Claims Resolution Management Corp., a Fairfax, Va.-based provider of asbestos claims resolution technology, reports users of e-Claims, an interactive, Web-based claims filing, processing and payment system, have achieved a 95.86% accuracy rate. Of the nearly 8,500 asbestos claims the company audited, less than 350 required modifications, and almost one-third of the corrected claims were upgraded to a higher disease category, and thus a greater settlement value.e-Claims analyzes responses by certified users to prompts and 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. Users can either accept or reject the offer.
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Larger states are more likely to have funds for prevention of natural disasters and responses to these events, says Chip Merlin, an attorney who represented Hurricane Katrina survivors.
September 11 -
Upstage, founded in 2020, recently completed a funding round with backing from Amazon, validating its customizable solution for extracting information from documents.
September 10 -
The role of tech for insurers looking to level up fraud detection.
September 10Carpe Data -
At a hearing on deposit insurance reform, Republican lawmakers concluded that only the largest banks would oppose a proposal to raise insurance for business accounts to $20 million.
September 10 -
A new report from Resilience highlights how ransomware claims are changing, the impact AI plays in these attacks and the role of vendor vulnerabilities.
September 9 -
Insurers have a chance to collaborate with OEMs
September 9Arity