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Letter to the Editor
Monday September 16
Bluebook International to Debut B.E.S.T.Net(TM) Insurance Industry Solution to Cut Waste in Processing Claims
Responding to what the insurance industry is calling an "infrastructure and technological catastrophe," Bluebook International is introducing B.E.S.T.Net(TM), an enterprise level insurance claims solution and its portal component B.E.S.T.Central in October. Designed for use in personal lines property and casualty, workers' compensation, liability and commercial property insurance, B.E.S.T.Net(TM) and B.E.S.T.Central(TM) will:- Synchronize and automate the status of each claim in minutes
- Issue new assignments, provide updates, detail reserve specifics and communicate productivity and risk allocation
- Update pricing changes, messages, emails, documents and detect and stop overpayments with its automated auditing system.
Under the current system of handling claims, it is estimated that .11 cents of every premium dollar the insurance industry spends is on the claims process alone, representing an aggregate annual expenditure of an estimated $40 billion, not including the actual payment of the claims.
B.E.S.T.Net(TM) and B.E.S.T.Central(TM) utilize Microsoft .NET technology and enterprise level software and hardware solution to connect carriers with millions of adjusters, agents, policyholders, contractors and other vendors worldwide to share critical business data to promptly settle each claim.
For 38 years, Bluebook International and its industry standard cost guide and software solutions have provided services and solutions for nearly 250,000 industry professionals in the insurance, construction and related services industries.
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