PYMNTS-MonitorEdge-May-2024

Insurance

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

The Painful State Of Patient Reimbursements
The Painful State Of Patient Reimbursements
June 01, 2020  |  Disbursements

U.S. patients were notoriously overburdened by healthcare costs even before pandemic-related job losses added new financial strains. These high costs and long reimbursement waits often...

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Nimbla Teams With Wiserfunding To Safeguard Invoices
Nimbla Teams With Wiserfunding To Safeguard Invoices
May 31, 2020  |  B2B Payments

U.K. invoice insurance provider Nimbla is teaming up with the credit risk assessment firm Wiserfunding, according to a report in Crowdfund Insider on Friday (May...

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How Faster Disbursements Can Help Solve Patients’ Payment Pain Points
How Faster Disbursements Can Help Solve Patients’ Payment Pain Points
May 29, 2020  |  Disbursements

The United States healthcare system is notorious for burdening patients with hefty expenses — a reality that existed long before the COVID-19 pandemic turned a...

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Coronavirus Refunds: Michigan Blue Cross Blue Shield Refunds $100M As Lockdown Slashes Medical Claims
Coronavirus Refunds: Michigan Blue Cross Blue Shield Refunds $100M As Lockdown Slashes Medical Claims
May 21, 2020  |  Healthcare

As the pandemic continues to disrupt everyday life the world over, some insurers are returning funds to their customers. Blue Cross Blue Shield of Michigan...

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Bitcoin Daily: US Bank Regulator Says Licensing Crypto Firms As FIs ‘Makes Sense’; Korean Luxe Retailers Pay Rewards Via Blockchain
Bitcoin Daily: US Bank Regulator Says Licensing Crypto Firms As FIs ‘Makes Sense’; Korean Luxe...
May 11, 2020  |  Bitcoin

U.S. Office of the Comptroller of the Currency (OCC) Chief Operating Officer Brian Brooks said he thinks digital currency firms could go under a federal...

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Coronavirus Refunds: Auto Insurers Give Back Premiums; UNH Refunds $27M+ To Students
Coronavirus Refunds: Auto Insurers Give Back Premiums; UNH Refunds $27M+ To Students
April 24, 2020  |  Coronavirus

The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to...

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Deep Dive: How Insurance Fraud Hurts Both Companies And Consumers
Deep Dive: How Insurance Fraud Hurts Both Companies And Consumers
April 23, 2020  |  Fraud Prevention

The U.S. insurance industry consists of more than 7,000 companies and collects approximately $1 trillion in premiums each year. Fraudsters are eager to get their...

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Auto Insurance Premiums’ Big Digital-First Shift
Auto Insurance Premiums’ Big Digital-First Shift
April 23, 2020  |  Innovation

The coronavirus has forced a reckoning with daily financial life, with belt-tightening and budgeting. And as tens of millions of Americans stay at home, work...

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How Allstate Leverages AI To Show Insurance Fraudsters The Door
How Allstate Leverages AI To Show Insurance Fraudsters The Door
April 22, 2020  |  Fraud Prevention

Fraudulent claims in the U.S. account for more than $80 billion in payments a year, with legitimate customers paying higher premiums to make up for...

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