Mitchell Partners with CoreLogic to Further Drive Insurance
WorkCenter Total Loss™ integrates Vehicle License Fee refunds into industry-leading
total loss software
San Diego, CA—September 15, 2011—Mitchell International, Inc., a leading provider of technology, connectivity and information solutions to the Property & Casualty claims and Collision Repair industries, today announced it is partnering with best in class information, analytics and business services provider, CoreLogic (NYSE: CLGX). 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 leading-edge 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."
Developed in conjunction with customer satisfaction and vehicle pricing expert J.D. Power and Associates, WorkCenter Total Loss is the industry's most accurate, trusted and verifiable total loss vehicle valuation solution. For more information about Mitchell and WorkCenter Total Loss™ please go to http://www.mitchell.com/workcenter/totalloss.
About CoreLogic (NYSE: CLGX)
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The company, headquartered in Santa Ana, Calif., has more than 6,500 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com.
About Mitchell International, Inc.
Mitchell International, Inc. empowers clients to achieve measurably better outcomes. Providing unparalleled breadth of technology, connectivity and information solutions to the Property & Casualty claims and Collision Repair industries, Mitchell is uniquely able to simplify and accelerate the claims management and collision repair processes.
As a leading provider of Property & Casualty claims technology solutions, Mitchell processes over 50 million transactions annually for over 300 insurance companies/claims payers and over 30,000 collision repair facilities throughout North America. Founded in 1946, Mitchell is headquartered in San Diego, California, and has 1,700 employees. The company is privately owned primarily by the Aurora Capital Group, a Los Angeles-based investment group. For more information about Mitchell, visit www.mitchell.com.
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