A Predictive Analytics Arsenal

Data Best Practices to Build Better Claims HandlingBy Patrick Sugent  From the January 2012 issue of Claims Magazine

A typical auto claim process starts with a phone call from a policyholder who has just been in a car accident. The carrier representative collects details about the accident, and the claims processing system passes information to a claims adjuster’s queue. The claims adjuster then starts the investigation and may order incremental data that he or she thinks is most appropriate for each case. However, this process is labor-intensive. It may take 45 days or more to close the claim.  read more..

FIO Hears Industry Arguments For and Against State-Based Regulation

By Arthur D. Postal, PropertyCasualty360.com
December 21, 2011  NU Online News Service, Dec. 21, 2:48 p.m. EST

Comments provided to the Federal Insurance Office on how insurance should be regulated in the future ranged from strong support of the current state-regulatory system to calls for the federal government to play a lead role “if uniformity and consistency of regulation is to be achieved.”  read more..

Risk Managers Favor Banning Cellphone Use in Autos

By Caroline McDonald, PropertyCasualty360.com
January 2, 2012  NU Online News Service, Jan. 2, 1:07 p.m. EST

Even though the National Transportation Safety Board’s recommendation that all cellphone use be banned in automobiles has been nixed by theU.S.transportation secretary, the suggestion is applauded by some corporate and public-entity risk managers.  read more..

Can Claims Professionals Execute Better Than Fifth Graders?

Basic Blocking and Tackling Are Keys to Success

By Christopher Tidball  December 19, 2011

I’ve said it before and I’ll say it again: the key to successful execution in any organization is basic blocking and tackling. Why do so many business professionals struggle with this? Arguably, this is a question pondered by millions in every industry across the globe.  read more..

Building a Champion ERM Risk Committee

Following the Plays of the 'Pros'By Denise Tessier  December 20, 2011

Insurers like to win. Highly competitive in their markets, they are constantly looking for new techniques to get an edge over rivals, while adjusting to the rough consumer and regulatory turf. Toughening up for the future, insurers are developing enterprise risk management (ERM) programs to strengthen their operations against financial blows.  read more..

Supreme Court Will Examine Healthcare Law in March

By Arthur D. Postal, PropertyCasualty360.com  December 20, 2011

NU Online News Service, Dec. 20, 3:01 p.m. EST

The Supreme Court will hear arguments on the constitutionality of the healthcare reform law and other issues pertaining to it for three days starting March 26.  Analysts and lawyers do not expect a decision in the case until late June.  read more..

What Tim Tebow Can Mean to Claims Organizations

By Christopher Tidball  December 8, 2011

There may be no player in the NFL with more detractors than Tim Tebow. Make no mistake; he has a big following. There is, however, a contingent, including many sports analysts, who have questioned Tebow’s abilities from the time the Denver Broncos traded up to draft the quirky young quarterback from Florida.

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