Michigan has a complex history of automobile no-fault insurance. Generally, the unlimited medical benefits for claimants have both positive and challenging aspects and have been the topic of many discussions in the industry. As of this past spring, Michigan’s Legislature created a new law that fundamentally changes portions of no-fault coverage for claimants in the
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In today’s world, automation is a popular buzzword. Companies from small startups to massive, international brands deploy automation across the board and in a wide variety of industries and fields. While automating repetitive processes has benefits, it can have several pitfalls when it is over utilized within a company. This is especially true within the
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The insurance industry is full of complexities, especially when it comes to the administration of automobile no-fault and workers’ compensation claims. As a claimant, navigating through a claim can be incredibly challenging due to the fact that the average claimant is not immersed in the industry and has more than likely just experienced a somewhat traumatic event
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The administration of claims can be incredibly complex, particularly if the claimant involved suffered catastrophic injuries. Adjusters and examiners are often on the front lines of the claim, tasked with many duties including claimant indemnification. Whether a claim falls under workers’ compensation or automobile no-fault coverage, it’s important for an insurance company to also focus
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Within the field of claims administration, there are many avenues that insurance companies may choose to take to assist in holding down costs and in lessening the administrative burdens placed on adjusters and examiners. One such avenue that brings a multitude of benefits to an insurance company is to partner with a third-party administrator (TPA) on each claim, whether auto no-fault
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