Forecasts indicate that claims executives will likely hire plenty of adjusters this year. That hiring will require a considerable investment in formal and on-the-job training. The longer it takes, of course, the more it costs. Inexperienced adjusters — or even seasoned adjusters who don’t have experience with a new employer’s claim-handling policies — can miss [...]
liability
Claims adjusters need to make claimants whole. They also need to reach a closure rate of 100 percent and still find cases of comparative liability. The balancing act can be difficult. Watch this video to learn how the ISO Claims Outcome Advisor® platform can help adjusters use technology to handle claims consistently, apply their experience [...]
With the “Jackson Reforms” — the United Kingdom’s new litigation rules — now in place, solicitors need to find new ways to increase claim handling efficiency. The reforms’ effect on costs naturally requires a reduction in the time it takes to achieve settlement. PICAS® Plus, the claim settlement negotiation tool from ISO, automates much of [...]
Imagine a scenario where a driver runs a stop sign and hits Mary Smith’s midsize sedan. Mary’s insurer pays for her vehicle’s damages minus her deductible — which, hoping to save on insurance costs, Mary increased to $1,000 when she renewed her policy. Four months after the accident, Mary’s insurer still has not recovered her [...]
Mississippi’s state legislature voted to create the state’s new web-based motor vehicle insurance verification system. The system will allow the Mississippi Department of Public Safety, the Mississippi Commissioner of Insurance, and the Mississippi Department of Revenue to electronically verify a motor vehicle’s insurance status. The state approved the system when it passed Senate Bill 2631 [...]
Time is of the essence for solicitors now that the ‘Jackson Reforms‘ — the United Kingdom’s new litigation rules — are in effect. Efficiency is of paramount importance. In today’s environment, you need to achieve fair settlements faster, and PICAS Plus can help. The automated claim negotiation tool from ISO streamlines the settlement process, resulting [...]
