Is there a company that will patent its online insurance claim-settlement process?
A patent from the United States Patent and Trademark Office has been received by a company that a company that allows policyholders to settle insurance-claim disputes and lawsuits directly online with insurance companies.
This was awarded to Cybersettle Inc., for its “double-blind bid.” This is a dispute-resolution process invented by this company.
More than $50,000,000 worth of claims was settled since the company’s launch in 1998. More than 475 insurance companies are working with Cybersettle Inc., either through their third-party administrators or directly.
The Association of Trial Lawyers of America, an organization with which Cybersettle has a business relationship, named Cybersettle the “official and exclusive online settlement tool.”
Because of their excellent customer service and strategies to settle claims, they earned this title. Earning this title is a great privilege and would b e for many other companies.
Chairman Nicholas M. Brown Jr., claims, “This patent protection for Cybersettle’s dispute-resolution process is a major milestone. It will greatly aid Cybersettle in its efforts to gain increased market share for its claim-settlement process.”
Here is some terminology to be aware of when participating in the convenient program by Cybersettle:
- “maximum offers” – the absolute top number the party is willing to settle for in any given round
- “minimum demands” – round by round
- “minimum settlement amount” – 20 percent greater than the minimum demand. It thus creates the range.
When you want to settle an insurance claims settlement process, feel free to surf Cybersettle.com. Its title was earned because of its astonishing accomplishments that prevented further trouble. It will automatically give the plaintiff a fourth bonus round minimum demand, in order to try and settle the case. The insurance claims-settlement process is certainly an important one. If you want assistance with this process, go to www.Cybersettle.com.