The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes—as well as underwriting, rating and insurance producer and sales issues. That’s according to a comprehensive review by Wolters Kluwer Compliance Solutions of U.S. insurers’ market conduct actions. The annual review uses public data… Continue reading Timely and Accurate Claims Processing as Top Compliance Challenge for U.S. Insurers: Wolters Kluwer Analysis
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