Claims Magazine May 2011
Cover Story
A Crash Course In Learning
To be successful, claims representatives must be able to perform job functions with incredible competence.
Departments
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Well-Being At Work
Ah, springtime: in rushes a wave of optimism, as well as a chance to begin anew and stop looking like a pasty extra from one of the Twilight movies.
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Wash. Law Linked to Surge in Homeowners’ Claims
Homeowners’ claims costs have been climbing in Wash., and a new study conducted by the Insurance Research Council (IRC) has identified legislation passed in 2007 as the most probable culprit.
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US Storm Insured Losses Exceed $100M for March
Aon Benfield says the severe weather events resulted in 20,000 insurance claims in the Southeast and the Mississippi Valley with payouts exceeding $120 million.
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Calif. Responsible for One Fifth of US QCs in Past 3 Years
In the last three years, Calif. has seen a 9-percent increase in the number of questionable claims (QCs) reported, according to the National Insurance Crime Bureau (NICB).
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RMS Expects Japan-Quake Losses of $21-$34 Billion
Insured losses from the March 11 Japan earthquake and tsunami will likely range between $21 billion and $34 billion, including both P&C and life and health claims.
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Speaking Of: With William Teas, Executive Director, Gaylord Entertainment
In May 2010, when parts of Tennessee saw 13 inches of rain in a mere two days, the overflowing of the Cumberland River affected structures throughout Nashville.
Features
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Claims Excellence in The Big Easy
Connecting with potential resources and sharing experiences from across the country can be the difference, which is what makes America’s Claims Event essential for industry professionals who want to get ahead.
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IAs and Conflicts of Interest
An IA must recognize that all of his activities may be fully discoverable by many different parties if the matter ultimately ends up in litigation.
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Bad Faith Allegations in Commercial Claims
Unfortunately, the days of a rarity of bad faith allegations in a lawsuit vanished just as innocuously as the 2004 and 2005 hurricanes.
Columns
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Dog Bite Claims
Dogs can bite, and they do so enough to warrant the Center for Disease Control (CDC) to keep records of such occurrences.
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When Is An Adjuster’s Work Done?
Claims managers and organizations—that help manage risk for others—need to practice what they preach.
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The Triple Whammy
Had the earthquake, resultant tsunami, and nuclear disaster that occurred in Japan happened in the U.S., the vast majority of homeowners and companies suffering losses would find little help from their insurers.
