In Your Business

19th Annual Windstorm Insurance Conference

  • 1/15/2018 - 1/19/2018
  • Author: CADO Admin
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19th Annual Windstorm Insurance Conference
Stay Current and Connected in the Property
 Insurance Claims Industry at WIND 2018



Connect. Learn. Engage with 1,000+ Property Insurance Claims Professionals

WHY ATTEND WIND 


At WIND 2018. you'll engage and discuss current trends (like this year's hurricane season), hot topics, and recent developments in the property and windstorm insurance claims. You'll also connect with industry professionals, pick up a year's worth of CE/CLE requirements, and earn industry certifications. such as NFIP and WIND Credentials.

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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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"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: 6783
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"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."

Careers at Pitot Catastrophe Services

  • 20 September 2015
  • Author: CADO Admin
  • Number of views: 6974
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"We are constantly looking for top quality personnel to represent Pilot and our clients. As a result, we are always hiring qualified individuals."

"Due to the fact that our business is based on storm related events, all of our positions are temporary as-needed positions. Wages will vary based on the particular storm, your role and the client company you are representing."

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Insurance Headlines

US jobless claims fall as record run persists

Posted: 11.22.2017

For the week ending November 18, new claims for unemployment insurance dropped by 13,000 to 239,000 ... Analysts say under such conditions companies are reluctant to let workers go, fearing they may be hard to replace. But wage growth has remained sluggish.

 

Curacao: Insurance companies fear more uninsured cars

Posted: 11.22.2017

According to Aichel Magdalena, chairman of CBIA, insurance companies may sell a third-party insurance under the maximum price, but this will not happen because the claims burden has risen sharply since 1999. The fact that the insurance companies can now ...

 

Costly storm season will drive insurance rates higher, experts say

Posted: 11.22.2017

Of 61 companies tracked, 49 reported losses for the quarter. The cost of most claims paid by property insurers are underwritten by reinsurance — that’s insurance that the insurance carriers are required to buy — and the Florida Hurricane Catastrophe ...

 

Essex County employee accused of $7K insurance scam

Posted: 11.22.2017

"She allegedly submitted fraudulent claims to Progressive Insurance Company and Minnesota Life Insurance Company in an effort to collect reimbursement for wages she purportedly lost while out of work and/or disability she experienced due to alleged ...

 

Officials: Raleigh couple says lavish items stolen, makes fraudulent insurance report

Posted: 11.22.2017

A Raleigh couple is behind bars after being accused of filling a fraudulent claim with their insurance company. According to the NC Insurance Commissioner Mike Causey, Mitchell Hines, 52, and his wife, Malissia Hines, 46, of 8109 Satillo Lane, filed a ...

 

Hotels navigate loss-of-business claims after disasters

Posted: 11.22.2017

That means the insurance company would argue the hotel wouldn’t have made money ... the hotel owner doesn’t necessarily have access to that information to help back up a claim of business interruption. “Now to prove the income you’ve lost, it ...

 

Man accused of fraud on insurance claim

Posted: 11.22.2017

Authorities say Leininger submitted false paperwork to back his claim to Homesite Insurance for damage he said his disability equipment sustained during a lightning storm. Court documents say the company discovered that the paperwork was bogus and didn't ...

 

Man accused of fraud on insurance claim

Posted: 11.21.2017

Authorities say Leininger submitted false paperwork to back his claim to Homesite Insurance for damage he said his disability equipment sustained during a lightning storm. Court documents say the company discovered that the paperwork was bogus and didn't ...

 

Macau | Insurance claims reached MOP3.81 billion after Hato

Posted: 11.21.2017

The other one is an insurance programme requiring insurance companies to pay claims when certain levels of indicators have been reached, such as the strength of the wind and the height of the flood, and the government would pay the insurance. Ms. Man said ...

 

Macau | Insurance claims reached MOP3.81 billion after Hato

Posted: 11.21.2017

The other one is an insurance programme requiring insurance companies to pay claims when certain levels of indicators have been reached, such as the strength of the wind and the height of the flood, and the government would pay the insurance. Ms. Man said ...

 

Le Mars man charged with insurance fraud

Posted: 11.21.2017

Investigators could find no evidence supporting the existence of Slater or Northwest Medical Equipment. The investigation found that Leininger's claim was fraudulent, and the insurance company did not pay the claim.

 

Insurer told to pay Rs 35k in damages for rejecting claim

Posted: 11.21.2017

Chandigarh: The district consumer disputes redressal forum has directed New India Insurance Company to pay a Ferozepur resident a claim of Rs 1.31 lakh and Rs 35,000 as compensation. The directions came after the forum found that the insurer had rejected ...

 

Official: Some insurance companies giving wrong information to fire victims

Posted: 11.21.2017

Dave Jones said Monday some out-of-state insurance adjusters brought in by companies to help with the high volume of claims have wrongly told homeowners they have between six and 12 months. They have also erroneously told homeowners that additional living ...

 

TDCIs Tips on Selecting Contractors, Filing Insurance Claims

Posted: 11.21.2017

The Division of Insurance: Filing an Insurance Claim If your home has been damaged, call your insurance company or agent with your policy number and other relevant information as soon as possible. Cooperate fully with the insurance company, and ask what ...

 

Berkshire Hathaway Specialty Insurance Rounds out Marine Capabilities in Australia with New Contractors Plant & ...

Posted: 11.21.2017

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. BOSTON--(BUSINESS WIRE)-- Berkshire Hathaway Specialty Insurance Company (BHSI) today announced that it has introduced a new Contractors Plant ...