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The BBC quickly settled a libel claim, paying Mr. McAlpine £185,000, or nearly $300,000, and apologized for the error as a case of mistaken identity.
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Have you had trouble getting a claim paid?
The average claim paid from the fund is $2,000.
But the storm caused more than $100,000 of damage, and their insurance claim paid less than half that.
"With all of the hurdles, trying to get a claim paid can be like an Olympic event," Mr. Rosenfield said.
The suit has since been settled and the claim paid.
We won't even talk about what it takes to get a claim paid.
A comprehensive claim pays for damage that results from something other than a collision, such as fire or theft.
Claim Ratio or Benefit Cost Ratio BCR) is defined as claim paid divided by premium paid.
Administrative cost of insurance mode is calculated by deducting the claim paid from the premium paid.
Claim paid is the benefit payments made to the hospitals either by the insurance intermediary or the trust.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com