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A debt or obligation that is legally enforceable. In relation to insurance, it's the obligation to pay a monetary sum for injury or damage that is because of negligence or a statutorily prohibited action.
Insurance Industry News from ProgramBusiness.comQuadrant for Carriers
According to Storefront Owner Quadrant Information Services, Inc http://www.programbusiness.com/tracking/sftracker.asp?SFid=186, “A carriers ability to meet todays ongoing competitive challenge is predicated on its ability to communicate across multiple channels both inside and outside the company. There is a technology available today that would permit the insurance company to have an unprecedented use of collected data in the effort to optimize underwriting profits.”
Quadrant Information Services, Inc. has been introducing new technological resources that it has developed to assure quality, accuracy and completeness for our national comparison rating, enterprise wide, light-ware point-of-sale processing services along with product and actuarial management tools. These information systems provide fast comparative rating and tracking for the sales agents along with aggregate data mining for management hungry to know more about what is happening in the field.
For more information, visit their storefront at http://www.programbusiness.com/tracking/sftracker.asp?SFid=186.
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