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When it comes to insurance companies administering automobile no-fault and workers’ compensation insurance claims, there are many things that must be prioritized. Keeping clients top of mind is one top priority. Another key priority is to help hold down costs and be as efficient as possible while also ensuring that you take excellent care of
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Any insurance company administering workers’ compensation or automobile no-fault claims understands the many layers of complexities associated with each claim. Balancing the obligation to indemnify your claimants while also keeping retention rates and, ultimately, financial health top of mind can be a challenging thing to do. However, keeping an eye on retention rates is a
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Data, it seems, can be collected on nearly everything thanks to the widespread usage of technology. However, it can be all too easy to collect the wrong data or reports. The key for insurance companies is to make sure you are collecting useful information that can then be compiled into actionable reports. This reporting can
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There are advantages and disadvantages to nearly everything. The same is true of technology and data. While technology has advanced significantly over the years, bringing with it many benefits, it can also bring about frustration. Data is the same way; it can be helpful to collect and measure data, but it can also be detrimental
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About 18 months ago, the COVID-19 pandemic began to upend industries and daily lives across the globe. In addition to the difficulties that came with lockdowns and the virus itself, other challenges have presented themselves. The impact on the workers’ compensation insurance industry is, even now, not yet fully known. The past 18 months have
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