Mitchell International, Inc. announced it is partnering with information, analytics and business services provider, CoreLogic. The partnership further streamlines the total loss claims process for carriers who can now receive a Vehicle License Fee (VLF) report when a total loss valuation —either for standard auto, motorcycle, recreational or other types of vehicles — is generated through WorkCenter, Mitchell’s insurance claims processing software.
The VLF report provides information about the vehicle registration, how much of a refund exists, and the amount to be disbursed to the claimant. The VLF can be generated with a total loss valuation in California where there is a refund available for the unused portion of a year’s license fee.
"We’re proud to provide VLF reports as an enhancement to our total loss valuation solution," said Jesse Herrera, Mitchell’s senior vice president of product and customer experience. "Through this integration, we have further simplified total loss claims handling by automating the VLF refund process. This benefits our WorkCenter users by eliminating manual data process steps while ensuring accurate claims settlements."
John Cameron, vice president of sales for American Driving Records by CoreLogic, said, "As a company that has long enjoyed providing the most accurate and reliable information to help mitigate risk, we understand the claims industry’s unique needs and we’re pleased to join forces with Mitchell. Together, we will improve total loss claims processing outcomes for auto insurance carriers through an integrated claims handling process that is more efficient, accurate and complete, reducing Loss Adjustment Expense (LAE) and minimizing fraud opportunities."
More information:
Mitchell WorkCenter Total Loss
