Whilst some customers will respond to the debt recovery techniques employed by your business or a commercial debt collection agency, others need an even firmer approach to persuade them to settle outstanding invoices. This is where legal proceedings can have the best impact. Here are 6 reasons why you should outsource your debts to a legal […]
Read MoreBy Mohammad Khashefi LLB (Hons) Owners corporations and insurers in Victoria and whoever was waiting for the changes to section 18 of the Owners Corporation Act 2006 (Vic), section 18 of the Act is now changed! There is no longer a requirement for a special resolution to be passed for owners corporations to be able to commence […]
Read MoreThe team at ADC Legal are experts in Insurance Law and Debt Recovery. Our aim is to provide you with the best legal advice and quickest recovery, at a cost that is better than our competition. Simply put, our goal is to make your life easier. At ADC Legal, we foster a culture of excellence […]
Read MoreOur Director, Adam Stewart and our Customer Relationship Manager, James McGuire were in Sydney attending the Insurance ClaimsTech Summit – – the country’s leading claimstech event putting the spotlight on the latest challenges in the sector, as well as innovations and tech tools to streamline claims handling, effectively communicate with customers and achieve operational efficiency. […]
Read MoreOne of the best ways insurers can mitigate claims costs is to increase recoveries. Claims recoveries is simply collecting the cost of the claim from the at fault party. An example is when a tenant’s vehicle hits a roller door. The insurer pays for the repairs and then has to attempt to recover the repairs […]
Read MoreAs a claims recovery specialist for an insurer or TPA, I am exposed to a wide range of claim processes, systems, and procedures ( third party administrator). So, here are my recommendations for improving the efficiency of the claims recovery process. What is the Recovery of Insurance Claims? Insurance Claims Recovery is a legal phrase […]
Read MoreWith claims payouts and loss-adjustment charges accounting for up to 80% of an insurance company’s revenue, claims are the most expensive part of the business. Claims recovery is one approach to cut down on these costs. Specifically, where the insured is not at fault, recovering money from at-fault parties. For instance, suppose a truck collided […]
Read MoreIf traditional debt collection methods fail, legal action may be necessary. We will only recommend legal action at Debt Recoveries Australia if the amount owed exceeds $5,000.00 and we know the debtor or company has assets to satisfy the debt. There are a few other factors to consider, but these are the two foundations on […]
Read MoreIn this installment of the Insurance Claims Recoveries Expert Series, let’s discuss the option of outsourcing insurance claims recoveries to a debt collection expert. Why should an insurance company contract out this part of the claims process? What are the reasons for this, and what are the advantages? The main advantage, of course, is that […]
Read MoreWhen a recoverable amount arises as a result of a “not at fault” claim, insurance claims recoveries are required. For example, an insurer may pay for repairs to their insured’s vehicle. The insured is not at fault for the accident and has provided information about the responsible party. The vehicle repairs can then be recovered […]
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