ClaimForce Passes $150 Million Mark in Successful Insurance Rental Car Management.Largest independent multi-vendor rental car marketplace for the insurance industry levels the playing field and drives up service levels while reducing rental costs CHICAGO Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. -- ClaimForce, Inc. announced today that it has exceeded the $150 million mark in successfully managing insurance replacement rental car expenditures. This is a major milestone for the web-based, independent, multi-vendor claim service network and communication platform. Insurance replacement rental and reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. costs insurance companies $4.4 billion each year and is one of the largest service costs associated with auto claims. Prior to the ClaimForce rental solution, insurance companies were without a single solution to offer choice to policyholders, manage walk-in walk-in A new brokerage customer who simply walks into the office. Although walk-ins are generally assigned to brokers, they have the right to specify a preferred broker. customers, or track and pay for the services associated with insurance replacement rental. The ClaimForce Rental Control Manager is a network solution in which rental vendors compete for insurance claims business. By utilizing ClaimForce, the industry's largest open network of rental providers, insurance companies are assured of complete national coverage, more competitive pricing, increased service levels and reduced rental duration. In addition, insurance companies are better able to provide their policyholders with choice and adhere to adhere to verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful 2. regional and national anti-steering regulations. The ClaimForce Rental Control Manager provides insurance companies a single solution to manage the entire rental process from assignment to payment to management reporting. "Given the significant and rising costs of insurance replacement rental to the insurance industry and the ongoing consolidation of supply, the ClaimForce rental alternative is a solution whose time has definitely come," commented Stephen Stephen, 1097?–1154, king of England (1135–54). The son of Stephen, count of Blois and Chartres, and Adela, daughter of William I of England, he was brought up by his uncle, Henry I of England, who presented him with estates in England and France and Applebaum, president of ClaimForce. "ClaimForce has leveled the playing field and created a healthy, competitive marketplace for vendors while achieving critical improvements in the claim process." In recognition of the impact ClaimForce has made within its client base and specifically its contribution to the operating results of the Claim Department at a large client, ClaimForce recently received the Chairman's award for the most outstanding contribution to the success of one of the industry's fastest growing Top 50 insurance companies. "The value our solution brings is long overdue OVERDUE. A bill, note, bond or other contract, for the payment of money at a particular day, when not paid upon the day, is overdue. 2. The indorsement of a note or bill overdue, is equivalent to drawing a new bill payable at sight. 2 Conn. 419; 18 Pick. in this industry," said Dennis Dennis is a male first name derived from the Greco-Roman name Dionysius meaning "servant of Dionysus", the Thracian god of wine, which is ultimately derived from the Greek Dios (Διος, "of Zeus") combined with Nysos or Nysa (Νυσα), where the O'Mahoney, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ClaimForce. "The opportunity to regain control and improve results and policyholder Policyholder An individual who owns an insurance policy. satisfaction in this crucial part of the insurance claim process is too compelling to ignore, and is quickly being recognized by a growing number of leading carriers." About ClaimForce, Inc. ClaimForce is an online claim service network and communication platform company that enables insurance professionals to streamline the service procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and management process by improving the way they buy and manage the products and services that are needed to resolve claims. ClaimForce empowers a nationwide network of qualified Claim Service Providers and Claim Professionals to work together as one claims organization, effectively helping insurers realize significant business transformations, productivity gains and cost reduction. ClaimForce was founded in 2002 and combines more than 75 years of leadership and experience to provide the insurance industry with the high-value claims processing solutions. To learn more visit www.claimforce.com. |
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