The Independent Mitigation and Cleaning/Conservation Network is officially open for business. The organization was created to link insurers with independently owned and operated mitigation, cleaning, and restoration companies across the country, while providing the necessary tools and training to assure mission success.

If you ask IMACC President Pat Harmon why he is doing this, his response will be, “Something new and different had to be done.” During his decade with the Property Loss Research Bureau as assistant vice president of educational and technical services, Harmon observed steady and profound changes in the business of claims. These included a shift from long-term, local, personal relationships between adjusters and service providers to centralized decisions and a growing need for broad-market consistencies. Local claim offices have all but vanished, except in the largest cities. Claim expenses have been reduced dramatically. In many cases, adjuster workloads have quadrupled, and average loss severity has far out paced inflation. At the same time, more than 30,000 independent agents either have closed their doors or have been absorbed by larger agencies. Fragmented local claim marketplaces are coalescing into a giant national market.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.