Insurers told to speed up bereavement claims

Q: How long will it take to read this news story?

The story "Insurers told to speed up bereavement claims" has 612 words across 18 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Insurers told to speed up bereavement claims" was covered 3 days ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 17 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23826106</li><li>URL: https://beamstart.com/news/insurers-told-to-speed-up-17325364494284</li></ul>

Financial Times 3d ago

Insurers told to speed up bereavement claims - Financial Times

Quick Summary:

Insurers could save time by using more digitised processes — such as electronic “verification of death” to avoid the need for sending paper death certificates, it said.

The watchdog said consumers could be suffering “financial loss from delayed payments” as well as “inconvenience and emotional distress from poor customer services” and “a loss of consumer trust in the insurer”.

It also found they took almost two months for whole-of-life policy claims and 20 days for “over-50” life plans.