HomeNews & IdeasNewsWhat Now? Navigating Climate Risk in the New Normal

What Now? Navigating Climate Risk in the New Normal

Hurricane Milton just struck Florida causing widespread damage, and in the wake of Hurricane Helene, insurance carriers face a major challenge: processing a surge of claims quickly and accurately. VeracityID™’s idFetch™ offers carriers a proactive solution to streamline this process. By encouraging policyholders to document their property’s interior and exterior before the storm hits, carriers gain access to accurate, time-stamped evidence of the property’s pre-loss condition. This ensures faster damage verification, reducing errors and disputes, and ultimately making the entire claims process more efficient.

For carriers, the ability to quickly assess and validate claims is crucial in high-pressure post-catastrophe scenarios. With idFetch™, insurers can significantly cut down on time-consuming investigations, leading to quicker decisions and reducing backlogs. Having a clear, reliable record of the property helps claims adjusters focus on assessing the actual damage caused by the storm, rather than questioning pre-existing conditions. This not only improves workflow efficiency but also enhances the carrier’s ability to allocate resources where they are needed most.

While idFetch™ primarily serves carriers by boosting claims accuracy and speed, it also provides an important secondary benefit: faster payments to policyholders. By reducing claim delays, homeowners receive the financial support they need to begin repairs and recovery sooner. This helps build stronger relationships with customers, showing them that their insurer is there when it matters most. In times of crisis, having the right tools makes all the difference – and idFetch™ ensures carriers stay efficient, accurate, and customer-focused.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

Stay in touch
Sign up for VeracityID emails to be the first to see new content and news.