SPARKS, MD — PHH Arval, a subsidiary of PHH Corp., announced on April 14 that for CY 2004, the company's Vehicle Accident Services division recovered more than $27 million for its clients in collision claims. In addition, the company reported that in the month of February 2005, PHH's Subrogation team recovered over $3 million for its clients – more than $400,000 more than any previous monthly PHH record. Also, according to Arbitration Forums, Inc., a provider of intercompany arbitration services:

  • For every dollar paid to Arbitration Forums in adjudicating subrogation claims, PHH recovered nearly $61. The industry average is a recovery of $30 for every dollar paid to Arbitration Forums.
  • PHH recovered 75 percent of the total dollars sought in arbitration. The industry average is 58 percent.
  • PHH won 80 percent of cases adjudicated in 2004. The industry average is 48-52 percent.
  • Originally posted on Fleet Financials