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Once upon a time, the word batch had a wonderful meaning, particularly when you remembered your sweet little gray-haired grandmother making a batch of chocolate chip cookies. Insurance companies used the word to describe how they would process their work at the end of the day. Today, batch processing is looked on as being somewhat quaint.

It hasn’t gone away, though, which is why Wednesday, Feb. 29—Leap Day to many—is being celebrated as Real Time Day for the insurance industry, sponsored by the Real Time/Download Campaign.

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