The National Worker’s Compensation & Disability Conference (NWCDC) returns for another year. The event takes place October 20th to the 22nd at Mandalay Bay Resort in Las Vegas. TerraClaim is presenting at the NWCDC (booth #471) demonstrating how TerraClaim streamlines the insurance claim management process. A Place to Discuss Workers’ Compensation in Person The 2021 NWCDC is an opportunity to network with the biggest companies and influencers in the insurance industry. Attendees learn about the evolution of the insurance landscape with a special focus on Workers’ Compensation. Registration is still open for attendees andRead more
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Workers’ Compensation is a form of insurance that exists to attend job concerns for both Employers and Employees. Also known as Workers’ Comp, this benefit helps workers in the case of injuries within the workplace. In other words, if an employee hurts themselves during workhours, Workers’ Compensation insurance provides the medical expenses and protects the employer form a civil lawsuit. Laws regarding Workers Compensation vary by state and the compensation deliberation is different according to each state. ThisRead more
Do not trip into a pile of claims this Fall! Make sure you are aware of these seven common insurance claims that we see an increase in during the upcoming months. Along with the falling leaves and dropping temperatures, Autumn brings new types of hazards and personal Insurance Claims. Here you have the most common claims that take place during Fall so you can be alert and prevent them from happening. WhatRead more
In the insurance industry, success in Claim Management is as important as having the right ingredients when you are cooking. Regardless of the type of insurance, managing claims is unavoidable. When the insured files a claim, it must go through the complex process that involves evidence gathering, coverage analysis and, finally, restitution. There is a way to make this process fast, cost effective, and even automated. Therefore, liberating insurersRead more
InsureTech Connect (ITC) Returns this October and TerraClaim is going to be part of this historical event! Since 2016, the world’s largest Insurtech Event has offered exclusive access to the most comprehensive and global gathering of tech entrepreneurs, investors, and insurance industry incumbents. This year, the conference is back for 3 days of the latest innovations of the industry, top notch speakers, more than 500 hours of content, and 30,000 one-to-one meetingsRead more
Insurance should be a critical component when Natural Disaster affects daily life and American’s business. Specially in this year where extreme weather went from surprising snowfalls, floods, and dust clouds followed one another as the seasons changed. Over the last several decades, many severe disasters have exposed Insurance needs to face natural disasters in changing markets. These catastrophes are changing the rules of the insurance game on aRead more
Recently, the Cyber Insurer Coalition published a joint report with federal organizations showing that cyber-attacks have increased dramatically during the first half of 2021. The investigation analyzed 50,000 claims from policy holders in the United States and Canada in their words, the H-1 2021 Cyber Insurance claims report shows that “cyber-attacks involving ransomware increased 50% from January to July compared with the same time period of 2020. At the same time, theRead more
Business Interruption insurance is a type of coverage that a business owner turns to when they are forced to close their business for a period. The reasons behind this “non-voluntary” closure could be internal or external factors that make owners lose their ability to generate sales and income. Internals: such as a gas leak, a fallen tree, a broken water pipe, etc. Scenarios that force a company to stop businessRead more
Are you considering moving your time-consuming manual process to an automated system to support faster and more accurate claims processing? If so, you need to choose the right solution that directly addresses your specific claims goals. Switching from a manual process to a software that helps your company save time and money will depend on a series of factors. Sometimes, users are not familiar with IT (Information Technology) environments and isRead more
The Insurance Industry is opening its doors to new forms of insurance. In this new scenario, the concept of “Open Insurance” is generating a world-wide project that draws on the experience of the Open Banking initiative. Open databases allow insurance providers to share with each other, what information they have available about the insured. The outcome are tailored policies for each insured, less time spent on dataRead more
