Subrogation is the process by which your insurance company seeks financial reimbursement for claims it paid out but wasn’t financially responsible for. For example, if you were in a car accident but ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has ...
Every year, health plans disrupt their members and still miss as much as 50 percent of claims that are eligible for subrogation. This little-known fact points to the reality that health plans, TPAs, ...
BLOOMINGTON, Illinois, Dec. 10-- State Farm Companies, an auto, home and individual life insurance provider, issued the following news release: In an age of fast-paced technology, companies have to ...
This is the fifth of six articles addressing climate change lawsuits in the context of (re)insurance. In previous articles in this series, we have discussed the litigation risks faced by liability ...
State Farm and USAA have partnered to test a blockchain-based solution for the insurance payment process, subrogation. The two insurance titans are using blockchain technology to automate and ...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- The National Council for Prescription Drug Programs (NCPDP), a not-for-profit pharmacy standards development organization, announced today registration is open for ...
An increasingly common source of delay and confusion seems to be whether a contracting party will, or even can, waive its liability insurer’s subrogation rights against the other party, especially ...
“Subrogation is an equitable doctrine that allows one party to replace another party when it comes to a legal right. The term “subrogation,” as used herein, may be understood to mean the substitution ...
U.S.-based insurance company State Farm is testing a blockchain-based solution to speed up the subrogation process for auto claims, according to an announcement published Dec. 10. State Farm is a ...
FORT WORTH, Texas--(BUSINESS WIRE)--One of the more drawn-out parts of the insurance claims process has become simpler and faster with the help Property Damage Appraisers’ Web-based photo damage ...
The current trend of large companies looking to incorporate blockchain is still in its infancy. Mainstream mammoths across the board are finding ways to incorporate the technology to fit their ...
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