Auto Insurers Aim to Streamline the Total-Loss Process with Verisk’s New Lien Check Solution
Verisk Analytics, Inc. (VRSK)
Last verisk analytics, inc. earnings: 2/18 04:30 pm
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Source: GlobeNewswire
JERSEY CITY, N.J., May 12, 2022 (GLOBE NEWSWIRE) -- Insurers can now aim to reduce the inefficiencies and challenges involved in settling total-loss vehicle claims with Lien Check, a new solution from Verisk (Nasdaq: VRSK). The tool automatically provides claim handlers with critical lender data points to streamline the total-loss process. Total-loss claims are often inefficient, as claim handlers must manually verify lienholder information and obtain payoff data, which delays settlement payments to policyholders. Lien Check provides critical lien holder data such as payoff amounts, title and registered owner information. The solution uses Verisk’s ClaimSearch® platform to automatically notify participating insurance carriers when lender data is available for a total-loss claim. “This exciting new feature will facilitate the reduction of manual processes for both carriers and lenders to help simplify, streamline and automate the total-loss process,” said Carlos Martins, sen
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News
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VRSK
Earnings
- 2/21/24 - Miss
VRSK
Sec Filings
- 4/15/24 - Form 4
- 4/12/24 - Form 144
- 4/11/24 - Form 4
- VRSK's page on the SEC website