State Farm and USAA Test Blockchain Platform for Insurance Claims Process

State Farm and USAA have partnered to test a blockchain-based solution for the insurance payment process, subrogation. United States insurance giant State Farm and military-affiliated bank United Services Automobile Association (USAA) are testing a blockchain-based subrogation solution with real claims data. State farm announced the development in an official press release on May 30. The two insurance titans are using blockchain technology to automate and streamline the subrogation process in insurance claims. The platform purportedly allows them to automatically compile total payments, net the balance, and conduct […]
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