In Your Business

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
  • Number of views: 0
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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: 3386
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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.

...

Hill Country Claims Group

  • 10 May 2017
  • Author: CADO Admin
  • Number of views: 0
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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: 3440
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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: 5573
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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: 9216
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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
  • 0 Comments
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
  • 0 Comments

"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: 10305
  • 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."

ICA, Inc. Employment Page

  • 20 September 2015
  • Author: CADO Admin
  • Number of views: 10381
  • 0 Comments

"The unpredictable nature of catastrophe claims adjusting makes staffing a challenging prospect. Labor requirements fluctuate with windstorm, flood and seismic activity, creating the necessity for an “at-will” or “as needed” adjuster work force, rather than one based on a regular, full-time schedule. Extensive travel and lengthy stays away from home are often required.

Even with that caveat, ICA is continuously searching for quality outside property adjusters and commercial adjusters. We pride ourselves on our Quality Service to our customers and their policy holders. Qualifications should include specific insurance claims adjusting experience in your field of preference and adjuster licensing in your state of residence (if required). Individuals who have a background in a closely related field, such as automobile body repair or home construction, may also be considered for claims adjusting positions. Other requirements for claims adjusting positions include outstanding organizational skills and exceptional verbal and written communication skills. Computer literacy and excellent customer service skills are necessary."

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Insurance Headlines

Best and worst auto insurance companies

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Car insurance ads on TV promise accident forgiveness, vanishing deductibles and other selling points. But those features are just a side show to the main act, which is a company’s reputation with satisfying customers after a claim is made. Money expert ...

 

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Posted: 06.20.2018

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How the Insurance Business Works, the Quick Version

Posted: 06.20.2018

and there's a time period between when those premiums come in and when you have to pay out claims to policyholders. Insurance companies can invest that money in the meantime while they're waiting to pay out claims, and essentially keep all the profits they ...

 

Fraud News: Faked Car Crash, Vacationing Doctor Claims He Saw Patients

Posted: 06.20.2018

On November 16, 2016, Diliana Legros, Aubourg’s wife, reported an accident claim to their auto insurance company. The defendants claimed that on November 12, 2016, Legros, her husband Joseph Aubourg, and two of their children, were traveling from New ...

 

Rolando ‘Roly’ Orama to Lead Claims at Combined Insurance as Senior Vice President

Posted: 06.20.2018

health and life insurance products, and a Chubb company, announced Rolando ' Roly ' Orama as the company's new Senior Vice President of Claims. Orama will be responsible for the end-to-end leadership of the company's Claims function in North America and ...

 

Rolando 'Roly' Orama to Lead Claims at Combined Insurance as Senior Vice President

Posted: 06.20.2018

Orama spent 33 years at Combined Insurance's parent company—Chubb, where he held various positions across the Claims organization. He first joined the company as a Workers Compensation Adjuster and went on to assume responsibility for the claims ...

 

Rolando 'Roly' Orama to Lead Claims at Combined Insurance as Senior Vice President

Posted: 06.20.2018

Orama spent 33 years at Combined Insurance's parent company—Chubb, where he held various positions across the Claims organization. He first joined the company as a Workers Compensation Adjuster and went on to assume responsibility for the claims ...

 

Now, you can buy insurance from your local grocery store owner

Posted: 06.20.2018

while the issuance of the policy will be by the insurance company. However, the regulator has not yet clarified about who will be responsible for the claims-settlement process. Initially, sources said that the regulator's idea is to enable individuals who ...

 

How the Insurance Business Works, the Quick Version

Posted: 06.19.2018

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Citizens considers hiking homeowners insurance rates about 8 percent

Posted: 06.19.2018

The bump is directly tied to a surge in "assignment of benefits" claims in south Florida in particular. The name comes from instances when homeowners "assign" rights to a third party to deal directly with their insurance companies to get reimbursed for ...

 

Citizens considers hiking homeowners insurance rates about 8 percent

Posted: 06.19.2018

The bump is directly tied to a surge in "assignment of benefits" claims in south Florida in particular. The name comes from instances when homeowners "assign" rights to a third party to deal directly with their insurance companies to get reimbursed for ...

 

Fraud News: Faked Car Crash, Doctor on Vacation Claims He Saw Patients

Posted: 06.19.2018

On November 16, 2016, Diliana Legros, Aubourg’s wife, reported an accident claim to their auto insurance company. The defendants claimed that on November 12, 2016, Legros, her husband Joseph Aubourg, and two of their children, were traveling from New ...

 

Windscreen insurance cover no longer free at Vero

Posted: 06.19.2018

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