U.S. claims involving bedbugs increased 50% between 2014 and 2015, from 66 to 99, according to Allianz. The insurer has already counted 70 bedbug claims through September 2016, heading for a total that could surpass the previous year's, said Larry Crotser, the chief claims officer for the insurer's Allianz Global Corporate & Specialty unit. The findings were included in a global report by the Allianz unit , which analyzed more than 100,000 corporate liability claims from roughly 100 countries paid by Allianz and other insurers between 2011 and 2016, totaling $9.3 billion. The claims involved everything from aviation to cyber security. The analysis included nearly 1,880 U.S. animal-related business liability claims, representing about 2% of all commercial claims in the study. Animal claims increased 28% between 2011 and 2015, from 287 to 365, according to Allianz. The average animal-related liability claim is about $10,400, with all animal claims totaling nearly $20 million. Bedbugs accounted for 21% of U.S.
Many medical professionals and entities have not assigned time or budget to provide copies electronically. "When an insurance company or their defense counsel require copies of the claimant's records, they can rely on a service provider such as ABI to scan, deliver, and host those documents digitally," Rezvani added. "Not to mention, digital records are delivered at a fraction of the cost and time when compared to paper records. It's truly a win-win for both the business and the environment. " For 2016, rather than generating more paper copies from original paper records, ABI scanned over 7,000,000 documents and more than half of those pages were scanned at medical provider's offices. ABI's sole corporate focus is records retrieval. That public adjusters focus, combined with ABI's commitment to innovative document management solutions raises the bar this Earth Day for companies seeking to implement powerful, paperless solutions for records retrieval, review analysis and summarization. Parviz Rezvani serves ABI as the Director of Operations California Order Entry, Field & Production. He has more than 30 years of experience in the record retrieval industry and is an integral part of ABI's transition from paper-based processing to a completely digital environment. About ABI Document Support Services ABI Document Support Services is the nation's leading provider of records retrieval and analysis technology for the insurance and legal industries.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/abi-document-support-services-urges-123000660.html