In Your Business

NC CLAIMS SERVICE - CAT CONFERENCE

  • 5/31/2018 - 6/2/2018
  • Author: CADO Admin
  • Number of views: 50
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NC CLAIMS SERVICE - CAT CONFERENCE
ATTEND OUR CATASTROPHE CONFERENCE MAY 31 – JUNE 2ND 

MEET OUR CLIENTS AND SOCIALIZE WITH OTHER ADJUSTERS

XACTIMATE CLASSES TAUGHT BY XACTIMATE, NFIP CERTIFICATION AND CE CLASSES AVAILABLE

N & C CLAIMS ~ 2018 CAT CONFERENCE N & C Claims Service along with its long-time business partner IMS have planned our annual 2018 CAT Conference this year in Sarasota, FL at the beautiful Lido Beach Resort. The CAT Conference will be held from May 30th, 2018 thru June 2, 2018. The combined company commitment for N&C Claims and IMS for 2018 exceeds 12 carriers, and attendance enhances your deployment opportunity with our Firm. You will hear directly from our clients regarding their '2018 Commitment' to our company; As well as from the owners of N&C and IMS regarding their plans for the upcoming year. We have built several CE Credits into each of the three days, including NFIP Certification. PLUS, Priceless Networking! 

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Louisiana Citizens RFP - CAT SERVICES

  • 7 February 2018
  • Author: CADO Admin
  • Number of views: 0
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Louisiana Citizens RFP - CAT SERVICES
Louisiana Citizens Property Insurance Corporation invites all qualified Applicants to submit responses in accordance with the requirements outlined in its Request for Proposals (RFP) for Catastrophe Services. 

Proposals from applicants can be submitted on any of three distinct Service Categories; 
(A) Catastrophe Claims Administration Services 
(B) Catastrophe Adjusting Services  
(C) Catastrophe First Notice of Loss Call Center Services

The deadline for submitting proposals is 4:00 PM Friday, February 16, 2018.

Sedgwick to buy rival Cunningham Lindsey

Source: BUSINESS INSURANCE HOLDINGS

  • 6 December 2017
  • Author: CADO Admin
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"Sedgwick Claims Management Services Inc. has agreed to buy London-based loss adjuster and claims management firm Cunningham Lindsey Group Ltd., the firms announced on Wednesday.


Details of the transaction, which is expected to close in 2018, were not disclosed.

David North, Sedgwick’s president and CEO, said in an interview that the transaction significantly increases the firm’s international presence.

“Cunningham Lindsey has ... gone through an amazing transformation as a company. They brought in a new leadership team at the corporate level about three years ago and they’ve done an outstanding job of getting that company in leading positions in a variety of places around the world,” he said."

Insurers ache for qualified inspectors after U.S. hurricanes

Source: Reuters

  • 11 September 2017
  • Author: CADO Admin
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(Reuters) - Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other, causing tens of billions of dollars' worth of property damage in less than two weeks.


Although insurers maintain some number of inspectors, known as claims adjusters, across the U.S. year-round, they must redeploy staff from other areas or hire contract workers to fill gaps when catastrophes like Hurricanes Harvey and Irma strike. The speed with which they can do so is critical to residents and business owners awaiting insurance payments.

Citizens: We weren't ready for major impact from Hurricane Matthew

Source: sun-sentinel.com

  • 18 June 2017
  • Author: CADO Admin
  • Number of views: 2554
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An Oct. 5 news release declared: “Citizens is ready for Hurricane Matthew, Are You?”

Months later, Citizens — with 225,000 policyholders in Broward, Palm Beach and Miami-Dade counties — revealed it was not ready to respond to a major storm in South Florida. Companies Citizens had hired to provide independent claims adjusters for post-storm damage assessments supplied far fewer adjusters than Citizens requested.

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Hill Country Claims Group

  • 10 May 2017
  • Author: CADO Admin
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Hill Country Claims Group
 Hill Country Claims Group is pleased to announce the acquisition of Advanced Property Claims of Denver, Colorado. APC is now a wholly owned subsidiary and sister company to Hill Country Claims Management. Doug Moe will remain President of APC as well as Vice President of Commercial Claims in our CAT Division. Stay tuned for more news coming soon. 

Proposed Senate bill calling for hailstorm litigation reform finds favor in insurance industry

Source: setexasrecord.com

  • 16 April 2017
  • Author: CADO Admin
  • Number of views: 2708
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AUSTIN – Texas lawmakers have filed Senate Bill 10 in an effort to pass legislation that would decrease, or halt altogether, hailstorm litigation abuse.

....

Hail litigation has spiraled out of control in Texas, mainly because of a small group of bad actors who abuse the system,” said Hancock in a statement published Feb. 13. “Senate Bill 10 will address this problem, improve transparency and protect Texas consumers from sky-high premiums without infringing on their right to make an insurance claim or sue their insurance company when it's not holding up its end of a deal.”

 

CRAWFORD & COMPANY® ACQUIRES MAJORITY INTEREST IN WEGOLOOK®, LLC

  • 6 December 2016
  • Author: CADO Admin
  • Number of views: 4661
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CRAWFORD & COMPANY® ACQUIRES MAJORITY INTEREST IN WEGOLOOK®, LLC
Atlanta, GA – December 6, 2016 – Crawford & Company® (www.crawfordandcompany.com) (NYSE: CRD-A and CRD-B), one of the world's largest independent providers of claims management solutions to insurance companies and self-insured entities, today announced the acquisition of a majority interest in WeGoLook®, LLC (WGL™ or WeGoLook), an online and mobile collaborative economy platform headquartered in Oklahoma City, Oklahoma. This strategic investment in WeGoLook will enable Crawford® to revolutionize, automate and expedite the claim handling process by utilizing a large mobile workforce for automotive and property inspections. The acquisition of 85% of the membership interests of WeGoLook by Crawford, which is subject to certain conditions, has been approved by the Board of Directors of both companies for $36.125 million and is expected to close in early January 2017. 

Crawford & Company® Launches Australia’s First National Insurance Drone Service

Crawford 7/6/16 Press Release

  • 26 July 2016
  • Author: Roy
  • Number of views: 7825
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Crawford & Company® Launches Australia’s First National Insurance Drone Service

SYDNEY (6 July, 2016) – Crawford & Company® has launched Crawford® Drone, designed to significantly improve catastrophe and operational claims management by providing real-time detail.

Darren Trot, Crawford’s national business development manager, said, “Drone technology ideally complements traditional claims assessment practices and gives us access to areas that were previously inaccessible or hazardous.”

ICAT Partners with Neon to Provide Additional Catastrophe Capacity

Source: ICAT Website

  • 26 July 2016
  • Author: Roy
  • Number of views: 0
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Partnership will allow ICAT to write additional per-risk cat capacity in the U.S. E&S market

Broomfield, CO: ICAT has teamed up with Neon, the specialist Lloyd’s insurer, to provide an additional $10 million of per-risk capacity to catastrophe-exposed commercial properties in the United States. The partnership expands ICAT’s per-risk catastrophe capacity up to $150 million.

ICAT’s partnership with Neon, along with ICAT’s comprehensive coverage, best-in-class service, industry-leading expertise and innovative product solutions, demonstrates ICAT’s commitment to continual service and product enhancements for their agents, brokers and insureds.

Insurance Jobs and Careers @ Zurich

  • 9 February 2016
  • Author: CADO Admin
  • Number of views: 0
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Our people are our most important asset. Together, we foster the continued success of Zurich in North America through collaboration and support. The value of working at Zurich is being part of an organization that offers growth opportunities, community involvement and expert training.

The above from the Zurich Career page.

New Simsol Software Database Release

  • 8 February 2016
  • Author: CADO Admin
  • Number of views: 0
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SIMSOL Software announced the release of its next generation estimating platforms cost database.

Orlando, FL (PRWEB) February 08, 2016

SIMSOL Software (Simultaneous Solutions, Inc.) announced the release of its next generation estimating platforms cost database. The new cost database named the "Simsol/Craftsman Complete Building Repair Registry" coincides with the software company's release of its Version 7 of its estimating system for property insurance adjusters and restoration contractors.



All insurers should resist dubious claims

  • 8 February 2016
  • Author: CADO Admin
  • Number of views: 0
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Shingles are something you never want to have, unless they're on the top of your house or on the outside of your law office. 

Joe Cantu is fortunate not to have shingles, at least not on his roof, but he does have cement tiles up there, and some of them apparently got damaged when the March 29, 2012 hailstorm hit his Hidalgo County home. 

Though conceding that only 8-14 tiles were damaged, Cantu nevertheless wanted his insurer, State Farm Lloyds, to replace all the tiles on his roof, ostensibly to make sure they would match. 

When State Farm told Cantu “can't do,” Cantu said “can too” and filed suit. 

Last month, a federal jury agreed with State Farm. It wasn't a difficult decision in the end, because the cost of replacing the damaged tiles was less than Cantu's deductible. 

Source: setexasrecord.com 

Jobs at Progressive Insurance - Claims

  • 23 September 2015
  • Author: CADO Admin
  • Number of views: 5462
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"Our claims representatives—whether they're in the field, at one of our service centers or on the phone—make good on our promise to get customers back on the road fast.

And whatever the role, each representative has a chance to cultivate a variety of skills."

Opportunities with Eberl

  • 20 September 2015
  • Author: CADO Admin
  • Number of views: 9367
  • 0 Comments

"Claims Associates who work with us don’t just make a living, they build a career. We’re always seeking qualified Catastrophe Adjusters, Daily Claims Adjusters and Claims Associates. We have opportunities for field and in-office personnel to handle a variety of losses.

Employment opportunities are driven by a number of factors, including weather, client needs and industry trends. New opportunities are added often — be sure to check this page regularly for open positions."

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Insurance Headlines

Robert Quinlan: Life Insurance Proceeds: Is a Single Lump Sum the Only Choice?

Posted: 04.21.2018

Your beloved one passed away few weeks ago and now it is time to submit the paperwork to claim your life insurance death proceeds. The insurance company’s claims form (just call the insurance carrier or go online for a copy) will ask for the policy ...

 

HURRICANE HARVEY: Bait shop owner’s insurance payout thwarted by a typo

Posted: 04.21.2018

He added its underwriter could easily have caught the typo by looking up Offshore Adventures on tax records or even the company's website. He also noted that TWIA had corrected minor data entry errors in the past to approve claims. The state insurance ...

 

Long-Term Care Insurance Association Releases First Analysis of 2017 Paid Claims

Posted: 04.20.2018

"Nearly one in five claims (19.7 percent) started in an assisted living facility and only 28.2 percent commenced in a skilled nursing home," Slome reports. The organization analyzed data from six leading long-term care insurance companies. The nation's ...

 

Appeals court upholds insurance records exemption

Posted: 04.20.2018

One of the programs involves mediation of residential property-insurance claim disputes, while the other involved ... policy and has been involved in a dispute with an insurance company,” said the decision, written by appeals-court Judge Clay Roberts ...

 

Insurance covers less than half of $2.3 million missing from Wake register of deeds

Posted: 04.20.2018

... attorney's office filed an insurance claim to recover the maximum amount allowed under the county's insurance policy. "On that front, it's good news," Scott Warren, the county attorney, said of the insurance company providing $1 million. "That's ...

 

A.M. Best Affirms Credit Ratings of Ansvar Insurance Limited

Posted: 04.20.2018

HONG KONG--(BUSINESS WIRE)-- A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Ansvar Insurance ... claims ratio of approximately 50%. Similar to a number of its peers, the company ...

 

Trump’s Move To Dismantle Obamacare Could Backfire And Lead To Billions In Extra Money For The Insurance Industry

Posted: 04.20.2018

“[The insurance companies have] got an extremely strong case,” University ... The federal government can still appeal the Court of Federal Claims ruling. Asked for comment, Justice Department officials said they are reviewing the case and would get ...

 

Don’t let your health insurance company cut your benefits on a whim

Posted: 04.20.2018

Nothing prohibits this practice here, leaving people vulnerable to insurance coverage changes that can have an ... patient and time spent away from work or their loved ones. Despite claims by insurers that these measures are meant to control costs, the ...

 

People's Trust Insurance CEO suing his partner's widow for $4 million he says he overpaid in 2014 buyout

Posted: 04.20.2018

For customers of two insurance companies, state regulators have made those increases even steeper than the companies sought. Why? State regulators say high costs stemming from excessive claims... Under the “hard way,” “I will ask a judge to cancel ...

 

Kerr elected Director of Federated Insurance Companies

Posted: 04.20.2018

Kerr is the President and Chief Operating Officer of Federated Insurance Companies. Kerr graduated from Central Michigan ... Special Accounts, P&C Claims and Field Services, Life and Disability, Marketing, Marketing Services and Support, ARMS, Learning ...

 

Vehicle accidents cost companies $57B in 2017

Posted: 04.20.2018

Additional findings in the 2018 Driver Safety Risk Report include: U.S. collision insurance claims remain at the highest levels ... Only 42.6 percent of companies currently mandate driver safety programs for employees in company-owned vehicle programs.

 

Florida insurance scheme defrauded million$

Posted: 04.20.2018

Court records show the fraud involving clinics in Broward, Palm Beach, and Miami-Dade counties brought in at least $23 million from ten insurance companies between 2010 ... the private sector does is run its claims through various types of algorithms ...

 

Ringleader in $23M insurance fraud lived 'lavish lifestyle' with Bentley, $64G watch and oceanfront home

Posted: 04.20.2018

... to a group of attorneys who told them they might be able to receive compensation from the insurance companies by filing insurance claims or lawsuits. The patients were also required to attend multiple visits, sometimes 15 or more, while clinic workers ...

 

ABI Document Support Services Calls Upon Lawyers & Claims Adjusters to Think ‘Paperless’ on Earth Day 2018

Posted: 04.20.2018

Any claims adjuster or law firm concerned with protecting the ... analysis and summarization. “When an insurance company or their defense counsel require copies of the claimant’s records, they can rely on a service provider such as ABI to scan, deliver ...

 

XL’s Vidovich Joins AIG’s General Insurance as Chief Claims Officer

Posted: 04.20.2018

American International Group, Inc. announced that Anthony Vidovich will join the company as chief claims officer for General Insurance, effective May 14, 2018. In this role, Vidovich will be responsible for claims governance and policy, settlement ...