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Insurance subrogation and property salvage are two of the most overlooked revenue streams in the industry. More than 15% of all claims are closed with a missed subrogation opportunity, at a cost of $15 billion dollars annually. On top of that, studies have shown that between 34% and 38% of all collision claims are closed with an improper assessment of comparative negligence, while benchmarking studies have found that subrogation recoveries are made on only a fraction of those claims, again costing insurers and their policyholders billions of dollars a year. This recovery gap is the variant opportunity for improvement that carriers can expect when they utilize our propriety methodology.
Salvage opportunities abound for property insurers, who often close claims without ever attempting to move salvage to market. We can help, with our national and international network of salvors who can turn damaged property into a new revenue stream for your organization!
With nearly fifty years of industry leadership, our executive team has implemented a process with guaranteed bottom line results. Our Six Sigma and Lean expertise enables us to quickly identify organizational gaps and customize solutions to maximize your bottom line. We are so confident that will find you money that our fee structure is such that if we don't find any, we don't get paid. This is a win/win situation for all involved, as carriers can free up much needed resources to focus on other aspects of claims handling while we find money from a wide array of sources.
Our predictive modeling has been used by carriers large and small to identify claims where subrogation was overlooked. In one case study, our client used this process and identified $24 million dollars in missed recovery opportunities; claims closed by adjusters that were never referred to subrogation.
Other clients focus on our industry leading debt collection and skip tracing abilities to collect money on the most difficult claims. From uninsured motorists and double dips to restitution and judgments, we find money where others simply give up.
Our client's rank among the world's largest and most respected, working with us to maximize their bottom lines, often with NO NEW MONEY out of pocket!. By providing our clients with workflow analysis and predictive modeling, we are able to identify missed opportunities accounting for billions of dollars in lost revenue annually. To learn more, contact us at (904) 742-9031 or e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
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