California-based ELIOS Incorporated, a provider in lien holder notification technology for insurance and financial institutions, announced that National Flood Service Incorporated, (NFS) is the newest addition to its list of clients.
NFS will use ELIOS (www.elios.us) software and services to automate their Loss Payee Notifications process so that transactions will be sent electronically and verified instantaneously using ELIOS security data transfer technology.
This reportedly allows NFS to lower operating costs by as much as 80 percent in reference to Loss Payee Notifications.
Was this article valuable?
Here are more articles you may enjoy.
Waymo to Update Software Across Fleet After Major Power Failure
Poorer Americans Dropped Federal Flood Insurance When Rates Rose
Apollo Expands Asset-Level Risk Reviews to Reflect Impact of Extreme Weather
Marijuana’s Move to Schedule III: What it Really Means for Cannabis Insurance