Dynamic Weather Solutions (DWS), a provider of weather forensics for the insurance industry, has introduced its first-ever insurance claims factoring service.
Factoring involves selling of invoices to a third party company to improve cash flow and reduce debt.
The company received $100m in funds to spearhead its entry into the new service, which will also assist small and large businesses to grow and expand by filling in the gap left by traditional banks.
The new factoring service will allow roofers, restoration and other types of contracting firms to complete their projects and receive immediate payment rather than waiting on the claim from the insurance company.
David Carlson, CEO of DWS, will continue with the factoring service.
In addition, DWS has partnered with Roofing Sales to launch Ten City Tour with the National Storm Damage Center (NSDC).