Posts Tagged: claims
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Dec 12, 2011
No CommentsNew Mexico: Catastrophe Declaration
Recent severe windstorms affected many western states. The New Mexico Division of Insurance has issued a catastrophe declaration for its recent statewide wind storm and assigned NM-2011-2 as the event’s catastrophic claim number. Bulletin 2011-013 provides that questions on coverage and settlement requirements may be directed to John Gaherty, Chief of the Catastrophe Claims Bureau, at...
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Dec 05, 2011
No CommentsStatute of Limitations – The Times, They Are A Changin’
Statute of Limitations – the time that is set after an event that allows a legal proceeding to be initiated. Miss it when you are looking to file an insurance claim or lawsuit and you are out of luck......
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Nov 30, 2011
No CommentsWorkers’ Compensation Claims: Forms Drive the Process
As the line of business that typically requires the most state-mandated forms, it’s easy to see that the workers’ compensation claims process is most definitely forms-driven. And with those forms in the driver’s seat, insurers need to accommodate the various routes (a.k.a. forms changes) taken to achieve compliance. Sometimes form changes are dictated by legislative...
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Nov 14, 2011
No CommentsLocating Life Insurance Policies Just Got Easier
During the past two months, two of my friends passed away from terminal illnesses – leaving young spouses and children behind. Despite being incredibly sad, the reality is that having a terminal illness tends to lend itself to some planning for the survivors’ futures. Knowledge that there is a life insurance policy, the name of...
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Nov 03, 2011
No CommentsSnowtober in Connecticut: Claims, Clean-up and Compliance Continue
The Connecticut Insurance Department reissued three “disaster” bulletins this week in the wake of the devastating Nor’easter that hit New England with a fury on Oct. 29th and 30th. With claims currently projected to exceed those due to Hurricane/Tropical Storm Irene, Connecticut and other nearby states declared states of emergency as the massive clean-up continues this...
