Wells Fargo Bank, N.a.

Brad Stewart

Alan W Hecht

Imran Haider

Laura Lee Orcutt

Millicent Calinog

Erik Pilz

Deborah L Canale

A system includes an insurance claim processing circuit having instructions to receive an insurance claim payment request based on an insurance claim regarding an insured entity, evaluate the insurance claim payment request, receive a work progress indicator directly from a contractor device that is operated by a contractor and not the insured entity, the work progress indicator regarding a repair of an insured object associated with the insurance claim payment request, in response to determining a claim amount in the insurance claim payment request is above a predetermined threshold, generate and provide an authorization request including a request to confirm an identity of the contractor, and in response receiving a confirmation of the identity of the contractor, cause dispersal of an amount of funds based on the insurance claim payment request to the insured entity.

Systems and methods for processing multi-party insurance claim payouts

Systems, methods, and apparatuses for processing multi-party insurance claim payouts are provided. A method includes receiving, by a processing circuit, an electronic insurance claim payment request based on an insurance claim regarding an insured entity; evaluating, by the processing circuit, the electronic insurance claim payment request; and facilitating, by the processing circuit, a dispersal of an amount of funds based on the electronic insurance claim payment request to the insured entity.

Growing community of inventors

Danville, CA, United States of America

Brad Stewart