In industry news:

Roberto Ceniceros’ latest column for Risk & Insurance addresses a new report that found claims that are denied and then paid cost significantly more than those that are initially accepted. The report, from Lockton Companies, show that 67 percent of of denied claims become paid claims within a year – claims denied and then paid cost $15,694, on average, while claims accepted and paid cost $10,153. As Ceniceros notes, “denying then approving claims increases costs 55 percent over claims paid without first getting denied.”

Read more here.

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