Claims Magazine January 2012
If anyone is capable of restoring order to chaos, aside from mathematicians and economists, it is most certainly claims adjusters and their brethren.
Chances are high that 2012 will be another active hurricane season in the Atlantic if an El Niño does not develop, say forecasters at Colorado State University (CSU).
Taking into account estimated Thailand-flood losses at Swiss Re and Munich Re, Moody’s Investors Service says it expects the event to “meaningfully hit” the reinsurance industry’s fourth-quarter results.
Farmers Insurance reached a settlement to resolve a nationwide class action lawsuit.
The 13th annual WIND Conference will be held Jan. 30 through Feb. 2 in Orlando, Fla. Claims Assistant Editor Melissa Stewart recently spoke with WIND Executive Director Michelle Griffin for a preview of the many offerings available this year.
Missouri regulators have cautioned that some insurers will need to extend rebuild deadlines in order to avoid bad-faith accusations and possible legal action.
Evaluating the latest editions of the ISO commercial property causes of loss forms that contain utility services exclusions that preclude coverage for power or other utility failure that is supplied to a premises.
As 2012 beckons, odds are that somewhere on the calendar will be an off-site conference for you to attend. Here are some tips for making the most out of the experiences.
Some may call it “counting beans,” whereas others suggest that statistics are never a true guide about what is really happening. Reality lies somewhere in the middle of any audit process.
Many claims these days suggest that automotive brake failure directly contributed to an accident. For those losses where brake malfunction is a suspected cause, the claims investigator is obliged to look into the existence of evidence of brake failure.
In areas of the business like personal lines, quoting, and underwriting, carriers have embraced data and analytics to improve profitability and reduce costs. Yet, they have not applied the same approach to claims—where the vast majority of a carrier’s premium dollars are spent.
This article examines the impact of applying technology to the litigation management process, as well as examines what considerations must be met in order to reach a successful application.
This article provides a brief review of current roof covering codes, design, and selection process. It also presents a number of common construction-related defects that result in the loss of millions of dollars annually.
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