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Method and system for identifying subrogation potential and valuing a subrogation file

  • US 7,343,308 B1
  • Filed: 09/29/2000
  • Issued: 03/11/2008
  • Est. Priority Date: 05/26/2000
  • Status: Expired due to Fees
First Claim
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1. A computerized method for identifying select ones of insurance records which possess a favorable subrogation potential, the method comprising the steps of:

  • receiving data indicative of a plurality of claims;

    automatically calculating a base score to identify select ones of the claims which demonstrate at least a given probability of expected subrogation recovery dependent upon the received data, wherein calculating a base score comprises;

    calculating a likelihood a payment will be made by a legally liable party;

    calculating a probable percentage of losses recovered through payments received from said legally liable party;

    identifying at least one economic factor pertinent to said base score;

    calculating a first adjustment dependent upon said identified at least one economic factor;

    identifying at least one collection efficiency or strategy pertinent to said base score; and

    ,calculating a second adjustment dependent upon said identified at least one collection efficiency or strategy;

    selecting claims on the basis of the base score which demonstrate at least a given probability of expected subrogation recovery dependent upon the received data;

    automatically identifying risk factors associated with the claim for each of the select claims;

    automatically scoring each of the select claims dependent upon the base scores and said identified risk factors to provide a value indicative of an expected subrogation recovery; and

    outputting the resulting value;

    wherein, the steps are employed using a computer.

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