely only on the words that a broker tells you, try to read all the details.

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Understanding Consumer Education and Property Insurance

Property Insurance Centre

Equipping policyholders with knowledge and resources ultimately helps prevent claims disputes and improves overall customer satisfaction. One effective way insurers can contribute to consumer education is by including educational materials with insurance policies.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

Inflation and rising costs are major drivers of increased insurance expenses for property owners. To ensure adequate coverage, property owners should stay informed about the latest trends and collaborate closely with their insurance brokers to navigate the evolving property insurance landscape.

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Blog Post: MGAs: The Secret Sauce Behind an Insurance Policy's Success

LexisNexis

Learn about managing general agents (MGA) and their role in insurance distribution and operations. Managing General Agency (MGA) Agreement Use this template to contract with MGAs or Agencies in order to promote or operate an insurers line of business in a new or otherwise particularly challenging territory.