Claims Resolution Management Corp., a Fairfax, Va.-based firm specializing in claims resolution, reports that users of e-Claims, an interactive, Web-based claims filing, processing and payment system for trusts, law firms and companies handling asbestos and other toxic torts, have achieved a 95.86% accuracy rate. Of the nearly 8,500 asbestos claims CRMC audited, less than 350 required modifications. E-Claims works by analyzing responses by certified users to questions regarding a claim and its supporting documents, comparing the claim to pre-established medical and exposure criteria, and assigning the highest categorization for which the claim is eligible. If medical submissions are required, the request is posted to a law firm-specific message board for review. As soon as the additional information is received, the offer is completed. Users can either accept or reject the offer. The company's Web site is www.claimsres.com.
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Nationwide's Sarah Jacobs shares how technology is changing the risk profiles for homeowners.
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Shikha Khetrapal, formerly COO of Vantage Insurance Partners, an insurance industry investor, spoke with Digital Insurance about hurdles that large insurance companies, investors and private equity firms encounter when integrating their acquisitions in the industry.
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Investment funds based on parametric insurance have the potential to beat cat bond returns, according to Rhodri Morris, a portfolio manager at Twelve Securis.
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The chance at a piece of strong returns has encouraged investment banks, hedge funds and debt investors to vie for contracts to fund the litigation, according to people involved in transactions.
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AITC co-founder Scott Harrison tells NAIC working group to avoid uncertain, imprecise definitions that could confuse compliance efforts.
June 29