Securely processing insurance claims can be simplified into theidea of the singular intention of paying the right amount to theright person. Claims problems arise when a claim payment is delayedfor the insured, but insurers face financial losses whensettlements are paid on fraudulent claims or to parties who are notentitled to payment.
Fraud investigations and prevention focus on preventing thoseoccurrences. Title forensics is a growing area ofinvestigative expertise which has been useful in claims management.By reviewing documents in a property title search and abstractfile, an insurer can acquire intelligence which will provide betterservice to the claimant and minimize instances of making erroneousclaims payments.
The Basics
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