Better Business Bureau of Cincinnati’s Post

What steps can you take to ensure you have the right level of coverage for your legal practice? Knowing how to assess and adjust your coverage is key to protecting your legal practice. Learn about the essential steps to get the right level of protection with Pacis Insurance. Learn more on our website: www.pacisinsurance.com

Insurance Industry Insight: Navigating Claims with Crab N Shield Solutions Inc In the book Delay, Deny, Defend, the author uncovers a paradigm shift within the vast bureaucracy of insurance companies. In the intricate web where actuaries assess risk, underwriters price policies, and agents market them, a seismic change occurred in the 1990s that reshaped the landscape of claims processing. Traditionally, the claims department's role was clear-cut – paying what is owed, neither more nor less. However, major insurance companies, including Allstate, reevaluated this approach, realizing a simple truth: the most substantial expense lies in claim payouts. This revelation prompted transformative actions, with companies like Allstate enlisting McKinsey & Company to revolutionize claim strategies. The traditional practice of evaluating each claim on its merits gave way to a system where computer algorithms determine the amounts offered to policyholders. Moreover, strategies were devised to dissuade claimants from hiring lawyers, and settlements were presented on a take-it-or-litigate basis. Source: Feinman, J. (2010). "Delay, Deny, Defend: Why Insurance Companies Don’t Pay Claims And What You Can Do About It." Delden Press. Why Does It Matter? Empowering Consumers: Understanding this transformation is crucial for policyholders. It empowers consumers to make informed decisions, knowing that the landscape has evolved. Advocacy for Fair Treatment: Awareness is the first step towards advocacy. Knowing the changes allows individuals to advocate for fair treatment in the claims process, ensuring they receive what they are entitled to. Navigating Complexity: The complexity of the new approach can be overwhelming. Crab N Shield Solutions Inc. will navigate this complexity on your behalf, ensuring a fair claims settlement. Crab N Shield Solutions Inc: Your Advocates in Claims Amidst this evolving landscape, Crab N Shield Solutions Inc. is your ally. We navigate the insurance claims process and advocate for you, ensuring a fair settlement. Visit crabnshield.com to discover how we can support you through the intricacies of insurance claims. Let's spread awareness about these industry shifts and empower individuals to navigate insurance claims confidently! #InsuranceInsights #ClaimHandling #ConsumerEmpowerment #CrabNShieldSolutionsInc #PublicAdjuster

Come join me, Darren Teshima, and Lawrence Bowlus on November 14 to talk about D&O insurance basics! If you've ever had someone in the C-suite say, "Hey, I have D&O coverage for that, right?" and felt a sense of panic before answering the question, this event is for you. We'll talk about key coverages, what to look for when you're renewing your policy, and common hot spots that corporate officers and in-house counsel face. Click on the link for more details and to RSVP.

What is the difference between a bond and E&O insurance? A bond protects the general public and is only required in select states. The E&O insurance protects you as a notary. E&O insurance is not a requirement but it is highly recommended if you are working as a notary. I recommend getting your E&O coverage from the @nationalnotary association. Comment below if you have E&O coverage and if you have ever had to use it!

Handling insurance disputes all throughout the United States? 🇺🇸 We have the intimate knowledge you require! Come learn the ins and outs from Florida to Texas with David Farber. Learn about the advantages of networking, the effect of technology, and how to remain ahead of the game. Seize this opportunity to learn more! #insuranceclaim #publicadjuster #litigation #tennessee #farberlawfirm #InsuranceLaw #florida #ClaimSettlements #InsuranceIndustry #PropertyClaims #networking

D&O insurance isn't just for public companies. Plaintiffs' attorneys are targeting unicorns and other well-funded private companies in record numbers. A lawsuit - even if frivolous - can ruin your finances and reputation. Download our free Guide to Private Company D&O Insurance to learn what coverage you need and how to get it.

Did you know that a public adjuster can help you navigate the often-complicated insurance claims process? At Keathley Claims Consultants, we use our experience to make it as smooth and stress-free as possible for you.

D&O insurance isn't just for public companies. Plaintiffs' attorneys are targeting unicorns and other well-funded private companies in record numbers. A lawsuit - even if frivolous - can ruin your finances and reputation. Download our free Guide to Private Company D&O Insurance to learn what coverage you need and how to get it.

Congratulations to Escalate #client Hi Marley for landing on PropertyCasualty360's 2024 Insurance Luminaries list today! Hi Marley, along with partners Copart and Plymouth Rock Assurance won in the "Technology Innovation" category for Total Loss Assist, a new feature within Hi Marley's communications platform that accelerates the auto total loss claims process. Adopters reported resolving claims 2.5 days faster, a 30-40% cycle time reduction, which saves carriers $125-$150 per total loss claim. Policyholders like it. Users reported an increase in 5-star survey results renewal commitments from total loss claimants. See all the winners here: https://lnkd.in/e5xnhq7k

We know that protecting patient data is one of your top priorities as a private practice. That’s why having the right small business insurance coverage is key to protecting your office’s assets. Contact me to learn more about your options.