Claims & Subrogation
posted by TrueNorth Events on Wednesday, February 24, 2021
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Your cost of damages is increasing and recoveries are not.
We can change that and ensure you are meeting industry benchmarks.
The frequency and severity of claims have increased driven by medical costs, litigation costs, injuries, and strong plaintiffs. Aggressive claims management is necessary but often there isn't a dedicated resource to focus on claims recovery. If there is, the individual is juggling several different responsibilities including claims, safety, human resources, etc.
TrueNorth has built a partnership with Recovery Concepts & Solutions (RCS), who specializes in subrogation. Erik Stremke joined us for this webinar to detail techniques to improve your bottom line - and make sure you aren't leaving money on the table.
In this webinar, we discussed:
- Nuts and bolts off subrogation
- How you can increase your results now
- Tips to recover dollars from old and closed claims
- Industry benchmarks
On average, companies typically recover 10-15% of total dollars paid. When partnering with RCS, we have seen a 50-100% increase in recovery dollars.
Click the button below to view the recording:
Click to view the webinar recording Click here to learn more about RCS