June 2017 Preview: Historical Catastrophe Activity

June brings hurricane season to the Atlantic basin, where the season begins officially on the first of the month and continues through the end of November. Forecasters have called for less-than-average tropical activity this season, and there have been no early hurricanes in 2017. Last year, Hurricane Alex made landfall in the Azores in January—which […]

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New Realities: The Section 111 Connection to Conditional Payments and Claim Outcomes

Section 111 reporting historically has been viewed as an abstract technical Medicare compliance obligation and the responsibility of an IT department, because it involves the electronic transmission of data to Medicare. In the last year and a half, however, the situation has changed. What’s Changed Now, the Commercial Repayment Center’s (CRC) recovery for conditional payments […]

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Risky Business: Five Essential Tips for Section 111 Reporting

Your Section 111 reporting program may seem clear-cut, but it can mean risky business if your team isn’t prepared to avoid the pitfalls of common compliance mistakes. The primary objective of Section 111 reporting is to alert Medicare to bodily injury claims involving Medicare beneficiaries. This sets the course for Medicare to track claim-related payments […]

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Surprising Trends in Auto Claims Frequency and Severity

Indications are Americans will drive more but crash less—welcome news. Yet despite the decrease in the number of accident claims, auto insurance loss costs are mounting. That’s because claim severity is increasing at a rate that’s outpacing the decline in claims frequency. A number of factors are contributing to losses, and we’re looking at how […]

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TN Requests Carriers to Include NAICs on Insurance ID Cards

DOR has informed carriers they are running into problems in attempting to verify NAIC numbers when a motorist contacts them for assistance.  These problems include: Customer doesn’t know or cannot locate the NAIC number The NAIC number isn’t listed on the insurance card. NAIC number is listed on the policy but it is labeled “Customer […]

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Tennessee HB 280 Signed into Law

William Haslam signed House Bill 280 into law on March 22.  The bill extends the time given to respond to a Department of Revenue (DOR) request for information regarding motorists suspected of not having proper auto insurance coverage.  Previously the response time was 15 days; it is now 30 days. HB 280 also established a […]

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