Bringing the Most Up-To-Date Laws

On our website it states that our applications are updated over 20 times every business day with new laws and regulations. A common question we get it – is that true? It is! It’s probably double that at the moment with all the changes in each state due to COVID. The follow up question to that is – How?

 

Our typical response is that we have a lot of spreadsheets! But now we think it’s time for us to give you a behind the scenes look on our updating secrets. Are you ready?

 

1. We do have a lot of really good spreadsheets that we work off of. They can overwhelming at times because of the amount of information on them but they are an amazing tool. I’m sure you’re thinking…what information is on them? Great question! For each state, we keep track of active emergency orders and directives with the expiration dates and the corresponding links to websites where they information is kept. EVERY SINGLE DAY we go into that website and see if any new regulations have come out that impact the P&C insurance industry. Our spreadsheets keep track of expiration dates so we know when a regulation is expiring and know to look to see if there’s an extension. Yes, we do this every single day! 

 

2. We have a compliance team. Companies that have lawyers typically have lawyers to protect their business, but our team is a little different. Our team of attorneys review laws and decide which ones are applicable in our industry and then put them into simple terms for anyone to understand. Again, updating our applications for any changes in laws or enhancing our products by adding new content! Here’s a secret…what is an attorney’s least favorite season? Bill season! Could you imagine having to read 100 bills that were just signed to find what impacts the P&C insurance industry? Woo, what a job our team has! 

 

3. Our entire team is dedicated to keeping up with changes that impact claims adjusters. It’s our full-time jobs! Every day we check governor’s news, state news, etc. to see if there is anything that our customers need to know. If so, we update our applications! It really is a full time job keeping all the information up to date. Claim’s adjusters have to know so much and work with customers everyday, so we pride ourselves on keeping information up to date so an adjuster can just hop on the application and find their answer – quick and easy! Hunting down laws and regulations shouldn’t be what they spend hours doing. That’s why Claim Toolkit was invented! 

 

So yes, we really do update our applications over 20 times a day! I think most of us at Claim Toolkit have learned more than we ever thought possible about P&C insurance laws and regulations because of this! Why hunt down the information if we already have it in a database, ready to go? Out motto is, “Your team needs the right information so they can make the right decision, right now,” – and now you know how we hold true to that! 

Distracted Driving – Who’s at Fault?

In honor of April being National Distracted Driving Awareness Month (we promise it’s real), let us tell you about Claim Toolkit for Auto. But first a story – which may or may not be true. You decide!

 

A college student was driving through a campus parking structure, going around and around to get to the bottom exit. She took a turn a little wide in the narrow structure and collided with another car coming up the parking rows. Thankfully, no one was hurt, it was just a little fender bender on the front left bumper of each car. No one was around to witness and no cops were called. Who was at fault?

 

Who decides who’s at fault? What questions do you ask to determine who’s at fault?

 

In this scenario, the girl coming down was at fault (she was going too fast and taking those turns too wide) but the claim was deemed 50/50. Could this have been ruled differently if more questions were asked? Was someone looking at their phone? Maybe reading comments on a graded paper they just got back? Or talking to a passenger about the happy hour they are going to?

 

Maybe this is a true story, maybe it’s not, but we’re sure as a claim’s adjuster -or anyone in the P&C insurance field – you’ve heard thousands of stories similar to this one.

 

It’s not a surprise – there are all kinds of distractions these days. April has even been declared National Distracted Driving Awareness Month! Are you capturing all these distractions with the questions you ask when a new claim comes in?

 

Did you know that 34% of all crashes have more than one driver at fault? What’s your percent? If it’s 10%, that could mean you’re giving out money that you shouldn’t!

 

Claim Toolkit for Auto provides accident type tips and evaluation techniques to improve claim rep skill. We give fast, accurate assessments of realistic ranges for settlements. Don’t pay out more money than you have to! I bet if you were to do a cost analysis, the cost of this product wouldn’t even be a blimp on the radar to how much money your company could be saving. Don’t worry – we can help with that. We even help with training claim reps!

 

Maybe your company would have won this claim in the scenario above and not have had to pay anything out. What do you think? Well, if you had Claim Toolkit for Auto then yes, maybe you wouldn’t have had to pay anything because you had the software to ensure you were asking all the right questions and your adjusters have been trained on evaluation techniques. Just think….have you been giving away unnecessary money? That’s a thought that could keep you up at night! But don’t let that thought distract you while you’re driving – or we’ve taught you nothing today:)

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