Cybersecurity-Implications for the insurance industry

Do you have the appropriate coverage with your environmental insurance? Uncertain and potentially costly environmental risks present difficult obstacles for parties involved in purchasing, selling, developing, leasing, operating or financing in today's business and real estate market. In an attempt to meet these needs, the insurance industry has developed a broad range of risk-specific environmental insurance products. In considering the use of insurance for the transfer of environmental risks, it is important to understand what the various insurance products are designed to cover, how to bind the necessary coverage and what issues must be considered and evaluated in negotiating these environmental insurance policies.

It is no secret that the U.S. Department of Treasury collection actions regarding Medicare conditional payment claims are on the rise. In fact, a recent CMS report found that Treasury collections jumped from $55 million in 2020 to $82 million in 2021, a 47% increase. In the big picture, notice of a Treasury claim – or worse yet a Treasury offset – very often signals that something went wrong as part of the claims handling process.

In this webinar, special guest Dr. Jake Avila will discuss the significant labor shortages currently afflicting the restoration industry—and what can be done to help refill the ranks of qualified adjusters.

Insurers are in the throes of digital transformation. But there are big differences within the industry based on product line, distribution model, and executive commitment to digital business transformation.Most insurers are still exploring the potential of digital technologies only in pockets of their organization-focusing on marketing or paperless processes. Few are delivering a compelling digital customer experience and building strong digital capabilities for the future.