When service provider invoices are not paid in a timely manner, it can have a definite impact on a carrier's delivery of customer service. (Photo: Shutterstock)
I've had many discussions with service providers that revolve around cash flow and the frustration with the inefficient turnaround by carriers to pay for their services. In times of claims volume surge, service providers, such as emergency services and water mitigation firms are expected to deploy their resources efficiently, whether or not there are outstanding payments due to them from prior losses and events.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
