Claims Magazine January 2005
Features
Assessing Florida's Workers' Compensation from an Excess of Loss Perspective
Over the past few years, the United States workers' compensation industry has been the subject of much contention.
Features
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An Army to Be Proud of
As the hurricane season progressed in the southern United States, the storms vied for headlines with the presidential election and the war in Iraq.
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Investigating Water Loss Origins
Water damage is costly to both homeowners and insurance companies. It is estimated that the cost of household water damage in California, alone, exceeded $500 million for 2002.
Columns
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What Is the Value Proposition?
Remember shopping for your first car? Or maybe you were looking to trade up. More than likely you asked friends, neighbors, or associates for advice.
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When in Doubt, Litigate
Every so often, even frequently, we get coverage questions that make us wonder what is wrong with people. Lose a dollar, sue. Get mad, sue. Sue to get even. Sue to get revenge. Sue, Sue, Sue.
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Is Adjusting Back in Business?
Until the early 1980s, this publication was known as Insurance Adjuster magazine. Even those of us who were independent adjusters at the time worked primarily for insurance companies and were comfortable with that title.
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Welcome to Channel 867, Adjuster Reality TV
Has the adjusting profession now arrived? Is this our 15 minutes of fame?
Departments
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PCI Suggests Changes to Background Check Model Act
Several key issues remain unresolved in the Criminal History Record Check Model Act proposed by the National Association of Insurance Commissioners, according to PCI.
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Senate Subcommittee Examines Brokerage Practices
The U.S. Senate Subcommittee on Financial Management, Budget, and International Security of the Governmental Affairs Committee recently held an oversight hearing on insurance brokerage practices.
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FEMA Grants Help Colleges Prepare for Disaster
In the past decade, disasters have affected university and college campuses with increasing frequency, according to the Federal Emergency Management Agency.
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State Farm Launches Wildfire Education, Inspection Program
State Farm has developed a homeowners' education and inspection program for policyholders residing in areas at high risk for wildfire.
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Benfield Reviews Recent Hurricane/Typhoon Season
Between Atlantic hurricanes and Pacific typhoons, the 2004 storm season generated record catastrophe losses.
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Corporate Fitness Programs Create Healthier Employees
Corporate America's investments in fitness programs for workers are beginning to pay some dividends, according to a poll of large employers conducted by the National Business Group on Health.
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Workers' Compensation Claims Continue Frequency Decline
A key market issue facing employers and workers' compensation insurers is whether the large declines in claim frequency that began in the 1990s are likely to continue.
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Silverstein Jury Determines Two Planes Equal Two Events
A Manhattan federal jury has ruled in favor of World Trade Center leaseholder Larry Silverstein, declaring that the hijacked planes that destroyed the Twin Towers count as two separate attacks for insurance purposes.
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As Fatigue Levels Rise, So Do Accident Rates
Extended-hours operations, with employees on the job outside of 7 a.m. to 7 p.m., have significantly higher rates of absenteeism and turnover.
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NOAA Records Wet, Warm Year
The year just past ranks among the top 10 wettest years on record for the contiguous United States, and was warmer than average.
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Huffert Named AIMU Chairman
Robert V. Huffert, senior vice president and manager of the Ocean Marine Department, American Re, recently was elected chairman of the American Institute of Marine Underwriters.
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Brentwood Announces Personnel Changes
Many are among the staff recently hired by Brentwood Service Administrators, based in Brentwood, Tenn.
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Caraher Joins Cozen O'Connor
Cozen O'Connor recently expanded its subrogation and recovery department in Illinois with the addition of Kevin P. Caraher.
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MS/B Names Claim Personnel
Marshall and Swift/Boeckh, a provider of building cost data and estimating technology, has promoted Jonathan Kost to vice president of claims.
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Invest Appoints New Board
Invest, recently announced the addition of three members to its board of directors.
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Plummer to Supervise EFI's Evansville Office
Engineering and Fire Investigations, a provider of environmental, engineering, fire investigation, accident reconstruction, and testing, has named Vaughn Plummer director of its Evansville, Ill. office.
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Former LA Commissioner Relates Experiences
Louisiana's former insurance commissioner, who was jailed following a conviction on seven counts of making false statements to the FBI, has written a book detailing the rise and fall of his insurance career.
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Insurance Fraud Arrest Shocks Virginia Woman
Rose M. Dismuke, of Richmond, Va., was sentenced to four months in prison after being found guilty of perjury and attempting to defraud an insurance company.
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Restaurants Slip into Potential Financial Disaster
Slips, trips, and falls by patrons and others are the most prevalent claims experienced by full-service restaurants, according to Restaurant Insurance Corp., of Greenwood Village, Colo.
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BLS Ranks Fatal Occupational Injuries
Despite an increase in fatal work injuries during 2003, that year and the previous one were the lowest ever recorded by the Department of Labor's Bureau of Labor Statistics.
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WLDI Grades Nation's Workers' Comp Programs
Eight states earned full marks for their workers' compensation programs, according to a recent study of OSHA data by Work Loss Data Institute.
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Independents Offered E&O, GL Coverage
The National Association of Independent Insurance Adjusters, based in Geneva, Ill., has launched a company to offer E&O and GL liability program.
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Meadowbrook Opens New Headquarters
Meadowbrook Insurance Group recently opened newly constructed corporate headquarters in Southfield, Mich.
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Nine Pet Peeves from 2004
What does any of this have to due with adjusters or claims? Not much, but I feel better now. And you know, not everything has to be about you.
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Adjusters Face Overwhelming Odds
As the insurance industry approaches the five-month mark from the appearance of Hurricane Charley, there is good news and bad news.
