Receivables & Subrogation Recovery Experts
Insurers, Commercial Lines, Excess & Surplus Lines, General Agents,Brokers, Premium Finance Companies
We have used LEIB for over 10 years. During that time, we have compared them with other collection agencies that have professed insurance expertise. What we have found is that LEIB truly is the market leader when it comes to insurance collection recovery. Keep up the great work”. CFO- Top 10 Insurance Carrier
For over 25 years, LEIB’s Property and Casualty Insurance specialists have provided expert insurance collections handling the toughest deductible collections, bond collections, insurance subrogation and premium recovery challenges. LEIB has the knowledge, skill and insurance experience to handle insurance collection accounts with integrity and care. We do what’s needed to reduce DSO, improve cash flow and avoid losses, while protecting your brand.
Our solutions include
- First-party Collections
- Third-party collections
- Outsourcing the collection function
- Revenue Cycle Consulting
The LEIB advantage derives from our dedicated insurance unit’s understanding of the nature of issues that may lead to disputes and non-payment between insurers and policyholders and the comprehensive understanding of the policies themselves. LEIB’s insurance specialists find ways to work with our client’s policyholders to educate them on the terms of their policy, explain the policy language to them in detail and settle disputes amongst the parties.
Frozen and At-Risk Revenues
Uncovering and solving at-risk or “frozen” revenues will deliver immediate benefit to your organization, and help insure its financial health. This is what we refer to as “revenue dilution”, and we find it is common in all organizations because of staffing, process or systems issues. Leib’s Revenue Cycle Consultants can help by identifying and then engaging with dedicated, focused effort to bring in fast cash flow, and cleaning up the old receivables.
Accounts Receivable Systems
When you upgrade or replace billing, accounts receivable and accounting systems, you can face significant disruptions to operations, collections processes and cash flow, and also risk substantial write offs due to non-reconciled balances. We have both the technology and skills to get you through this challenge without incurring avoidable losses.
Accounts Receivable Projects and Outsource
Whether a clean-up project or long-term solution to manage and resolve frozen, aged accumulations of accounts receivable or to take on the “overflow” that your staff is unable to handle, we have the staff and powerful collection systems with custom collaborative workflow to interface with your systems, work queues (and staff) to almost instantly off load the excess and overflow for quick cash flow and results.
Areas of Expertise
- Unpaid Earned Premiums
- Audit Premiums, Adjustments
- Subrogation files
- Worker’s Comp Audit Adjustments
LEIB Customer Care and Collections
LEIB’s professional customer service approach translates into faster recoveries, cooperative customers and it leaves the door open for future business. Our management team has more than a century of insurance collections experience, both inside the insurance industry, and as an expert service provider This experience and commitment to the insurance field is how we represent our client interests and has resulted in the recognition our firm has earned. LEIB has also earned Expert Service Provider Status with The AM Best Company since 2007, consecutively through 2014, as well as members of NASP, IASA and The Insurance Society of Philadelphia. Please contact Carl Torban, C.O.O. by email, or at +1-856-344-4102.
We are proud to be members of industry professional associations, including
Insurance Accounting and Systems Association (IASA)
National Association of Subrogation Professionals (NASP)
Insurance Society of Philadelphia
Professional Insurance Agents (PIA)