What an excellent idea for covering a claimant\’s immediate and ongoing financial needs, claim severity control, and indemnification / fiduciary responsibility verification.
Too, debit type card usage can produce very rich social and economic trend data
before, during, and after a catastrophe.
They can even prove an insurer, or a claimant, is acting is good faith.
Now other insurers, in good faith, can follow suit by using available EFT and ATM, and other timely \”indemnification\” technology.
And if it works for ALE, will it work for replacement / reconstruction cost payment control?
And if it works for replacement / reconstruction cost payment control, how will loss value payments measure up to true replacement cost loss values established at an insurance agents desk?
Can the process cut out, or fine tune, the need for awkward mortgage company payment of insurance dollars & their inspection protocols that hold up those needed dollars?
Can reserves be sculptured by the process?
Can premiums be sculptered by the process?
Can actuarially reasonable anticipated profits be determined by the process?
Can carriers accounting practices be proven to be correct by the process?
Can adjusters indemnification/fiduciary claim handling conduct be proven to be correct by the process?
Real time data, based on real world [construction procedures & costs] indemnification principles, and math, can be an excellent and interesting thing…
(Ask any MSB-IntegriClaim/Allstate Ins./Pilot Claim Service representatives who have \”component\” cost data to work with, and yet distort or avoid it.)
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6-17-2006
What an excellent idea for covering a claimant\’s immediate and ongoing financial needs, claim severity control, and indemnification / fiduciary responsibility verification.
Too, debit type card usage can produce very rich social and economic trend data
before, during, and after a catastrophe.
They can even prove an insurer, or a claimant, is acting is good faith.
Now other insurers, in good faith, can follow suit by using available EFT and ATM, and other timely \”indemnification\” technology.
And if it works for ALE, will it work for replacement / reconstruction cost payment control?
And if it works for replacement / reconstruction cost payment control, how will loss value payments measure up to true replacement cost loss values established at an insurance agents desk?
Can the process cut out, or fine tune, the need for awkward mortgage company payment of insurance dollars & their inspection protocols that hold up those needed dollars?
Can reserves be sculptured by the process?
Can premiums be sculptered by the process?
Can actuarially reasonable anticipated profits be determined by the process?
Can carriers accounting practices be proven to be correct by the process?
Can adjusters indemnification/fiduciary claim handling conduct be proven to be correct by the process?
Real time data, based on real world [construction procedures & costs] indemnification principles, and math, can be an excellent and interesting thing…
(Ask any MSB-IntegriClaim/Allstate Ins./Pilot Claim Service representatives who have \”component\” cost data to work with, and yet distort or avoid it.)
rogerpoegc@yahoo.com