FRT’s Operational Excellence: Rejected claim from administrator corrected to increase client recovery

FRT Admin
Site administrator
October 28, 2019

FRT’s Operational Excellence: Rejected claim from administrator corrected to increase client recovery

After submitting a claim on behalf of a client, FRT received a rejection letter from the claims administrator stating the submission had no recognized loss. When comparing the claim admin’s rejections to FRT’s internal recognized loss calculations, we found a discrepancy. This promoted our Case Specialist Team to take a deep dive into the data and plan of allocation for this client’s specific claim. FRT’s analysis confirmed our original recognized loss calculation of $591,666.78 where we went back to the claims administrator to challenge its assertion. Following the administrator’s analysis of our findings and the claim, they conceded the error with our findings and validated the claims.

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Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

 

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