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Insurance Business | 19 Jul 2013, 12:00 AM Agree 0
The move comes months after the broker secured a similar deal with an insurance giant to pay claims within seven days.
  • Haydn Nichols | 19 Jul 2013, 09:42 AM Agree 0
    What a load of old rubbish !
    The insurers should all be doing this for everyone it is called Good Faith and living up to their obligations under Insurance Code of Practice. Maybe other brokers already get this service and only Marsh was behind in this area??
  • Vic Broker | 19 Jul 2013, 09:53 AM Agree 0
    "... where AGCS is either the leader or 100% carrier, AGCS will confirm coverage under the policy as quickly as reasonably possible."

    Is this something new? It's good to get 50% of the agreed benefit within 7 days, but it still rests on AGCS's definition of what's "reasonably possible". Setting a deadline of 48 hours from notification to indemnity confirmation would have been a much better approach in my opinion, rather than leaving it open for interpretation.
  • Daniel | 19 Jul 2013, 04:52 PM Agree 0
    "...AGCS will confirm coverage under the policy as quickly as reasonably possible..." So what have they being doing for the past 100 years?
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