Subrogation is the process by which your insurance company seeks financial reimbursement for claims it paid out but wasn’t financially responsible for. For example, if you were in a car accident but ...

U.S.-based insurance company State Farm is testing a blockchain-based solution to speed up the subrogation process for auto claims, according to an announcement published Dec. 10. State Farm is a ...

“Settling a subrogation payment may be a lengthy, complicated process. The various parties (e.g., parties at fault in a vehicle collision, owners of the vehicles, insurers, etc.) may need to exchange ...

IN BUDGET-CONSCIOUS TIMES MANY COMPANIES MISS the opportunity to recover hundreds and thousands of dollars each year through the subrogation process—filing claims against third parties responsible for ...

Once reversible subrogation candidates are identified, a process to reverse the subrogation payment may be initiated. “Accordingly, the present disclosure provides a method for identifying reversible ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has ...

FORT WORTH, Texas--(BUSINESS WIRE)--One of the more drawn-out parts of the insurance claims process has become simpler and faster with the help Property Damage Appraisers’ Web-based photo damage ...

The current trend of large companies looking to incorporate blockchain is still in its infancy. Mainstream mammoths across the board are finding ways to incorporate the technology to fit their ...

State Farm and USAA have partnered to test a blockchain-based solution for the insurance payment process, subrogation. The two insurance titans are using blockchain technology to automate and ...