February 19, 2008

PHH Arval Recovers Over $34.5 Million

ARTICLE TOOLS        | E-MailPrint RSS

Send an e-mail to colleagues Please fill out the form below to send a link to this story to your colleagues.
Your Name:	Your E-mail:
Colleagues' E-mail (Separate each address with comma):
Message: (Max. 500 chars.)
Enter the verification code as it is shown below without spaces. (Not case-sensitive) Enter Code: What's this? Image Code Verification Automated programs can't "read" the code you see in the box: only humans can. When you enter this code, it ensures that your order is going to a real person. If you don't see an image, make sure your browser is set to display images and try again. If you're not sure what the code is, make your best guess. If you're incorrect, you'll get another chance to enter a different code on the next screen. Close
CANCEL

SPARKS, MD- PHH Arval announced that in 2007 it recovered more than $34.5 million on behalf of its corporate clients through its vehicle accident subrogation program. This program is part of PHH’s comprehensive collision management services designed to help corporate fleets reduce the number and costs of vehicle crashes.    

The $34.5 million total recovery number breaks PHH’s own previous record for subrogation recovery set last year. In addition, PHH Arval: 

· Instituted multiple process improvements over the past year that significantly sped subrogation cycle time to reimburse clients for claims more quickly.

· Increased the number of claims successfully collected by 8% over the prior year.

· Recovered over 95% of all amounts it attempted to collect

· Successfully recovered 40% of its clients’ total vehicle accident-related spend, which is considerably higher than the industry average of 29%.*

*Derived from statistics from most recent study conducted by The National Association of Subrogation Professionals (NASP) in 2005. For more information about NASP, visit www.subrogation.org

[ Request more info about this product/service/company ]

Request More Info Fill out the form below to request more info regarding the company/product/service featured in the story.
* Name:	Company:
* E-mail:	Phone:
Preferred contact method: EmailPhone
I would like info on the following:
Enter the verification code as it is shown below without spaces. (Not case-sensitive) Enter Code: What's this? Image Code Verification Automated programs can't "read" the code you see in the box: only humans can. When you enter this code, it ensures that your order is going to a real person. If you don't see an image, make sure your browser is set to display images and try again. If you're not sure what the code is, make your best guess. If you're incorrect, you'll get another chance to enter a different code on the next screen. Close
CANCEL