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"We hope to speed the claims payment process," Mr. DuBois said.
Bermuda's global reinsurers have an excellent record for claims payment, having paid $2.5 billion in losses for the terrorist attacks on the World Trade Center in 2001 and $17 billion for losses from Hurricanes Katrina, Rita and Wilma in 2005.
About 40 states have established regulatory review panels to deal with challenges of claims payment for health insurance, but, in most states, neither the panels nor any other regulatory body has oversight on auto injury claims.
Ms. Yacich's boss, John Tesvich, 53, the president of Ameripure, said he had not filed a business claim yet and had hired a financial expert to pore over his books so the company's emergency claims payment would be thorough and airtight.
"While there is clearly a need to bring the escalating number of often-spurious claims under control, there are steps that could usefully help – for example, fixed rates of compensation and a proportion of claims payment withheld and paid direct for treatment, such as physiotherapy.
Insurers and other reinsurers dealt with Fortress in order to do businesses with the Japanese firms it represented, and because Fortress had a good reputation for claims payment.
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Before the transfer, it had made 127,000 claims payments, totalling approximately $399m.
Claims payments were 97.8percentt of premium income, less than the 104.5 percent figure of last year.
And in an effort to highlight the formality of the process, he claims payments are made "in an office".
And claims payments may well rise in the company's European runoff operations, a unit that has enjoyed improved results.
"It's a gamble," said George Von York, a public adjuster who helps business owners negotiate higher claims payments from insurers.
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