Sentences with phrase «insurers claims paid»

The combined ratio is an insurers claims paid plus operating expenses dividend by premiums collected.

Among them, steady premiums, guaranteed death benefit, and even the ability to completely pay off the policy in just 15 years (subject to the insurers claims paying ability).

Not exact matches

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.

So, insurers have powerful motivations not to pay legitimate claims.

While research from the American Medical Association showed that 7.1 percent of all claims paid by insurers in 2013 contained a mistake, patient advocates and other professionals who review medical claims for accuracy put the frequency of billing errors at more like 80 percent or even 90 percent.

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.

Over nine years, consumers» premiums have risen by 89.2 per cent as money paid by their insurers on their claims has risen by 91 per cent.

Issuer guarantees income for the term of the annuity, often the investor's lifespan, subject to the claims - paying ability of the insurer.

That's because insurers collect money from customers now, but pay their claims later.

Another benefit is that you only deal with your own insurance company, rather than another insurer with less incentive to pay for your claim.

Senate Health Committee Chairman Lamar Alexander and Sen. Susan Collins, Maine Republican, have partnered with Democrats on bills that would reel in rate hikes by resuming reimbursements for insurers who pick up low - income customers costs on the Obamacare exchanges and freeing up billions for a «reinsurance» program that blunts the cost of customers with big claims, so others don't have to pay more.

While the damage is still being assessed, insurers climbed Monday as investors anticipate they won't have to pay out as much in claims as it looked like they would just a few days ago.

Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims paying ability and financial strength.

Annuity guarantees rely on the financial strength and claims - paying ability of the issuing insurer.

When an insurer is generous on claim payments they would be paying out of their profits.

MI works and is a reliable form of credit risk protection, as evidenced by the more than $ 50 billion in claims that mortgage insurers paid to the GSEs through the downturn.

In the event of default, the mortgage insurer pays a claim to the loan servicer.

Upon your death, the beneficiaries file claims and are paid directly by the insurer, as the money isn't considered a part of your estate.

«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.

And, like other insurers, the FHA collects regular payments known as premiums which fund the claims it pays to lenders.

Our cost estimates are based on claims for medical and dental services paid for by private insurance plans, including the country's largest insurers.

But when it claims that the «free» contraceptive coverage can be afforded by the insurer because «cost - savings» will result from «improvements in women's health and fewer childbirths,» the administration is admitting that the contraception is already being paid for by the employer, if its policy covers childbirth and women's health in general.

Before insurancecompanies pay off on a claim, two veterinarians, one acting on behalf of theowner, the second for the insurer, must 1) certify that the horse is actuallydead, 2) that the body resembles the insured horse and 3) that the cause ofdeath is plausible — and this normally requires an autopsy.

Colorado is one of 46 states that «self - fund at least one of their employee health care plans,» meaning that rather than purchasing insurance, the state pays health insurance claims with state and employee out - of - pocket insurance contributions while an insurer administers the benefits.

So Bank A crashes, and the insurers go and retire money to pay the claims.

Industry data shows the difference insurers make With: 9.4 million paid everyday over life, income protection and critical illness insurance in 2014 Over # 1bn in claims paid to households and business affected by the winter 2013/14 floods and storms And tracking of motor and household premiums

For low value personal injury motor accident claims, for every # 1 insurers pay in compensation, a further 87 pence is paid to claimant lawyers.

If PRI is in bad shape, doctors now covered by the company might worry about getting any claims paid and decide to sign on with a competing insurer.

Ellen Melchionni, president of the New York Insurance Association, which represents property and casualty insurers, argued that insurance companies need to maintain an surplus to pay future claims — and that allowing an insurer to operate in the red is «incredibly risky.»

In the U.S., where flood insurance does not appeal to most commercial insurers, it is primarily provided by the federal government's National Flood Insurance Program, which has borrowed over $ 25 billion from the national Treasury to help pay its claims.

For example, if you are having major theft of lead problems (as is so common these days), you may find that excluding these claims and paying for them yourself is actually cheaper than insuring them, as the insurer will «price in'their belief that more claims will follow in the future.

New master policies provide better clarity on claims, and new financial requirements (Private Mortgage Insurer Eligibility Requirements, or PMIERs) ensure that MIs have adequate liquidity and claims - paying capacity during periods of stress.

Your insurer has a duty to defend you and the company from that loss, and that comes in the form of paying for your defense to mitigate the risk of them having to pay the full claim amount.

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.

If your beneficiary tries to claim the death benefit and the insurer finds out you died from a previously undisclosed alligator - wrestling avocation, the insurer could recalculate your premiums to the amount it believes you should have been paying and subtract that amount from the payout.

Instead, the FHA insures mortgages, which means the FHA repays the bank's losses should your loan go into default — just like an auto insurer pays your claim in a collision.

«Mortgage insurers have taken steps to enhance both their claims paying ability — by increased capital and operational standards through the Private Mortgage Insurer Eligibility Requirements (PMIERs)-- and their claims paying process through updated Master Policy Agreements.

Moreover, mortgage insurers have materially increased their claims paying ability under higher capital standards mandated by the Private Mortgage Insurer Eligibility Requirements (PMIERs), issued by the GSEs.

But you may want it to avoid paying your deductible or filing a claim with your insurer in case something goes wrong.

«No - fault» approach means that each insurer pays the claim of its policyholder.

You put in money, it earns interest, and when you retire you get guaranteed payments.Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims - paying ability and financial strength.

These payments are guaranteed.Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims - paying ability and financial strength.

In a time of financial stress, the financial guaranty insurers can pay off claims slowly, and reduce the writing of new business, which would allow them to delever rapidly.

When housing prices tank, everybody loses; the banks are exposed to higher risk of mortgage defaults, insurers start having to pay out more for «gas leaks» claiming over-leveraged homes, realtors starve because their commissions go down (even as foreclosures put more homes on the market) and people faced with financial uncertainty will stay put in their current homes instead of moving elsewhere.

Diminished ratings decrease the amount of business that an insurer can write, and further limit the willingness of prospective purchasers of insurance, particularly long - tailed coverages, who want to be sure that the company that they buy insurance from will be around to pay claims.

With regard to your home insurance policy, you could tryreporting the claim, and your insurer may try and get the neighbour's insurance to pay for it.

Once the claim is approved, the insurer will provide you with a portion — usually half — of the repair or replacement cost, paying out the remainder once the work has been finished.

You can choose whether to receive guaranteed payments for life, for a set period of time — or both.Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims - paying ability and financial strength.

They're 100 % willing to pay a legitimate claim — that's what they contracted to do, of course — but your insurer wants to make sure they pay only legitimate claims, in the interest of the company and of all the other policyholders of that company.