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Last Post 06/06/2010 11:19 PM by  jlouden
The Last 20 years. Has the catastrophe losses taught us anything ?
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Ray Hall
Senior Member
Senior Member

06/02/2010 12:17 PM
    Hurricane Hugo- South Carolina 1989. Tree debris removable should have a limit of HO-3's 1990 a limit of $500.00 was in new policy.
    Orlando Hail storm 1991. Marble size hail will-will not total out comp. roofs from granule loss ?
    El Paso, TX hail storm 1991. Carriers can not lay a comp roof over a comp. roof. An old wood shingle (deck) has to be redecked (Tx. lawsuits)
    Dade Cty Florida- Andrew 1992. Ins. commish all losses must be inspected by end of October 1992(drive by inspections)
    1994 Northridge earthquake. (no one had experience)
    1995 Water seepage  taken out of the HO-3
    1999 to 2003 Mold gold hits gulf coast of TX. billions paid out on plaintiff attorneys and water sucker hype.
    2003 hurricane on East Coast. Price fixing on low ball flood estimating programs in Maryland.
    2004 Four in 04 need warm bodies. Adjuster schools pop up, 3 day license classes.
    2005 Katrina- Slabs in Ms. coast were all wave wash, no wind damage. It,s get rich time for bar tenders, and casino dealers.
    2006 Rita.. come over to TX. get rich quick. nothing to it. TV lawyers crank up
    2007 We all stave out.
    2008. we all starve until September 13, Ike, need warm bodies to go into the most claims astute claimants in the USA. Many settled by following the strict guidelines on unit prices, lifted shingle rule, not explaining ACV on fences, get in get out. Average wind claim between 3 k to 10k. Over 10,000 law suits filed in three counties. Not ONE has gone to trial, but thousands have gone to mediation and settled for over $100,000 and lawyers on BOTH sides made a fortune, because the TX, courts would not enforce "appraisal before suit" , (after the fact). The insurance companies do not believe in justice, right or wrong, or the jury system, just settle and raise the cost of insurance.
    ** Please add your own, send me a private msg. if you don,t want to use your name. Don,t tell me your name and I will not track you down.

    06/04/2010 7:51 PM
    Sorry Ray, Rita hit in 2005 and you are forgetting about Wilma in the same year. 2006 was a bust as well.
    Ol' Ghost

    06/04/2010 8:09 PM
    And, STILL!!!, the wanna-be ex-roofers/contractors/school teachers/home inspectors/etal still swallow the snake oil lines from the get rich quick 3 day adjusters schools. I think we should all pitch in some shekels for TV commercials citing the stark and economically brutal reality of our delightful little business. When we work, we work. When we don't, we really don't for extended periods of time. Here, let me be the first to throw in the hat three Chucky-Cheese tokens and a flattened dime from where the train ran over it.

    Ol' Ghost
    Life Member
    Senior Member
    Senior Member

    06/04/2010 9:49 PM
    Gustav preceded Ike in 2008.
    "Prattling on and on about being an ass with experience doesn't make someone experienced. It just makes you an ass." Rod Buvens, Pilot grunt

    06/06/2010 8:59 PM
    Posted By claims_ray on 04 Jun 2010 07:51 PM
    ....... 2006 was a bust as well.

    Not for all, hail in Arkansas, Indianapolis, and Kansas lasted a while.
    I know the voices aren't real, but sometimes they're right!

    06/06/2010 9:33 PM
    The cycles in this industry never end, suggesting the companies never learn from history. Vendors are driven by what the company demands, and by short term cash flow. Meanwhile we field grunts know that sh*t flows downhill, and we know where we stand on the food chain
    I want to die peacefully in my sleep like my grandfather, not screaming in terror like his passengers.

    06/06/2010 11:19 PM
    What about 2009? I had a shit year. In fact, the IA firms I adjusted for were sending out of state people into my back yard because volume was so low.

    I found work with a carrier in late '09, and I'm working as a CE for them now until an opportunity to be in the field presents itself.
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