Best's Insurance Professionals and Claims Resource

Your Online Portal for Claims Industry Information

Best's Insurance Professionals and Claims Resource

Your Online Portal for Claims Industry Information



Best's Recommended Expert Service Providers

Collections and Subrogation Experts


8755 West Higgins Road, Suite 610, Chicago, Illinois 60631

Established: 1964


About Us

American Financial Management, Inc. (AFM) is one of the world's leading international debt collection firms. We are a third-generation family business location in Chicago. We provide superior client service and, through AFM's Attorney Intervention Collection Program, expedite recovery of your receivables from a time and dollar perspective. From the first day that we receive an account for collection, an in-house AFM Attorney will directly contact your insured from an on-site law office to obtain immediate payment. Our lawyers do not litigate. Rather, our attorneys solely focus on collection and account resolution, on a contingency fee basis. If we do not collect the monies owed to you, then we do not earn a fee.

Here is an overview of why our program generates a 25% higher net recovery rate:
• AFM Attorney directly handles your account from Day 1
• Insured contacted from a law office
• Stronger leverage. More payments. Faster resolution.
• Enhanced professionalism
• Thorough investigative efforts
• NO Collection = NO Fees
• 24/7 Online Reporting
• Comprehensive analysis when legal action must be considered
• Litigation Support through AFM's Attorney Network

In short, we provide attorney service at collection agency rates. In addition to recovering the monies owed to your organization, we improve the status of your receivable. When appropriate, at no cost, we draft settlement agreements that include personal guarantees, promissory notes, and/or agreed judgments upon default. We also complete thorough investigations to locate the obligor and learn about their payment capabilities, which will help you make an informed decision when responding to a settlement offer or when deciding whether to forward a claim to local counsel for possible legal action.

Based on your requirements, desires and goals, we completely customize our Attorney Intervention Collection Program for you. We are a client-focused organization. Our mission is to go above and beyond to provide a 'customer-thrill' or 'wow' experience. We handle each claim with the utmost care, in a professional and comprehensive manner, while keeping your most important needs central throughout our collection pursuit. We are results driven. We are a client-focused organization. Let us create a ‘wow’ experience for you by collecting the uncollectible!

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Services Rendered

  • Third-Party Collections - Property & Casualty (All Lines)
  • Insurance Recovery Consulting
  • Customized Collection Programs
  • Final Demand Letters
  • Early-Out Programs
  • Second Placement Audits
  • Credit Risk Assessment Services
  • Subrogation Recovery Services
  • Legal Support Services
  • Receivables Purchasing
  • Insurance Premium Collections
  • Premium Audit Recovery
  • Bankruptcy Management Services
  • Preference Claim Defense
  • MCS-90 Endorsement

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Qualifications

Founding Member of the Commercial Collection Agencies of America; Database of 1.5 Million Commercial Debtors; SOC 2 Audited; PCI DSS Compliant; Licensed; Insured; Bonded; In-House Attorneys immediately assigned to your account; Exceptional staff with extensive experience that provides unparalleled client service; Spearheaded the creation, implementation and enhancement of three Fortune 500 companies' centralized shared services debt collection programs.

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Professional Memberships

  • Commercial Collection Agencies of America (CCAofA)
  • International Association of Commercial Collectors (IACC)
  • Association of Credit and Collection Professionals (ACA International)
  • National Association of Credit Management (NACM)
  • Insurance Collection Executives (ICE)
  • National Association of Subrogation Professionals (NASP)

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Personnel Information


Barry Rosen, President

Alex Rosen, Chief Operating Officer

Bryan Yost, Director, Operations

Brian Schulman, Director, Recovery Services

Howard Schneider, Director, Business Development


Check out our Blog!

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