Sentences with phrase «insurers say the claims»

Not exact matches

He says insurers have trailers set up at evacuation camps to help their clients file claims as quickly as possible.

«We're trying to get them some money right now, get their claim started, and basically make things as easy as possible for them and make sure they're in a safe place,» says Rosa Nelson, a spokesperson for Intact Insurance, Canada's largest property and casualty insurer.

Heidi Shey, a senior analyst at Forrester who studies the cyber insurance space, says insurers are in an excited «land - grab» state, gobbling up as many customers as they can because insurers believe most businesses will not file a claim, or there could be a cyber event that doesn't get covered due to an exemption, such as human error, credit card fraud, or email fraud.

This week, UnitedHealth Group, the country's biggest health insurer, said it would review and, if necessary, adjust «facility claims for the most severe and costly ED visits for patients enrolled in the company's commercial and Medicare Advantage plans,» the trade publication Modern Healthcare reported today.

The company has responded with statements saying that it's not as dependent on drug price increases as critics have claimed; it has also pointed out that while attention has focused on changes in list prices for drugs, those prices don't reflect the actual cost for insurers, governments and other group purchasers, which typically receive discounts that aren't publicly disclosed.

But he says the industry could avoid a repeat of the bankruptcies and government bailouts of the past because insurers undergo regular reviews to ensure the firms are solvent and can pay customer claims.

Exemptions and payout caps can save an insurer from paying more than it can, Shey says, but a catastrophic event with hundreds of clients filing claims at the same time is worrisome.

That's because under the rules of the exchange, a patient can go up to three months without paying premiums and still not get their coverage formally dropped by an insurers — but the insurer isn't obligated to pay claims incurred during the second and third month if that person isn't paying their premiums for that time, Jackson said.

The insurer said its medical benefit ratio, the percent of premiums spent on claims, fell to 81.4 percent in its commercial business from 83.8 percent a year earlier.

A claim by the Opposition Leader Bill Shorten that private insurers held $ 6 billion in excess capital was misleading because most of the excess was held by non-profit funds, analysts said.

* ESURE: British insurer esure Group Plc on Thursday said claims related to a spell of extreme winter weather resulted in higher - than - expected costs in its home insurance business in the first - quarter.

The company, parent of Universal Property & Casualty, Florida's largest insurer, said in a news release that it has had about 50,000 claims related to...

May 04 — Lawsuits against property and casualty insurers with the largest market shares in Florida increased sharply in the first quarter of 2018 compared with the same period last year, and Hurricane Irma claims are to blame, insurers say.

«The charges GE is taking and the charges Genworth took in 2014 and 2016 illustrate the severity of the issues facing LTC insurers and the need for appropriate and timely premium rate increases or benefit modifications to ensure the adequacy of cash flows and reserves to pay future claims,» Groh said.

Analysts say QBE's $ 1 billion share buyback is in doubt after the global insurer downgraded its 2017 earnings due to a surge in claims from a catastrophic run of natural disasters.

In an update ahead of its interim results in August, the general insurer said that «significantly higher than expected claims activity» during the first five months of the year is expected to cause that division to report a first half combined operating ratio, a key measure of profitability, of around 110 per cent.

Youre more likely to get claims covered when you strictly follow your insurers requirements, says Erin Moaratty, chief special - projects officer at the nonprofit Patient Advocate Foundation in Newport News, Virginia.

But since most individuals aren't up to the task of analyzing the finances and claims - paying ability of insurance companies, a more practical way to home in on strong insurers is to look for those that get high financial strength ratings — say, A + or better — from firms like A.M. Best and Standard & Poor's.

Experts say there are hundreds of factors that go into how auto insurers set premiums, including state laws, claims history in the state, the individual company and the policyholder's characteristics, such as age, location and driving record.

Mortgage insurers covered more than $ 50 billion in claims since Fannie Mae and Freddie Mac entered conservatorship resulting in substantial savings to taxpayers,» said Sinks.

This is simply the process of calling your insurer and saying «I'd like to file a claim.»

Winslow says that although insurers argue that credit scores can help them predict someone's likelihood of filing a claim, the company may have ulterior motives.

«I have seen $ 40,000, $ 50,000 and $ 100,000 claims denied by the insurer because people did not complete their medical application accurately or completely,» says Korcok.

Intact Financial Corp., one of Canada's largest property and casualty insurers, says it has raised premiums by 15 to 20 per cent during the past few months as catastrophic losses and weather - related claims have risen.

Boyd says insurers started using credit - based insurance scoring in the early 1990s when FICO conducted studies with insurers that showed a statistical correlation between a person's credit and his or her likelihood of filing an insurance claim.

One expert says that, insurers decided there was a correlation between credit score and losses, and that people with higher scores filed fewer claims.

State Farm Insurance, one of the nation's largest home insurers, paid more than $ 109 million on about 3,800 dog bite claims nationwide last year, spokesman Eddie Martinez said Wednesday.

Having said that, it is important to note that some insurers have made a huge change in their claiming process since last year.

«The main problem is that it's secondary,» Perkins says, so travelers have to file a claim with their own insurer first, before the credit company picks up the remainder of the bill.

The Zurich - based firm, in an examination of the consequences of globalization of class actions on insurers, said, «We expect, however, that climate change - related liability will develop more quickly than asbestos - related claims and believe the frequency and sustainability of climate change - related litigation could become a significant issue within the next couple of years...»

David Greene of Edwin Coe said «It's a great win in a strong court but the solicitor's insurers, AIG, claim there is no money in the pot for the winning Claimants which means the judgment is just stage one in ensuring proper compensation.»

In a non-PAP case, before proceedings the claimant should send a letter before claim and the defendant give a full written response within a reasonable period (for example, 14 days for a straightforward matter, 30 days if complex or third party involvement of say an insurer with longer than 90 days only being reasonable in exceptional circumstances).

Tom Jones, head of policy at Thompsons Solicitors said: «These are the numbers the insurers don't want us to see: the number of claims has gone down across the board and most dramatically in workplace accidents.

The report, Tackling the Compensation Culture, said the number of personal injury claims received by insurers rose 72 % between 2002 and 2010, and that people got more compensation, typically an extra # 289, quicker if they dealt with an insurer rather than a lawyer.

Such a case may start from Ukraine in terms of negotiations, then proceed judicially in Greece, security measures (ship arrest) may be taken in Romania; when it comes to enforcement of the judgement, and a Russian insurer is involved refusing to pay under LOI issued for release of the ship in Romania, you have to initiate enforcement proceedings in Russia, whereas the said vessel may have been arrested by the claimants for the second time in Bangladesh, on the same claim against the new ship owner, where the court decides that it will hear the case against the latter on the merits.

She says there are risks for lawyers because the legal insurer providing coverage for lawyers in Ontario doesn't provide protection for claims or losses incurred by private lenders.

Probably the most significant driver of these proposals has been the acceptance by government of the complaint by motor insurers that they are on the receiving end of a tsunami of RTA personal injury claims, the bulk of which they say are trivial, exaggerated and / or fraudulent.

Indeed, Section 5.6.3 of the (Ontario Automobile Policy) O.A.P. 1 and Section 9 of the OPCF - 44R endorsement explicitly state that findings of liability by courts outside of Ontario are not binding on the insurer with respect to claims for said coverage.

However, Catherine Percy, partner at City law firm RPC, which worked with many claimants following the 2011 riots, said the introduction of a compensation cap, limiting the amount of damages a claimant can claim from the police authorities in the event of riot to # 1m, could leave some businesses and insurers exposed.

It is difficult to say just how many more claims insurers will face since some of the cases affected might not previously been brought.»

«Justice Labrosse found that the Superior Court did not have jurisdiction to entertain this claim, but that was not self - evident on the face of the statement of claim, so the issue required adjudication by the court,» said Stephen Cavanagh of Cavanagh LLP, an Ottawa firm retained by the insurer of KISS.

Plaintiffs can't expect to collect aggravated damages against insurers without leading evidence to support the claim, says Toronto personal injury lawyer Gary Will.

The DWP says this is necessary in order to ensure there is a financial incentive for claimants to still trace the relevant insurer where possible, so that claims will only be brought against the fund once all other avenues have been exhausted.

At a time when the government trying to push through major changes to the funding of claims by people injured through no fault of their own — which will impoverish the public purse and boost the already bloated profits of insurers — it confirms what we have said all along: the government has no real grasp of the figures or data.

Manulife wouldn't comment on Blanchard's case, but in a written statement sent to CBC News, the insurer said: «We would not deny or terminate a valid claim solely based on information published on websites such as Facebook.»

One of my colleagues asked a great question that makes for an excellent tip: The definitions of the Minor Injury Regulation say in (g)(ii): «any insurer made a third party to the claim by the Court under section 635 (14) of the Act.»

Sir Rupert said he had been «shocked» by the levels of costs when he began his review of civil litigation, adding that some of the old rules «permitted gross over-remuneration of lawyers, insurers, claims management companies and others».

Lyndon Willshire, sales manager at legal expenses insurer DAS UK, says the new figures dash suggestions that employee relations are becoming less combative and predicts a further rise in claims.

For the sixth year running, the insurer says, such mistakes were the most frequent, accounting for 35 % of all the claims and circumstances notified.

If a typical small firm does conveyancing, pays a premium of, say, # 25,000, has one claim per year, and the average lender claim costs, say, # 50,000, it is not hard to see why an insurer might not find the proposition attractive, even though the firm is well run, and its claims record is better than average.