Extract data from claim settlements

At the close of a claim, the carrier issues a settlement statement, the document that says exactly what it will pay and how the figure was reached. It is the last stage of the claim, after the filing and the adjuster assessment, and it is where money moves: it states the original amount claimed, the amount approved, the deductions taken, and the net payment, along with the payment method, the payment date, and the settlement status. Claimant, adjuster, and accounts-payable all read the same statement, because the net payment on it is the number that reconciles the reserve and clears the file. A settlement statement is an arithmetic close-out, and the net has to foot from the gross. On settlement STL-2026-06144 for wind and hail damage on 2026-04-30, the approved charges total $74,000: $58,000 for roof replacement, $6,400 for gutters and fascia, and $9,600 for interior water damage from the roof breach. Three deductions apply: a $5,000 wind and hail deductible, $11,500 of recoverable depreciation held back to actual cash value, and a $10,000 advance already paid to the insured. Gross $74,000 less deductions of $26,500 leaves a net payment of $47,500, split in the payment breakdown as $37,500 to the insured and $10,000 to the mortgagee Harborline Bank as loss payee. Talonic reads the settlement and returns the claim and policy header, the original claimed, approved, and net amounts, the payment method and date, and the settlement status as fields, and keeps the claim charges, the deductions, and the payment breakdown as tables that reconcile the net to the gross. A statement dated 2026-06-14 paying Meadowview Holdings LLC through Crestone Indemnity Company (NAIC 33456) by electronic funds transfer loads into an accounts-payable system so the net payment is booked from structured data. This extraction reports the figures the settlement states and does not recompute the entitlement or judge whether the payment is correct.

What gets extracted from claim settlements

How extraction works for claim settlements

Settlement statements are produced by the carrier claims system once the loss is agreed, and reach accounts-payable as a PDF or a statement of loss where the charges, the deductions, and the payment breakdown sit in separate blocks. Talonic maps the statement to the settlement schema in the Field Registry, which keeps the original claim amount, the approved amount, and the net payment amount as distinct figures so the net is always reconciled to the gross less deductions. The claim charges table itemizes the approved gross by charge type, the deductions table records each deductible, coinsurance, depreciation, or prior-advance amount with the reason it applies, and the payment breakdown table splits the net across payees such as the insured and a mortgagee, each line summing back to the net payment. The payment method and payment date are read as their own fields alongside the settlement status. Each value returns with a confidence score and a source-region pointer conforming to DIN SPEC 91491, so an accounts-payable clerk can confirm that gross charges of $74,000 less $26,500 of deductions equals the $47,500 net before booking the payment. Talonic structures the stated figures and does not recompute the settlement or judge whether it is fair.

Sample extraction

A property claim settlement statement with charges, deductions, and payee split

{
  "document_number": "STL-2026-06144",
  "document_date": "2026-06-14",
  "insured_name": "Meadowview Holdings LLC",
  "insured_address": "2200 Prairie Circle, Wichita, KS 67206",
  "policy_number": "CPP-2025-889041",
  "policy_effective_date": "2025-11-01",
  "policy_expiration_date": "2026-11-01",
  "insurer_name": "Crestone Indemnity Company",
  "insurer_naic_number": "33456",
  "coverage_type": "PROPERTY",
  "incident_date": "2026-04-30",
  "claim_description": "Wind and hail storm damaged the roof and gutters and caused interior water intrusion",
  "original_claim_amount": 79200,
  "approved_amount": 74000,
  "deductible_amount": 5000,
  "payment_amount": 47500,
  "currency": "USD",
  "payment_method": "electronic_funds_transfer",
  "payment_date": "2026-06-30",
  "settlement_status": "approved",
  "adjuster_name": "D. Marchetti",
  "producer_name": "Sunflower Insurance Partners",
  "each_occurrence_limit": 750000,
  "notes": "Recoverable depreciation of 11,500 USD payable on proof of completed repairs",
  "claim_charges": [
    {
      "charge_type": "repair",
      "charge_description": "Roof replacement",
      "charge_amount": 58000,
      "currency": "USD"
    },
    {
      "charge_type": "repair",
      "charge_description": "Gutters and fascia",
      "charge_amount": 6400,
      "currency": "USD"
    },
    {
      "charge_type": "repair",
      "charge_description": "Interior water damage",
      "charge_amount": 9600,
      "currency": "USD"
    }
  ],
  "deductions": [
    {
      "deduction_type": "deductible",
      "deduction_description": "Wind and hail deductible",
      "deduction_amount": 5000,
      "currency": "USD"
    },
    {
      "deduction_type": "depreciation",
      "deduction_description": "Recoverable depreciation held to actual cash value",
      "deduction_amount": 11500,
      "currency": "USD"
    },
    {
      "deduction_type": "prior_advance",
      "deduction_description": "Advance payment already issued",
      "deduction_amount": 10000,
      "currency": "USD"
    }
  ],
  "payment_breakdown": [
    {
      "line_item": "Net indemnity to insured",
      "amount": 37500,
      "currency": "USD",
      "payment_status": "paid"
    },
    {
      "line_item": "Payment to mortgagee Harborline Bank as loss payee",
      "amount": 10000,
      "currency": "USD",
      "payment_status": "paid"
    }
  ]
}

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