Thursday, November 20, 2008
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Anybody on standby for the Cancun claims?
Last Post 21 Aug 2007 03:40 PM by Clayton Carr. 5 Replies.
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william cookUser is Offline
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20 Aug 2007 10:43 PM  

I am curious if the Cancun authorities  will call on the US catastrophe teams to respond to resolve what will likely be many severely damaged properties.  I also am curious about the Caymans as well.

William S Cook

Doug McbrideUser is Offline
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20 Aug 2007 11:41 PM  
Insurance procedures are different in Mexico than the US -- i have never heard of any US based adjusters working there. Thats not to say it hasn't been done though. Maybe some other adjusters on here will know better than I
Ray HallUser is Offline
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21 Aug 2007 12:39 AM  

I have never heard of any Cat Vendors working in Mexico on buildings damaged from fire , windstorm, flood. Some of the energy adjusters out of Houston will work some Oil & Gas properties, but this is spread sheet work. The underwriters are international and the large properties have the adjusters named in the policy. They do use a lot of construction consultants on the multi million type losses, but most are Architects or Structual Engineers.

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21 Aug 2007 02:16 AM  

Expect to see Crawford and CunninghamLindsey getting some of this work as they have international presence. 

When I was with CL, they had a daily property adjuster in St. Thomas.  This adjuster was expected to travel throughout the Carribean to attend to storms either by boat or plane.  CL's Mexican and Carribean adjusters would team up when the storms were big enough and I'm certain they've communicated frequently with their US operations when the need sufficed.

Jeffrey FinleyUser is Offline
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21 Aug 2007 06:23 AM  
Crawford works CAT in the Carribean, at least in the American Virgin Islands.
Clayton CarrUser is Offline
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21 Aug 2007 03:40 PM  

Enroute to Cancun, according to Oakland based Eqecat Inc. (a storm modeler company), Dean likely inflicted as much as $3B (USD) in insured losses in the Caribbean.  Eqecat suggests in their 08/20/07 press release, that the majority of the estimated insured losses will come from Jamaica.  The Eqecat estimate includes projected payouts for wind damage to homes and businesses as well as for lost business.  Another storm modeler, AIR Worldwide Corp., seemed in agreement with Eqecat estimates, but suggests the capital, Kingston, would have a higher percentage of insured losses, than the mountain protected resort area of Montego Bay.

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