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Articles from October 2006 | Saturday, October 28, 2006 | | Claims adjusters lose big award on appeal
By Roy @ 9:54 AM :: 2905 Views :: 13 Comments ::  :: Home | From the article; "The claims adjusters who investigate property damage and negotiate settlements with insurance policyholders are not entitled to overtime pay under federal law, a federal appeals court ruled Thursday, overturning a $52.5 million damage award for about 1,700 Farmers Insurance employees. Claims adjusters' authority to decide questions of coverage and liability, assess losses and make or recommend settlements shows that they exercise "discretion and independent judgment'' in carrying out company policy, and thus are exempt from overtime, said the Ninth U.S. Circuit Court of Appeals in San Francisco. " Click here to read the full article> |
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| Tuesday, October 17, 2006 | | Insurance companies receive 200 quake-related claims
By Roy @ 6:20 PM :: 1595 Views :: 0 Comments ::  :: Home | | "Hawai'i homeowners and businesses reacted to Sunday's earthquakes by calling their insurance agents to see if they could file claims for damages ranging from spoiled food to cracked walls and collapsed carports. Insurance companies reported they'd had more than 200 claims and that the numbers were rising as people assessed damage. Still, other residents were finding out that they're homeowner insurance policies don't cover earthquakes." ... "Earthquake is considered a catastrophe like hurricanes or floods, and that isn't covered by the basic homeowner's policy," said State Farm spokeswoman Carolyn Fujioka. She said her company has about 100 earthquake policies for homes statewide and another 300 for businesses." Click here for the article> |
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| Tuesday, October 17, 2006 | | Home, auto insurers being hit with claims
By Roy @ 6:08 PM :: 1588 Views :: 2 Comments ::  :: Home | "The total so far includes nearly 2,000 just to New York Central Mutual, which has about one-third of the market share in Buffalo. Another 1,100 came in to Nationwide Mutual Insurance Co., while State Farm Mutual Insurance Co. collected about 1,500 and Allstate took in 500 reports. Already, all four insurers, as well as Liberty Mutual Group and St. Paul Travelers Cos., have sent special catastrophe teams to Buffalo with dozens of claims representatives, and designated claims from Western New York for expedited attention. Travelers and Erie Insurance even sent mobile claims headquarters - offices on wheels." Click here for the article> |
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| Thursday, October 05, 2006 | | Unsecured ladder causes fatal crash
By Roy @ 11:12 PM :: 2418 Views :: 9 Comments :: :: Home | Fellow adjusters please be sure your ladders are secured. Article information provided by Kim. From the article: "Troopers say Cetrone was driving eastbound on I-12, when a ladder flew from the bed of his pickup truck. Cars behind Certrone's started to swerve, according to State Police, and an 18-wheeler crossed the median and crashed into a Lexus traveling westbound.
Two women in the Lexus were killed, and another is severely injured. The St. Tammany Parish Coroner's office has not released their names. Click here to see photos of the accident. Click here to read article.
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| Tuesday, October 03, 2006 | | Dr. Gray's October Forecast
By Roy @ 12:31 PM :: 2068 Views :: 3 Comments ::  :: Home, Hurricanes | Dr. Gray at the Colorado State University released an updated forecast for the remaining season on 10/3/2006. The forecast reduces the numbers yet again. For the remaining season which ends on November 30th, the forecast calls for 2 Named Storms, 1 Hurricane and no hurricanes of Cat 3 or greater intensity. The following statement is made on the forecast. "We have experienced average hurricane activity through September. August was inactive, but September had above-average activity. We expect October to have below-average activity largely due to developing El Niño conditions in the central and eastern Pacific. November activity in El Niño years is very rare." Listed below are the October and November forecast. | | Read
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