For years, there was little oversight of appraisers in North Carolina. Now, new language from House Bill 1007 incorporated into the budget bill states that the insurance commissioner must enforce laws regarding third-party claims.
The Alabama Department of Insurance said on Monday that Access Insurance has been placed into liquidation after not paying off its debts in February. All claims will be paid off by the Alabama Insurance Guaranty Association.
The discussion stemmed from a recent LexisNexis study that evaluated the claims process to track what direction it’s moving. The study found that there are three or more people touching the average claim, and insurance companies are looking to reduce that number to zero by embracing telematics and employing the customer as a photographer.