Car insurance that is cherished often covers classic cars or cars not used daily. These policies can be very expensive and could leave you with no income for the vehicle that you use only on Sundays, and which you leave parked securely the rest of the day. Collectors and Sunday car owners will need to be […]

Even if you only pause for a second, many of us have thought about the age-old question: “If I get an old car, will it be more costly to insure?” This question is absurd. Actuaries, the mathematicians that determine your rate at a given moment, have many factors they can leverage to ensure every car insurance premium […]

The auto insurance industry has always been a stronghold for data collection and management. Due to the ever-increasing sophistication of in-vehicle electronics, and the widespread availability of wireless connectivity, the auto insurance industry faces a significant transformational challenge. The incorporation of digital technology in cars has allowed for the development and implementation of sophisticated electronic management […]

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 […]

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 […]