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Articles from November 2007
Thursday, November 22, 2007
Farmers Has Highest Claims Tally: Wildfire Loss Chart
By Roy @ 11:55 PM :: 324 Views :: 0 Comments :: :: Home, Fire Claims

"Nov. 21 (Bloomberg) -- Insurers led by Farmers Insurance Group reported a combined total of more than 24,000 claims from the wildfires and hurricane-force winds that struck southern California last month. Farmers, a unit of Zurich Financial Services AG, has 7,300 residential claims, spokesman Jerry Davies said. Policyholder-owned State Farm Mutual Insurance Co., the largest home insurer in California, had 5,497, including more than 400 from homes declared uninhabitable, spokesman Fraser Engerman said today. Insurers may pay between $900 million and $1.6 billion to compensate policyholders, according to an estimate from Risk Management Solutions, a catastrophe modeling firm based in Newark, California. The fire caused as many as 1 million people to flee their homes in the largest evacuation in California's history."

Click here to read the full article from Bloomberg.com.

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Tuesday, November 13, 2007
Renfroe files motion for sanctions against Scruggs, Rigsby sisters
By Roy @ 9:06 PM :: 292 Views :: 0 Comments :: :: Home

"Cry havoc and let slip the dogs of war.  The "Renfroe Dogs" continue to bark and bite.  "

The above is a quote from a Insurance Coverage Blog, You can find a link to the 12 page motion at the end of  post.  The motion for compensatory sanctions for civil contempt was filed on 11/12/2007 by E.A. Renfroe & Company, Inc. against Cori Rigsby and Kerri Rigsby. 

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Friday, November 09, 2007
Foti sues insurers over storm payouts
By Roy @ 11:00 AM :: 397 Views :: 0 Comments :: :: Home

Foti baseless accusations;

"This alleged scheme gave insurers an unjust advantage over policyholders, which they used before, during and after one of the greatest disasters this country has ever suffered, by reaping huge profits from the misfortunes of persons whom they pledged to protect from the risk of loss. I believe this unjust advantage resulted in the unjust enrichment of themselves to the detriment of the state, policyholders and commerce in Louisiana," Foti said. "But to be clear, these abuses were not new to the recent hurricanes."  quote from the nola.com article

Companies named in the suit;

  • Xactware
  • Marshall & Swift/Boeckh
  • State Farm
  • Allstate
  • USAA
  • Farmers
  • Lafayette Insurance Co
  • Travelers

Click Here to Read the article // Click here to discuss

Saturday, November 03, 2007
State Farm sues Mississippi attorney general over criminal probe
By Roy @ 9:03 AM :: 319 Views :: 0 Comments :: :: Home

State Farm's lawsuit claims Jim Hood reopened a criminal probe of the Bloomington, Illinois-based company and its employees "for the purpose of harassment" and to coerce the insurer into settling civil litigation spawned by the Aug. 29, 2005, hurricane.

State Farm says Hood agreed in January to end his office's criminal probe as part of a settlement agreement that called for the company to reopen and possibly pay thousands of policyholder claims. The company also says it paid Hood's office $5 million (€3.45 million) to cover the costs of his investigation.

Tha above comes from this International Herald Tribune article

 

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Thursday, November 01, 2007
Worley New Company Headquarters
By Roy @ 11:10 PM :: 266 Views :: 0 Comments :: :: In Your Business

As some of you know our Worley office building sustained damage during Katrina.  We had been contemplating a move to higher ground and this pushed us to make our decision a little sooner than we had planned.  We sold our former building and have been working out of rented space in Hammond, LA. 

I‘m proud to announce that the new Worley office and training complex has taken a step closer to fruition.  We have purchased a tract of land near exit 31 on I-55 North, in Hammond, Louisiana; the site has been cleared and filled and all permits secured.  We are hoping to start construction in the next week or so.  Tentative completion date for the new training center (25,000 sf +/-) is July 2007 with the administration building (12,000 sf +/-) shortly thereafter.  (We all know how schedules go)  I invite you all to stop by and see the progress when you are in the area.  Until then we will continue to run our operations and training at our temporary site in Hammond, LA (around the corner from the new site). 

Thursday, November 01, 2007
MWD Catastrophe Services, Inc.
By Roy @ 11:07 PM :: 300 Views :: 0 Comments :: :: In Your Business

MWD Catastrophe Services, Inc.

 

TO ALL:        

 

We are proud to announce that we have formed a new company that will provide quality claim service for carriers throughout the U.S.

 

MWD Catastrophe Services, Inc. joined with McAtee, Wesselman & Dennig of Cincinnati, OH to provide service to their clients in the Mid West and throughout the U.S.

 

MWD has been in business for over 25 years and has a very good base of clients and we will now provide Catastrophe Service to those carriers and others.

 

As most of you know, we believe that the adjuster is the key to a successful Cat company and without good quality adjusters working as a team; it will not succeed or grow and prosper.

 

We would welcome any of you that are looking for a company that believes that the entire company must work as a team and treat each other like we would like to be treated.

 

Please feel free to visit our web site to learn about us and if you want to join a team oriented company that respects independent adjusters and provides a quality product to our clients for a reasonable and fair fee, fill out an application and return it to us.

 

Our Operations manager, Jim Dennig or our Catastrophe Director, Dave Rolfes will respond to you.

 

Visit us at: MWDCSI.com

 

We have been a member of CADO family for many years and look forward in returning to the site that Roy provides to all for this purpose and the education of all to be better adjusters.

 

Respectfully Submitted,

 

JimLakes, RPA

President & CEO

MWD Catastrophe Services, Inc.

Tele:     513.275.1258

Fax:     866.742.1887

Email:  JLAKES@MWDCSI.COM

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