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Welcome to this very special edition of ITIC’s Claims Review. This is the 50th edition, with the first ever publication being released back in 1993.
Since 1993 a lot has changed, with claims getting more complex, frauds getting more sophisticated and technology playing an ever more prevalent role. However, traditional human error still remains at the core of most of the claims ITIC handles, with some of the mistakes that ITIC was helping members to deal with back in 1993 still happening today.
There is a claim from the first ever edition of the Claims Review in this edition – see if you can spot which one it is.
After all these years ITIC is still here supporting its members, whether by paying claims where an error or omission has been made, or in supporting the legal defence where an allegation has wrongfully been made against a member.
In fact, since 1992 ITIC has paid out over US$ 500 million in claims and recovered over US$ 240 million in disbursements and commissions.
We hope that you find this special edition interesting and informative.