Increasing claim frequency could easily be a result of the economy’s drag on insureds and their clients. Desperate times call for desperate measures, and an insurance policy can look like easy pickin’s.
Some insureds like to handle their own claims — until they blow up. If the carrier is aware of this self-management and agrees to it, no problem. If not, the insured is risking an uncovered loss.
Continue reading about The Perils of Self-Management of Claims
When an insured does not report claims, they are courting disaster. Subscribe to Knowledge Knuggets to find out why.
Continue reading about When Self-Reliance is not a good thing….
LinkedIn
Twitter
Facebook