COLUMBIA, S.C.--Following a new study by the Insurance Research Council (IRC) which found that auto injury claims in four No Fault states have escalated at dramatically different rates, ISO has identified three key areas where software can help reduce the dramatic rise in No Fault auto insurance claims costs.
According to ISO, companies should examine procedures to combat the massive increase in fraud, control spiraling personal injury protection (PIP) costs, and determine thresholds to control payments.
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