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Improving outcomes for claimants can also improve the bottom line for your insurance company. One way to improve on outcomes is to track and analyze a variety of data points within your company. Over time, this tracking and analysis can help lead to an improved outcome. One important thing to consider with tracking and analyzing
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Multiple industries have struggled to balance the ever-changing world of COVID-19 over the past two years, and insurance companies are no exception. As the two-year anniversary of the beginning of the global pandemic passes, it is important for insurance companies to look ahead. An eye toward company growth through improved claimant experiences can be key
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Navigating the auto no-fault insurance reform in Michigan has proven challenging for most, if not all, insurance companies. Northwood stands by as a trusted partner for insurance companies navigating these difficult changes. The reform of Michigan’s auto no-fault insurance went into effect on July 1, 2020, though the state’s legislature created the law in 2019.
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It has now been a full two years since the lockdowns due to COVID-19 began. The beginning of the pandemic brought panic and unknowns. Many businesses scrambled to quickly facilitate the ability for their employees to work remotely, as offices were shut down across the country. As we pass the two-year mark, many changes have
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Maintaining and even increasing profitability is a critical piece of the puzzle for insurance companies administering workers’ compensation and automobile no-fault insurance. Working with an industry-leading third-party administrator (TPA) can significantly improve profitability. Northwood is a TPA that partners with numerous insurance companies to improve profitability in a variety of ways. Working with Northwood provides
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