claims processing News

Romanian Firm UiPath Ascends as Leader in Automating Business Tasks Such as Claims

Romanian firm emerges as leader in automating business tasks Romanian software firm UiPath has raised $153 million in new venture financing, marking both the company’s rapid ascent as a leader in automating routine business tasks and the emergence of Central …

2nd March Hailstorm in North Texas Deemed an Insurance Catastrophe

The Texas insurance regulators say the weather-related event that occurred March 23 – 24 in Dallas, Tarrant, Denton and Collin Counties is a catastrophe for the purpose of claims processing. Claims resulting directly from the identified catastrophe in the counties …

Texas Regulators: Mid-March Hail Storm Was Insurance ‘Catastrophe’

The Texas Department of Insurance has determined the weather-related event that occurred March 16, 2016, through March 17, 2016, in the counties of Dallas, Tarrant, Johnson, and Parker is a catastrophe for the purpose of claims processing. The designation allows …

Texas Deems Severe Weather in Late May a Catastrophe

The Texas Department of Insurance has determined the severe weather event that occurred May 23, 2015, through May 30, 2015, in Harris, Dallas, Travis, Fort Bend, Tarrant, Bexar, Hays, Rusk, Randall, Williamson, Collin, Lubbock, Montgomery, Cherokee, Ellis, Denton, Wichita, Brazoria, …

AirAsia’s Insurers See ‘No Problems’ with Claims-Indonesia Regulator

Insurers have begun processing claims in the crash of an Indonesia AirAsia aircraft last month and hope to identify the beneficiaries by the end of January, an official from Indonesia’s financial regulator said on Tuesday. Speculation about insurance payments surfaced …

N.J. Regulators Offer Tips on Managing Settlement Process Post-Sandy

New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski is offering advice to consumers in an effort to help explain the Sandy claims process. The regulator said that so far, more than 458,000 New Jersey homeowner’s, auto, business …

Lloyd’s Ark Syndicate Moves to ‘All in One’ Electronic Claims

Slowly, but surely the electronic revolution is gaining ground at Lloyd’s and throughout the London market generally. Ark Syndicate Management Limited at Lloyd’s became the latest to make the jump with the announcement that it has “gone live” with its …