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Workers Compensation Legacy Claims

Blog Posts

4 Common Mistakes When Setting Workers’ Compensation Claim Reserves

Show me a case with a proper reserve and I will show you an adjuster who knows their claim. There...Read more

Dram Shop Claims – 4 Alerts to Deny Liability that are Often Missed

Current “dram shop” laws allow an establishment or individuals to be held responsible if a person...Read more

2 Strategies to Help Plan for the Insurance Talent Gap

One of the key challenges in 2017 related to Workers’ Compensation is how the insurance industry is...Read more

Are Legacy Claims Draining Your Reserves?

The Veritas ClaimStop! Accelerated Closure Solution is a consultative and systematic approach for the accelerated closure of legacy claims, providing immediate savings in reduced open reserves.

Our methodology is intuitive. We begin by sorting predictive data points available from most claim systems and scale each case by its “likelihood to close”. We employ disruptive tactics and strategy on all claims to break the status-quo churning and focus on closure. We engage all parties to the process: adjuster, legal counsel, medical providers, nurse, etc. We maintain an estimated closure date target and plan of action on all claims.  Our fee structure incentivizes activity to mitigate every claim until the project’s conclusion.

The Veritas ClaimStop! Accelerated Closure Solution provides:

  • A Consultative and Systematic Approach

  • Oversight or full take-over roles

  • A mitigation focus on all cases, not just "low hanging fruit"

  • An intuitive methodology

  • Monthly or quarterly reporting to track progress and adjust outlook

  • Services that are customized to the unique needs of your organization and your book of claims

  • The option for our project team to provide full adjusting roles if required

Immediate Savings

Our Accelerated Closure solution will immediately save you hard dollars in reduced open reserves. The Veritas approach has a historic rate of 49.6% closure of project claims, with an average savings of $12,476 for every closed claim.

Track Record

Veritas has a proven approach for the accelerated closure of legacy claims that supports maximum mitigation, if not closure, for all cases. 

claim handling
Contact us for a free consultation on how Veritas can accelerate the closing of your open claims and reduce outstanding reserve dollars.
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