Subscribe and receive new posts by email from Northwood. You can withdraw your consent at any time.
As March 2021 progresses, it marks the one-year anniversary of the first lockdowns that came with the arrival of COVID-19 in the United States. The past 12 months have been exceptionally challenging for nearly everyone, and not just in the United States. This pandemic is a global one, impacting countries around the world in varying
Read more →
It’s well-known across the world of insurance that the industry as a whole is rather complex. This is especially true when it comes to insurance companies that administer workers’ compensation and automobile no-fault claims, as each type of claim can carry with it intricate details and, at times, catastrophic injuries for multiple claimants. Partnering with
Read more →
With the rapidly changing current events, it can be difficult to stay up to date on the various aspects of workers’ compensation insurance industry. Among other things, technology plays a role in the work comp industry. Technology is ever-changing, and with the intersection of the COVID-19 pandemic, that is truer today than ever before. Employees
Read more →
Achieving and maintaining profitability is generally a top priority for any for-profit business or organization. For insurance companies administering workers’ compensation and automobile no-fault benefits, profitability is but one of many priorities they must balance. As anyone in this industry can attest to, the cost of administering these claims can rise rather significantly. Improving profitability
Read more →
Artificial Intelligence, or AI, is a trending topic. Technology offers a wealth of opportunities for businesses and corporations to harness in order to improve efficiency internally and externally. However, relying too much on AI or technology can have a negative impact on businesses. This is true for insurance companies as well, who can benefit from
Read more →