Claims Magazine July 2011
As I write this, the implications of baby boomers on the verge of retirement loom large.
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.
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.
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.
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.
Farm Bureau Financial Services (FBFS) has introduced a mobile app to assist clients in managing information after an accident.
Knowing adjuster pet peeves and their hot buttons can help those who work with adjusters to foster better relationships.
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.
Adjusters and claim handlers who deal with disability claims may have to rethink some of the previous standards for what constitutes a “disability."
Despite the frequency of the claims, actual malfunctions in complex brake systems are rare, although they can happen.
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.
Litigation financing has been around for decades in one form or another, though it has been more pervasive in recent economic times.
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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