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Broadspire, a Crawford Company, has gone live with the RiskTech claims management system, retiring its ARMS and SISDAT legacy systems and converting over 10m claims.

Broadspire’s legacy system was converted in 2009 and will now enable the clients with rules-based claims management system that provides ability to manage attachments including digital statements for easy accessibility, easy and flexible editing and adding codes and fields.

The clients are provided with detailed reserve worksheets that help claim professionals precisely calculate indemnity and medical expenses, said the company.

Broadspire president and CEO Ken Martino said RiskTech customizes the data capture process on a per-client basis, allowing each to receive the crucial information needed to drive a claim toward the optimum outcome.

“By consolidating our claims into one system, we can concentrate our training, development and organizational efforts on that system,” Martino said.

The system also provides easy, secure, real-time access for clients through the Dmitri Suite of RMIS services, and allows automatic policy validations that highlight inconsistencies for further accuracy.

The system also provides claim and medical notes organized for improved communication between all parties, and includes a Broadspire MyClaim portal to enable injured workers to view their indemnity payments through any computer or mobile device.

RiskTech works in conjugation with Broadspire’s e-Triage system that determines obstacles to recovery by recording claims information as data points.

The Bankers team wishes you a pleasant, productive and most of all safe holiday season. In keeping with the times were sharing ways to avoid those pesky Risks. This weeks featured video shows you the most common causes of Christmas tree fires along with some surprising statistics. 

Check out the video and share your thoughts by commenting below or on Twitter using the hashtag #riskymonday.

#riskymonday, brought to you by Bankers Insurance Group, covers one important video highlighting the risks we face each week. W

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It said it appreciated the coalition’s attempts to simplify the tax system but felt this was the wrong target to choose and could result in confusion for many elderly customers.

People paying into qualifying life insurance policies taken out before 1984 currently get 12.5% tax relief on their income tax.

In 1984 this was abolished for new customers, but the decision was taken to keep it for current customers as it would end on the death of individual policyholders.

The government’s proposals will now end this exemption.

Mark Edwards, head of taxation at the ABI, said: “Whilst we strongly support the government’s efforts to simplify the tax system, we are disappointed that they have chosen to end life assurance premium tax relief.

“The relief is not obsolete.

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Angry Creditors often take extreme measures to recover the money lent to borrowers. Their tactics range from letters intimidating harassment, telephone harassment through the threat of keeping their property or warn you give your case to collection agencies to complete terrified start legal action. This constant harassment can cause serious nervous condition in people who already are on the brink of their endurance by their difficult financial circumstances.

Debt negotiation is a procedure that allows borrowers with little cash available to achieve a reduction in the amount of their debts instead of paying the total amount owed.

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There are all sorts of car features that have an impact on whether you have to pay more or less for your insurance, so it can often be hard to know exactly which cars are likely to give you the cheapest car insurance offers. A good example of this dichotomy is the issue of popular cars: does having a popular car mean you have to pay more or less for your insurance?

There are two sides to this story. On the one hand, having a car that is popular with lots of people can sometimes give you cheaper car insurance premiums. Read more…

Renters insurance should figure very prominently in your life if you are living in a rented apartment or house. Do not be misled by the impression that your landlord will be liable for any damages to your fixed assets. After all, while he might be the rightful owner of the house, you are now renting it from him and are now living in it and as such, you will be held responsible for your own assets if something were to happen to them. Thus, it is highly important that you should get renters insurance as soon as possible.

One of the main things you should do before settling for any insurance would be to go for renters insurance comparisons. Read more…

Life insurance is not designed to be one-size-fits all safeguard. You should combine the different options to create a plan that works for your family. Here are the features that can be adjusted to design the right level of protection for your needs.

Terms

You hear quite a bit about twenty year terms for life insurance. This is commonly quoted because many people wait until they have children to purchase this coverage and it is enough time for dependents to grow to adulthood and move out of the house.

State Farm offers ten, twenty and thirty year life insurance plans.

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The purchase of a long term care insurance policy should be a consideration for everyone entering their retirement years. The American Association for Long Term Care Insurance is offering two free informational guides to consumers with no personal information required to view them. A Three Step Guide to Smarter Long-Term Care Planning and The Most Asked Questions About Long-Term Care Planning can be viewed at their website .