Claims Magazine April 2011
Cover Story
Business Interruption Claims
Claims professionals and risk managers alike will readily attest to the complex, sometimes frustrating nature of business interruption (BI) claims.
Departments
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Could California Crumble?
Some are already dubbing the disaster in Japan the worst (and potentially most expensive) calamity the world has ever known.
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Moody’s Discusses Earthquake’s Impact On Commercial Insurers
Commercial property and casualty insurers could take the biggest hit both in losses and credit worthiness from the earthquake in Japan, according to a Moody’s report.
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Insurance Implications For The Disasters in Japan
The global insurance and reinsurance communities are just beginning to grasp the enormity of loss from the March earthquake and tsunami in Japan.
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Speaking Of: Gaining Customer Cooperation
As any seasoned claims adjuster will tell you, interactions with claimants are sometimes baffling.
Columns
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Runaway Resturant
In mid-March, one of greater Cincinnati’s beloved floating restaurants—the Waterfront—partially broke from its moorings and floated downriver 85 yards.
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Evaluating A Risk Manager’s Performance
For companies with risk managers—whether they are full- or part-time—there remains the recurring challenge: How to accurately measure and evaluate if the risk manager is doing a good job?
Features
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Sump Pump Failures
Sump pump failures lead to substantial water losses and insurance claims that require the attention of claims representatives.
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The Law of Unintended Consequences
Insurers are the only entities who are required by law to investigate and help in the prosecution of criminals seeking to defraud the insurer.
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How a Disaster Can Endanger LEED Certification
Although claims adjusters are generally familiar with the LEED concept, few possess comprehensive knowledge of how LEED certification affects the recovery process following a disaster, such as a flood or fire.
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Pursuing Claims Against Foreign Manufacturers
One of the realities of operating in a global economy is the rising number of today’s products liability claims relating to defective products that were manufactured overseas.
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Ding Dong! The Wicked Witch Isn’t Quite Dead Yet
The history of third-party bad faith claim decisions brought under state Unfair Claims Settlement Practices statutes consists of more than three decades’ worth of roller coaster battles between plaintiffs and insurers.
