Claims Management Support Tool - Claro Allocation, Tracking and Reporting System (CARTS)

August 2007

The Claro Group has developed a new generation mass tort claim management support tool and is currently deploying the tool at clients. The tool allows Claro to deliver a high quality, low-cost integrated solution that assists in managing financial, insurance and other information relating to a client's mass tort docket.

Claro Allocation, Tracking and Reporting System, or CARTS, allows clients to:

• Track and manage all case and claimant specific information in their mass tort docket;
• Centralize and standardize all reporting for their docket;
• Manage all local dockets through a centralized docket calendar;
• Track and download defense and indemnity electronically from defense counsel or client accounting systems;
• Allocate to insurance policies as appropriate (e.g., consistent with coverage-in-place settlement agreements); and
• Electronically invoice allocations to insurance carriers.

Client personnel and insurance or defense counsel can access summary and detailed financial (and other) information on-line based on pre-determined access requirements.

This tool has been deployed and results in the following benefits:

• Reduced defense costs incurred maintaining and tracking various state dockets;
• Reduced internal costs incurred standardizing and aggregating data from various separate systems;
• Reduced costs incurred for internal and external (e.g., SEC, SOX compliance, carrier) reporting;
• Improved collection cycle times; and
• Increased accuracy and transparency of mass tort management system to client, auditors, and insurance carriers.

A sample version of CARTS is available on the Claro Group web server and can be accessed by contacting Eric Kirschner at ekirschner@theclarogroup.com for a user name and password.