New York, New York-  The Office of General Counsel of the New York State Insurance Department recently issued an opinion confirming that Property and Casualty insurance claims may be paid out using prepaid debit cards. In OGC Opinion Number 09-12-01, the Office of...

If your house is damaged in a storm, the likelihood is growing that your insurance company will hand you a prepaid debit card — instead of a check — to settle your insurance claim. For insurance consumers, the growth of prepaid debit cards could mean faster, easier...

You could save upwards of $60 per indemnity claim by moving away from paper checks. That's the estimate from advocates of prepaid cards in the workers' comp system. In an effort to cut costs and disperse payments more effectively, many industries have migrated away...

Philadelphia, March 16, 2011- Those familiar with the world of workers' compensation insurance know that complexity, mainly in the form of the historical patchwork quilt of state laws regulating the industry, is the rule, not the exception. One area of particular...

Insurers and risk managers are locked in a perpetual battle against rising workers’ compensation costs. According to InsurCard, the sponsor of this report, a large carrier can save millions of dollars each year in processing expenses by utilizing reloadable debit...

Those familiar with the world of workers’ compensation insurance know that complexity, mainly in the form of the historical patchwork quilt of state laws regulating the industry, is the rule, not the exception. One area of particular difficulty is getting proper,...

Greater than 25% of U.S. Households are un-banked (no checking or savings account) or under-banked (a household member has a bank account, but still rely on alternative financial solutions such as check cashing agencies, payday loans, pawn shops, etc.). These non-bank...