You are an actuary, or another insurance professional and need to file rate changes with the State Departments of Insurance. You are limited on time so it is important that the state approves your rate changes immediately. This scenario is something I’ve been involved in for over 15 years. When filing rate files, my goal is to […]

Insurers, regulators, law enforcement officers, and legislators have spent significant resources over the years to combat health care fraud. Based on annual estimates, however, it appears that the problem persists despite all the reported efforts. This could indicate that healthcare fraud is on the rise and cannot be stopped. Our health system is infested by health […]

Nearly everyone who has had to deal with fire damage to their property makes costly errors during and after settlement. But policyholders often make the same costly mistakes over and over again, without even realizing it. The winner, or should we say loser, is the policyholder who relies on their insurance adjuster to inspect, assess, and estimate […]

Insurance is like a fairytale. One small seed of truth has grown into a fairytale that is the size of 1000 sequoias. Reality is hidden from our view. You’ve probably noticed that all these giant, sequoia-like buildings belong to banks and insurance companies. How do they make all this money? What amount of money does the executive make? It all comes […]

This year marks the first anniversary of flash flooding at Boscastle, Cornwall. Some of the most severe flooding in Britain for many years was caused by the sudden rain. Flood was caused by remnants of a hurricane that crossed the Atlantic. It collected large amounts of water and then was pushed high above the village, dumping […]

While you were enjoying a sunny day, Fred Fuddle, a local figure from a nearby village, suddenly accelerated along the road drunkenly in his pickup and crashed into your vehicle. He was impossible to avoid. It is now time to settle your personal injury and property damage claims. Let’s start with photographs. This is the first thing that […]

Insurance adjusters face many outside pressures every day. All readers should be aware of the most important because they could be putting money in your bank. Your State Department Of Insurance is the first. Each state has a Department or Commissioner or Bureau of Insurance. This oversees the activities of all Insurance Claims adjusters and their superiors. Each […]

Common misconception is that Professional Indemnity Liability policies provide the same coverage as PI (Professional Indemnity) policies. They are not standard and should be tailored to your specific needs. Larger companies are often better equipped to understand their policy differences and exposures. They also know that not all policies are created equal. Often, it is the little […]

Insurers will often reject claims on policies that cover critical illness or life. This is because they have not disclosed important information. We want to help you understand some issues. However, we have kept the names of policyholders and other details secret to protect anonymity. Mrs A was suffering from a secondary infection after having her […]

You’ll have noticed a lot of commentary in the UK media over the problems with Payment Protection Insurance. We believe the problem isn’t so much what insurance does but how it’s sold. Payment Protection Insurance protects borrowers from being unable to pay their debts due to income loss, illness, or accident. Although the basic concept of insurance […]