Subrogation Checklist
Are you unsure if outsourcing is the right solution for your organization? Here's a checklist that can help you decide. With IRG, you can outsource all or a portion of your subrogation needs - we frequently work hand-in-hand with existing in-house departments to help them achieve their maximum efficiency and potential.
- Are you getting at least 4% back in third party recovery for every dollar spent?
- Is recovery a consistent priority that commands top-level attention? Do your claims adjusters regard it as one of their most important functions?
- Do you get regular management reports that measure in clearly defined terms what recovery is "in the pipeline" and what has been realized to date?
- Can you state that you've never lost a strong case due to time constraints, inattentiveness, or lack of aggressive pursuit?
- Have your claims adjusters had formal training in subrogation law? Are they sophisticated in identifying potential opportunities?
- Have you ever waived subrogation amounts in return for settlements because it's easier? Or without closely examining the financial trade-offs inherent in such negotiations?
- Do you wonder if you are controlling the cost of the recoveries you do make? Are you efficient?
- Have you ever abandoned a case because it involves another state jurisdiction in which your claims adjusters have no experience?
- Have you ever wondered why some claim representatives seem to get many cases with potential recovery and others never get any?
- Do you know how thoroughly you are squeezing every recovery dollar out of your claim payments?