CHICAGO (PRWEB)
October 21, 2020

Clearcover, the smarter car insurance choice, has announced Clear Claims, which advances the company’s digital claims process by offering drivers instant auto insurance claims processing and payment issuance for eligible claims faster than any other carrier. With the Clearcover app, once a claim is submitted, Clearcover automates coverage validation and determines eligibility instantly using a new machine learning model. Partnering with Snapsheet, a pioneer in cloud-native claims management solutions, this digital-first approach will make it possible for customers to have payment issued on eligible claims in as little as 13 minutes of submission — an industry-leading claim adjustment turnaround time.

While many carriers average five to seven days to process claims, with the introduction of Clear Claims, Clearcover is the first insurer with the ability to process an auto claim instantly using machine learning. By using its proprietary artificial intelligence technology, ClearAI, Clear Claims ingests policy history along with First Notice of Loss (FNOL) information, while optimizing for the reduction of claim fraud.

Clear Claims integrates with the Snapsheet Claims platform to support end-to-end claims management. For eligible claims, this process replaces manual claim reviews, which typically require asking drivers to submit police report information and speak with claims adjusters, which can slow down the process. Once ClearAI has validated a claim and assessed risk of fraud, Snapsheet considers the Clearcover fraud score and triggers an automated, rule-based process to initiate payment of a claim, which further supports the digital claims experience.

“People expect filing a car insurance claim to be a painful and drawn out process. But at Clearcover we are committed to creating better insurance experiences, most importantly when you need to file a claim,” said Kyle Nakatsuji, Co-Founder and CEO of Clearcover. “Clear Claims is the first of many enhancements we are building into our claims experience that will change the way people think about filing a claim. Our integration of machine learning lowers operating costs and enables us to offer our customers lower prices. It really is a win-win.”

Clear Claims builds upon Clearcover’s digital-first approach and continues to support customers who prefer streamlined, digital experiences. This also adds to Clearcover’s digital innovations that have enabled it to reduce LAE costs in its model, the result of which is lower prices for customers and validation that economic improvements are being driven by digitizing historically analog processes.

For more information about the Clearcover Clear Claims offering, visit http://www.Clearcover.com/claims

About Clearcover

Clearcover is the smarter car insurance choice, offering better coverage for less money. Clearcover’s API-first approach enables customers to have great insurance at affordable rates. The company’s powerful technology coupled with their dedicated Customer Advocate team ensures a quality experience. Backed by one of the world’s biggest reinsurers and built for modern drivers, Clearcover makes it easy to get reliable car insurance in minutes.

To learn more, visit: https://clearcover.com/ Connect with us on Twitter: @Clearcover, Facebook: facebook.com/clearcoverinc or LinkedIn: https://www.linkedin.com/company/clearcover-inc./

Media Contact:

press@clearcover.com

949-533-6856

FOR PRESS INQUIRIES

press@clearcover.com

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Nir Kossovsky, Steel City Re CEO

“If boards don’t give risk professionals the authority and resources they need to build an expansive reputation risk management process, the vast majority of those board members will suffer personally if their firms are called to account in the courts of law and public opinion.”

PITTSBURGH (PRWEB)
October 21, 2020

Corporate board members are more personally exposed than ever to legal liability in connection with reputational risk, and risk management professionals need to engage them in mitigating those risks, says Nir Kossovsky, CEO of Steel City Re.

“Every time a company overpromises and overpromotes itself,” says Kossovsky, “it is exposing itself and its board members to legal and reputational risk. Risk professionals need to be able to make a compelling case to their boards that the world of reputational risk has changed and a new approach is necessary. We are frequently asked for advice on this point and are now making our insight publicly available.”

Steel City Re’s advice on what Board members need to know is available in a brief video. It includes:

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  Federal lawsuits claiming reputation damage are up 60% this year. 72% of board members say this kind of litigation hurts them personally.
• Plaintiffs are arguing that reputation is mission critical and that companies are inflating their reputations and their stock prices by overpromising and overpromoting. And courts are allowing these claims to go forward.
• Promoting ESG initiatives and signing onto pledges like the one created by the Business Roundtable, raise stakeholder expectations. If companies don’t meet them and face losses, they and their boards are going to be sued.
• Boards need to oversee the reputation risk management process, making sure their companies can meet the expectations they’ve set, document their activities, validate their oversight through third parties and insurance, and communicate the value they’re providing.

“If boards don’t give risk professionals the authority and resources they need to build an expansive reputation risk management process, the vast majority of those board members will suffer personally if their firms are called to account in the courts of law and public opinion,” observed Kossovsky.

Steel City Re employs principles of informational and behavioral economics to provide reputation risk management and insurance solutions. It pioneered the field of parametric reputation insurances using synthetic measures of reputational value. Steel City Re is an overseas advisor to the Lloyd’s of London syndicate, Tokio Marine Kiln.

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“Most service contract providers stop offering coverage at 150k miles, and the coverage they offer is minimal. Unlike our competitors, the Ambassador line covers most components of your vehicle at high mileage, when consumers need it most”.

ST. PETERSBURG, Fla. (PRWEB)
October 20, 2020

Protect My Car, one of the nation’s leading providers of vehicle service contracts and maintenance plans has released the Ambassador Platinum, a premium maintenance plan for high mileage vehicles that are not covered by traditional vehicle service contracts.

“The Ambassador line is great for consumers” said CSO Ron Roberts “Most service contract providers stop offering coverage at 150k miles, and the coverage they offer is minimal. Unlike our competitors, the Ambassador line covers most components of your vehicle at high mileage, when consumers need it most”.

The Ambassador Platinum plan promises to pay 75% of the cost of all covered repairs for any vehicle 1997 or newer, with less than 300,000 miles.

While comparable high mileage plans traditionally only cover the engine, transmission, and drivetrain, the Ambassador Platinum covers these plus the suspension, air conditioning, heating, electrical, brake components, and many others.

The Ambassador Platinum also includes free oil changes and tire rotations, in addition to 24/7 roadside assistance and rental car coverage.

The Ambassador line from Protect My Car also includes the Pro and Elite plans which are the same coverage groups instead backed by a promise to pay for 50% of all covered repairs.

“Repair costs start to climb after you hit 150,000 miles” said VP of Marketing Mike Sabau. “The Ambassador Platinum is the ultimate peace of mind because it takes the anxiety out of paying for major repairs, which is great if your older car is already paid off. That means no car payment and no worrying about repairs.”

The Ambassador series aims to extend coverage to the estimated 47.8 million vehicles across the United States with over 150,000 miles said Mr. Sabau.

About Protect My Car

Founded in 2006, Protect My Car is the nationwide leader of high mileage vehicle service contracts and protection plans. The trusted vehicle protection provider for over 500,000 Americans, Protect My Car currently offers protection plans in 44 states, which pay for over $1 million in repairs each month.

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As a former Ohio law enforcement officer, myself, I know Ohio state public employees are hardworking, generous people who deserve to be able to go to one source to understand the many different nuances of their retirement.

FORT LAUDERDALE, Fla. (PRWEB)
October 20, 2020

During the past 25 years, financial advisor Jim Lineweaver, CFP®, AIP, has shown hundreds of Ohio First Responders and Public Employees how to integrate their Ohio benefits and personal savings to create a worry-free retirement plan.

Now, he’s taking the next step by summarizing much of that on-the-job experience into his new book, Your Retirement Playbook: Ohio’s Guide to a Successful Retirement. The book’s official publication date is October 20, 2020. (Advisors Academy Press, Hardcover)

“As a former Ohio law enforcement officer, myself,” said Lineweaver, “I know Ohio state public employees are hardworking, generous people who deserve to be able to go to one source to understand the many different nuances of their retirement. This includes their pensions, healthcare, coordination with the Social Security Windfall Elimination Provision and Government Pension Offset, taxes, insurances and many other factors to build a proper retirement plan for their situation or improve their existing retirement plan.”

According to the author, Your Retirement Playbook presents important public policy issues and concepts, in a manner without all the legalese, including examples of common mistakes and lost opportunities public sector employees have experienced. “Sadly, even having a team of well-meaning professionals does not guarantee the best outcome. A financial advisor, attorney, accountant, and insurance agent must work together seamlessly. A team-built solution is not easily achieved.”

Lineweaver’s book also provides the understanding public and private employees need to become their own financial quarterback and lead their team to financial success. If readers don’t think they are the best qualified for the job, the book explains how to find the right person.

About Jim Lineweaver: Jim Lineweaver, CFP®, AIP® is the Founder and CEO of Lineweaver Financial Group (LFG), one of Northeastern Ohio’s leading independent financial advisory firms. LFG has been providing intelligent financial strategies and solutions to clients in or near retirement since 1993.

Jim is also the Founder of the Lineweaver WealthWATCH Center, a comprehensive resource center that brings independent financial, tax, legal, and insurance professionals together to objectively analyze and fulfill the needs of LFG clients.

Jim hosts his own TV show, The Financial Quarterback, on the top-rated Fox 8 Sunday mornings, and has been featured on local TV, radio, and newspapers outlets—including WEWS-TV Channel 5, WKNR-Radio 850, the Plain Dealer, the Sun Newspapers, Northern Ohio Live and Cleveland Magazines, and the Ohio Patrolmen’s Benevolent Association’s magazine, Police Beat.

About Advisors’ Academy: Advisors’ Academy was founded in 2006 by David J. Scranton to teach highly successful financial advisors how to achieve greater levels of success through a variety of innovative, market-proven systems and turnkey tools designed to put clients first.

Advisors’ Academy Press, LLC is partially owned by David J. Scranton and the Advisors’ Academy. AAP books are distributed by Simon & Schuster, a subsidiary of Viacom CBS.

Disclosures: Securities offered through Triad Advisors, LLC, member FINRA/SIPC. Advisory services offered through Lineweaver Wealth Advisors, LLC. Lineweaver Wealth Advisors, LLC is not affiliated with Triad Advisors, LLC.

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AgencyBloc / Ease Integration

This partnership creates a great asset for health insurance brokers. With this integration, brokers will have a more streamlined experience from enrolling, to managing their clients, to overseeing their ongoing business.

CEDAR FALLS, Iowa (PRWEB)
October 20, 2020

AgencyBloc, the #1 Agency Recommended Management System for life and health insurance agencies, is now integrated with Ease, an online enrollment system for health insurance brokers to use for businesses from 2-250 employees. The two companies specialize in providing industry-specific software to deliver a positive user experience and are excited to bring this high-demand integration to the life and health insurance industry.

The integration will help brokers access powerful tools to easily manage, access, and report on client, prospect, agent, and commission data.

“This partnership creates a great asset for health insurance brokers. With this integration, brokers will have a more streamlined experience from enrolling, to managing their clients, to overseeing their ongoing business. The combination of Ease and AgencyBloc will be a time saver for brokers throughout the year and especially during enrollment season,” said Adam Lewis, CEO of AgencyBloc.

Through this integration, AgencyBloc and Ease aim to eliminate duplicate data entry for health insurance brokers by allowing the sync of plan, enrollment, group, and employee data. At a glance, this integration also benefits brokers by:

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  Providing a centralized location for group enrollment, employee classification and demographics, as well as election management
• Improving customer service by providing a complete client interaction history and workflow automation
• Streamlining commissions processing
• Providing business insights via real-time analytics and custom reporting

“We are excited about our partnership with AgencyBloc. It will allow our brokers to further manage and grow their business by helping with customer service and seeing deeper into their business with real-time analytics. Creating this integration is part of our goal to bring new and needed technology to our brokers,” said David Reid, CEO of Ease.

AgencyBloc and Ease work together to give insurance brokers greater control and efficiency in benefits enrollment, employee and individual tracking, policy management, and commissions processing. To learn more about the integration, click here.

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About AgencyBloc: AgencyBloc, the #1 Agency Recommended Management System, is an agency management system that helps life and health insurance agencies secure and grow their business with an industry-specific CRM, commissions processing, and integrated business and sales automation. For more information, contact AgencyBloc at 866-338-7075 or info@agencybloc.com.

About Ease: Ease is an online benefits enrollment system built for insurance brokers and employers. Ease makes it simple to set up and manage benefits, onboard new hires, stay compliant, and offer employees one destination for all their human resources information. Started in 2012 in San Francisco by employee benefits veteran David Reid and web and engineering architect Courtney Guertin, Ease works with insurance brokers and small businesses to create seamless HR and benefits processes on an easy-to-use system. Ease has offices in Las Vegas, New York, Omaha and San Diego. In 2015, Ease was launched on the West Coast and is among the most widely adopted, fastest growing solutions for brokers and employers in the area, with more than 70,000 employers and over 2 million employees. For more information, head to http://www.ease.com.

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“We realized that we needed to empower our advisors and brokers with a modern experience, including new digital tools to more effectively and efficiently serve customers.” –Glenn Hymers, President & CEO of FaithLife Financial

MONTRÉAL (PRWEB)
October 20, 2020

Breathe Life, the enterprise SaaS platform provider for the life insurance industry, today announced that FaithLife Financial has signed a long-term deal establishing the Breathe Life platform as its core distribution platform for financial-services products. A Canadian insurance and investment organization, FaithLife Financial selected the Breathe Life enterprise distribution platform to enhance and future-proof digital distribution of its products and services.

FaithLife Financial conducted a comprehensive competitive analysis of insurance technology companies, including head-to-head feature comparisons, before tapping Breathe Life as its digital distribution engine. Understanding that consumer buying habits have changed dramatically, FaithLife Financial is undertaking this digital-transformation initiative to ensure its producers have the modern, digital tools needed to effectively serve consumers today and into the future.

“Ensuring and increasing our growth opportunity required a strategic review of our organizations’ distribution processes and enabling technologies,” said Glenn Hymers, President & CEO of FaithLife Financial. “We realized that we needed to empower our advisors and brokers with a modern experience, including new digital tools to more effectively and efficiently serve customers. Breathe Life emerged from our rigorous review process as the best partner and provider for this critical digital transformation initiative.”

The Breathe Life enterprise distribution platform helps financial-services companies increase sales and speed of policy delivery while reducing operational costs. Producers benefit from the platform’s omnichannel tools to meet consumers on their own terms. Carriers across the U.S. and Canada use the Breathe Life platform to achieve a double-digit sales increase while reducing costs by almost one third.

“The insurance industry is in the midst of a mass migration to digital spurred by consumer preference for conducting business online and sent into overdrive by the pandemic,” said Ian Jeffrey, CEO of Breathe Life. “One area where this is really taking hold among carriers is in their ‘distribution’ processes, from attracting and servicing prospective customers online to engaging long-term customers with additional information, products, and services. Throughout this lifecycle, an organization’s producers need fast, data-enhanced ways to interact with clients and add value at every touchpoint. We welcome FaithLife Financial into our growing community of top insurance carriers and appreciate their trust in us to secure and accelerate their digital future.”

ABOUT FAITHLIFE FINANCIAL

FaithLife Financial is a financial services organization that provides insurance and investment solutions to help people achieve their financial goals and give back along the way. By helping people plan, protect and invest wisely, we can all live more generously. Reinvesting a portion of our corporate earnings for member benefits to strengthen individuals, families, and communities is how we pay it forward. For more information, visit faithlifefinancial.ca. You can also find us on Facebook, Twitter and LinkedIn.

ABOUT BREATHE LIFE

Breathe Life is an enterprise Software-as-a-Service, or SaaS, platform for the individual insurance industry. We provide insurers with a modern end-to-end platform that increases the speed of policy delivery and reduces operational costs for the distribution of financial security products. We believe that technology will help eliminate the financial insecurities of generations to come. Breathe Life is venture-backed by Real Ventures, Invest Quebec, Diagram Ventures and a variety of industry veteran angel investors from AXA, AIG, and RGA. Learn more about Breathe Life at breathelife.com or on our Facebook, LinkedIn, and Twitter.

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“The location where a vehicle is parked at night is important for insurance providers. Well-monitored places that can protect a vehicle from car thieves, weather damage, and vandals will help drivers pay less on insurance”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

LOS ANGELES (PRWEB)
October 20, 2020

Cheapquotesautoinsurance.com has launched a new blog post that explains how the place where the vehicle is parked during the night can affect the car insurance rates.

For more info and free quotes, visit https://cheapquotesautoinsurance.com/overnight-parking-place-car-insurance/

Drivers that apply for car insurance are very likely to be asked about the place where they park their vehicles during the night. Insurers believe that the place where the vehicle is parked at night can increase or decrease the chances for that car to be stolen or damaged. Depending on how safe an overnight parking place is considered, the price of car insurance can increase or decrease.

The most common overnight parking places are the following:

• On the street. Overnight parking on the street can be very dangerous. In this scenario, the chances for a vehicle to be damaged or stolen are quite high. Vandals and car thieves can easily operate while being protected by the night. Policyholders that have no other choice than parking their cars on the street will pay more on their premiums.
• Monitored parking lots. Instead of leaving their cars parked in places that are unprotected, drivers should consider parking in a monitored parking lot. Also, many parking lots have video surveillance that will deter most thieves from trying to steal a vehicle.
• In a garage. Garages are the best places for overnight parking. Well monitored and secured garages can drastically reduce the chances for a vehicle to be stolen, damaged by weather events, or vandalized. For these reasons, most insurance companies will apply a discount to those policyholders that keep their cars parked in a garage. In most cases, the offered discount is around 5% of the price of the policy.

For additional info, money-saving tips, and free car insurance quotes, visit https://cheapquotesautoinsurance.com/

Cheapquotesautoinsurance.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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“Online car insurance quotes will help drivers understand the insurance market. Users can easily get in touch with multiple insurance companies”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Los Angeles, CA (PRWEB)
October 19, 2020

Buying online car insurance is really easy and can save drivers with a lot of money. Many insurers encourage drivers to get coverage online and even offer small discounts to those who make an online purchase. Furthermore, drivers can compare rates online and even select the sum of money they are willing to pay. To get free car insurance quotes from the best insurers, visit http://compare-autoinsurance.org.

• 
  Have all relevant documents near when requesting quotes or buying coverage. Online users are required to provide relevant info about themselves and the vehicle(s) they want to insure. While some info like age, name, or job title is easy to remember, for some details it is recommended to have some documents nearby. Generally, insurance companies will also ask about car’s make and sub-model, including body and engine type, VIN number, ZIP code, etc.
• Use the state’s Department of Insurance website. Car insurance legislation varies by state. It is important to know it before buying coverage. Drivers should know more about the minimum state requirement, laws involving totaled or stolen cars, usage of credit score in premium’s determination, or lapsed coverage. This website can also provide more info about top local insurers and their complaint ratio. Policyholders should periodically check this website for legislation changes.
• Get online car insurance quotes from multiple websites. It is recommended to get as many quotes as possible before buying coverage. To get in touch with multiple insurance companies selling in a particular area, use a brokerage website. These websites will provide basic estimates and redirect a user to companies that sell coverage in the area, for a more complex online questionnaire.
• Do not lie to the insurance company. A client’s honesty is crucial for any insurance company. Naturally, they will check if the info provided online matches with the real data. Hiding recent traffic violations is no use since the insurance companies will investigate with authorities. Or will check the so-called for CLUE reports for claims. Lying the insurer will surely backfire and the insurer can even drop coverage. It all depends on the severity of the lie.
• Make smart selections. Insurance websites allow customers to fully customize their coverage options. They can select coverage limits, deductibles, apply for various offers (for example apply to Snapshot monitoring programs), and even customize when to pay the premiums and how. It is wise to pay-in-full, set an automatic payment method, and, if possible, bundle home with auto insurance.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://compare-autoinsurance.org

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We’re seeing safer driving habits and a reduction in claims for our customers. Those are the two primary goals, so it’s a huge win-win for us and policyholders.

BALA CYNWYD, Pa. (PRWEB)
October 19, 2020

Motor vehicle death rates in the U.S. increased by 20% in first six months of 2020 according to National Safety Council estimates. That’s despite quarantines of different degrees across the country. The Washington Post reported that as traffic decreased, “average speeds increased significantly above the posted speed limit, more than doubling in some cities.”

Recognizing the urgent need to reduce dangerous driving, Philadelphia Insurance Companies (PHLY) continues rolling out its PHLYTRAC vehicle telematics program to commercial auto customers during the pandemic. Just this month, the PHLYTRAC program reached two major milestones: Telematics devices are in over 50,000 PHLY customer vehicles, which have traveled more than 500 million miles. Watch the video to see how PHLY employees are celebrating the milestones of 50,000 vehicles and 500 million miles protected with PHLYTRAC.

Fleets with PHLYTRAC have seen a 19% reduction in loss frequency compared to PHLY policyholders not using the program. By installing these GPS tracking devices in their vehicles, organizations get real-time insights on driver behavior, allowing for safe corrections that lower the risk of driver-related accidents.

“We’re seeing safer driving habits and a reduction in claims for our customers. Those are the two primary goals, so it’s a huge win-win for us and policyholders,” commented Mark Konchan, Vice President of Risk Management Services at PHLY. “Customers don’t have to pay extra for PHLYTRAC, so it’s important we hit new milestones to increase safe driving and help our customers avoid accidents.”

PHLY covers the cost of PHLYTRAC telematics devices and monitoring solution for commercial auto customers, regardless of the account’s premium amount or fleet size. PHLYTRAC was launched in 2016 and to date, nearly 20% of PHLY’s policyholders’ vehicles are enrolled in the program. Fifty percent of the total 500 million miles protected have been logged by non-profit organizations, many of which have remained on the road to provide critical services throughout the pandemic.

“The money that we’re able to save by not having to pay for a system like that but still be able to benefit from it is wonderful. The system has been a great resource for us,” said Deanna Ferguson, Vice President of Services, Volunteers of America Southeast

Visit PHLY.com/PHLYTRAC to get PHLYTRAC for your business and to learn more.

About Philadelphia Insurance

Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. The Company is rated “A++” (Superior) by A.M. Best Company and “A+” for counterparty credit and financial strength by Standard & Poor’s. In business for over 50 years, PHLY is nationally recognized as a member of Ward’s Top 50, one of the Best Places to Work in Insurance, and one of the Healthiest 100 Workplaces in America. The organization has more than 50 offices strategically located across the United States to provide superior service. For more information, please visit http://www.PHLY.com.

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