Claims Magazine July 2011
Cover Story
Recovering From Construction Defect Claims
In the past 10 years, more than 25 states have enacted specific builder-friendly construction defect notice and resolution statutes that may affect your subrogation claims.
Departments
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“We’ve Come A Long Way, Baby.”
As I write this, the implications of baby boomers on the verge of retirement loom large.
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AIR: Losses from May Twisters Could Reach $7B
The thunderstorms in the U.S. that struck from May 20 to May 27 may have caused between $4 billion and $7 billion in insured losses, according to catastrophe modeler AIR Worldwide.
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Industry Throws Support Behind Two Disaster-Preparedness Bills
Two industry-supported bills that would provide federal financial incentives to strengthen homes against major storms were introduced in the House the first week of June.
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Speaking Of: With Bob Khosropur, 2011 Claims Professional of the Year
On June 17, a ceremony was held for Bob Khosropur, chief claims officer of Narragansett Bay Insurance Company and this year’s Claims Professional of the Year.
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ACE Recap
Whether you missed the 15th annual America’s Claims Event (ACE) or simply want to reexperience the some of high notes, here is a glimpse into the Claims editors’ steno pads from the Big Easy.
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Mobile App Simplifies Claims Process
Farm Bureau Financial Services (FBFS) has introduced a mobile app to assist clients in managing information after an accident.
Columns
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Adjusters’ Pet Peeves
Knowing adjuster pet peeves and their hot buttons can help those who work with adjusters to foster better relationships.
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Fungi Surfaces Post-Disaster
It has been reported that a number of the people injured as a result of the Joplin tornado have been infected with a deadly fungal infection, mucormycosis.
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Understanding Disability
Adjusters and claim handlers who deal with disability claims may have to rethink some of the previous standards for what constitutes a “disability."
Features
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Stopping Power
Despite the frequency of the claims, actual malfunctions in complex brake systems are rare, although they can happen.
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Textile Restorers to the Rescue
There is no doubt that garments and other fabric items in a home have become a large and fast-growing part of a contents claim.
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Funding Litigation
Litigation financing has been around for decades in one form or another, though it has been more pervasive in recent economic times.
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Their Dirty Deeds
Fraud is on the rise and with more and more personal injury attorneys entering the marketplace, there certainly is no shortage of brazen claimants out there.
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