Claims

Accenture has released new versions of its policy administration, claims management and billing software for P&C insurers, intended to support faster development of insurance products, increase speed to market and improve ease of use for the carrier, agents and policyholders, the company said.

Insured losses from the last two months for the insurer reach nearly $550 million.

Ratings, underwriting, policy administration, claims and billing platforms included in purchase of InsuranceSuite.

The Philadelphia Contributionship purchases processing solution in an attempt to modernize policy administration and core business operations.

Additional services such as grief counseling and coverage coordination result in more business, recommendations and positive perception, according to LIMRA survey.

Software designed with modular components for improving sales, claims administration and reporting.

The Affordable Care Act has had the unintended effect of boosting developing private exchanges markets where uninsured consumers compare and purchase high-deductible health insurance plans (HDHPs), according to Aite Group. As a result, the U.S. has 75 million HDHP consumers who have a serious reason to be more price-sensitive than traditionally insured consumers, the research firm said in its report, “Transparency in Healthcare: A New Market.”

Insurer bolsters claims operations with additional staff and by partnering with a catastrophe response firm, as well as enabling a toll-free number for filing claims.

Tornado season peaked in the last two weeks of the May, with several tornado-producing storm systems.

A new survey on claims capabilities benchmarks practices that enable insurers to self-diagnose and prioritize investments in technology spending, process reengineering.

The majority of insurance software sales in Latin America consist of core systems sold to new customers and smaller insurers, according to “Latin American Insurance Software Deal Trends 2013, Life/Annuity/Health and Property/Casualty Editions,” from Celent, an international financial research and consulting firm.

Claims resulting from last week's EF-5 tornado total $85 million in insured losses thus far.

Upgrade designed to enable the Choctaw Nation of Oklahoma to track hierarchy, multiple program locations and divisions across all lines of business.

A fruitful group discussion on social media among ACORDLOMA attendees unveiled shared experiences and progress being made with social business.

The latest damage reports from Monday’s EF-5 tornado solidify speculation it will rank among the most damaging in U.S. history.

Certus' construction, property/casualty examiners will handle legal, coverage matters for the insurer's construction defect claims.

Moore, Okla., suffered $1.4 billion in damages from a 1999 tornado; experts predict yesterday’s EF-4 will result in similar figures.

App designed to provide instant access to coverage information, proof of insurance, claim submissions and roadside assistance.

Early reports indicate that State Farm has received more than 3,500 home and auto claims as of this morning, less than 48 hours since a series of tornadoes that tore through Granbury, Texas, and the surrounding area, causing at least six deaths and injuring more than 100 more.

Personal automobile and bodily injury are the most common policy and loss types among questionable claims, according to the National Insurance Crime Bureau.