Claims Magazine-November 2005

Issue Gallery ›

  • A Poignant Recovery Lesson

    Phil Schreiner

    Everyone in the country knows the name Procter & Gamble, especially since their recent acquisition of Gillette propelled them into the spotlight as the largest consumer-products supplier in the world.

  • Industry Posts Record Profits

    staff Writer

    The U.S. property and casualty insurance industry's net income after taxes rose 29.1 percent to a record $30.9 billion in the first half of 2005, from $23.9 billion in first-half 2004.

  • ACEoSCLA Conference Concludes

    staff Writer

    The 2005 ACEoSCLA Expo+Conference adjourned last month in not-so-sunny Orlando, thanks in part to an impromptu visit from Tropical Storm Tammy.

  • Vehicle Fires Decrease

    staff Writer

    In the United States last year, the total number of reported vehicle fires fell 5 percent from the 312,000 reported in 2003 to 297,000.

  • Insurers Join Litigation Melee

    staff Writer

    The average insurance company in the United States currently faces 40 lawsuits, five of which it initiated.

  • Storms Highlight Climate Change

    staff Writer

    The hurricanes of the last two seasons are strong warnings of the increasing threat that climate change represents to insurers and their customers, according to a recent report by Ceres.

  • Adjusters Must Prepare for Property Loss Recovery

    staff Writer

    Although our focus is what risk managers need to do for property loss recovery, adjusters and claim operations need to prepare as well, especially in cases of Katrina-scale calamities.

  • Hurricanes Disrupt Businesses Nationwide

    Mikel Benton

    Although the number of displaced people from this season's hurricanes is staggering, one of the main costs facing insurers is business interruption claims.

  • Claim Manager Sells Confidential Information

    staff Writer

    A claim manager in California has been arraigned on several charges resulting from an undercover investigation, according to California Department of Insurance Fraud Investigators.

  • Geico, Google Settle Lawsuit

    staff Writer

    Although the terms of the settlement in the lawsuit brought by Geico against Google were not disclosed, most analysts are calling the decision a victory for the Internet search engine.

  • NFIP Simplifies Adjustment Process

    staff Writer

    The National Flood Insurance Program has announced that it will modify the way that it settles claims in order to expedite the response to policyholders in storm-stricken areas.

  • Commissioners Debate Cat Insurance

    staff Writer

    Insurance commissioners of several states will hold a summit in the middle of this month to develop a National Catastrophe Insurance Program.

  • CAIF Predicts Rising Insurance Fraud

    staff Writer

    Insurance swindles could raise the costs of rebuilding the areas damaged by Hurricanes Katrina and Rita, the Coalition Against Insurance Fraud warns.

  • GAO Examines SSN Restrictions

    staff Writer

    The United States Government Accountability Office has released a report on federal and state laws restricting the use of Social Security numbers.

  • DBA Offers Video Documentation

    staff Writer

    DBA Imaging is offering videotaping and scanning services for insureds who want to document valuable items and pertinent documentation.

  • King to Head LKA

    staff Writer

    Lord & King Associates, based in Chicago, has hired Quintin King to lead its newly created insurance claim advisory group.

  • Ohrnstein Establishes Symphony Advisors

    staff Writer

    Matthew Ohrnstein has launched Symphony Advisors, a firm providing services to the automobile aftermarket part industry and automobile claim organizations.

  • GAB Robins, TechHealth Ally

    staff Writer

    GAB Robins, a claim service firm, and its managed care division, MedInsights, have formed an alliance with TechHealth, a nationwide specialty network for ancillary medical services.

  • Tidwell Promoted at BSA

    staff Writer

    Courtney Tidwell was promoted to senior claim representative with Brentwood Services Administrators, a specialty insurance brokerage firm.

  • BGA Hires Brown, Harvey

    staff Writer

    Brandenburg Garver & Associates, a consultant group providing salvage services to the insurance industry, has hired Chris Brown as southeast regional manager, based in Atlanta.

  • Integro Hires Orr, Mercer

    staff Writer

    Integro, an insurance brokerage and risk management firm, has hired John Orr and Brian Mercer to serve in its San Francisco office.

  • Why Defend the Indefensible?

    Ken Brownlee

    While speaking with a local insurance company adjuster the other day, he told me that he was awaiting word on a trial in another state. I asked him about the case, and he said that it was a toss-up, but he hoped that he would win.

  • Whitaker Opens Fraud Trak

    staff Writer

    James Whitaker, a former law enforcement officer and claim executive, has established Fraud Trak, an investigative consulting firm.

  • Senate Kills All Sums Bill

    staff Writer

    A Wisconsin Senate Committee recently killed the anti-business all sums bill, a measure opposed by the American Insurance Association.

  • Catastrophe Fund Faces Questioning

    staff Writer

    The American Insurance Association has testified before a New York State Senate committee that many complex questions must be answered before the state considers implementing a catastrophe fund, something it is currently debating.

  • Post-Claim Materials

    Scott Dawson

    The current market for steel is tough worldwide, and insurance companies that deal with damage claims in this area are really feeling the pinch.

  • IBHS Updates Disaster Sites

    staff Writer

    The Institute for Business & Home Safety has revised its disaster safety web site, adding new tools and making home and business property protection information easy to find.

  • I.I.I. Provides Home Inventory Software

    staff Writer

    In order to help insureds be better prepared when it comes time to file claims, the Insurance Information Institute has placed free inventory software on its web site.

  • RMS Analyzes Terrorism Risk

    staff Writer

    Risk Management Solutions has released its Global Geocoding Platform and upgraded Global Terrorism Risk and Terrorism Scenario models.

  • LexisNexis Service Guards Copyrights

    staff Writer

    LexisNexis has launched a new service, CopyGuard, to help detect plagiarism and copyright infringement and protect intellectual property.

  • Supreme Court Overturns Verdict

    staff Writer

    Can faulty workmanship be considered an occurrence covered under a commercial general liability policy? According to a ruling by the Supreme Court in South Carolina, the answer is no.

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