Colonial Claims expands in Florida with first acquisition in 2021

Source: Colonial Claims Press Release

CADO Admin

DUNEDIN, FL; February 03, 2021:Colonial Claims LLC, one of the nation’s largest independent insurance claims service companies, has acquired Tampa area business Premier Adjusting and Catastrophe Services, Inc., a full-service first and third-party claims handler for residential and commercial losses.

The move strengthens Colonial’s daily claims business and introduces appraisal and TPA services to its growing lines of business, while giving Premier access to additional resources to support its growth, including Colonial’s robust in-house adjuster training center.

 


Commissioner Donelon Reminds Policyholders They Are Subject to Only One Hurricane Deductible Per Season

10/8/2020 Louisiana DOI Press Release

CADO Admin

Louisiana Insurance Commissioner Jim Donelon is reminding policyholders affected by Hurricane Laura and who may be affected by Hurricane Delta that the single season named-storm/hurricane deductible law prohibits a homeowner from paying more than one named-storm/hurricane deductible in the same hurricane season.


WORLEY CLAIMS SERVICES ANNOUNCES NAME CHANGE TO ALACRITY SOLUTIONS TO REFLECT STRATEGIC GROWTH AND INNOVATION

CADO Admin

"Fishers, IN – March 10, 2020 – Worley Claims Services LLC, a recognized leader in providing insurance claims services in North America, announced the launch of a new company brand and name to Alacrity Solutions Group effective immediately. The change reflects the company’s broader commitment and its expertise in providing innovative claims management services in the property, auto and casualty claim marketplace."


Texas Department of Insurance Commissioner’s Bulletin # B-0008-20

Re: COVID-19: Suspension of certain licensing requirements and fees

CADO Admin

The below is from the bulletin.

March 24, 2020

To:   All TDI-regulated carriers, agents, adjusters, and licensees

Re:   COVID-19: Suspension of certain licensing requirements and fees

On March 13, 2020, Governor Greg Abbott issued a disaster declaration in response to the COVID-19 pandemic. The Governor authorized the use of all available state and local government resources necessary to cope with the disaster.

TDI expects carriers to work with their policyholders as they prepare for and respond to the spread of COVID-19. Carriers should look to the Governor’s ongoing declarations related to COVID-19 for guidance on how long to extend relief.


TWIA Policy Changes effective 1/2020

CADO Admin

All new and renewal TWIA policies with an effective date on or after January 1, 2020 will include updated coverages, terms, and conditions. Many of the changes are a result of recent revisions to the Texas Insurance Code by the Texas Legislature.


"The above is from the TWIA website"


NOAA 2019 Atlantic Hurricane Season Outlook

Issued: 23 May 2019

CADO Admin
2019 Atlantic Hurricane Season Outlook: Summary

a. Predicted Activity

NOAA's outlook for the 2019 Atlantic Hurricane Season indicates that a near-normal season has the highest chance of occurring (40%), followed by equal chances (30%) of an above-normal season and a below-normal season. See NOAA definitions of above-, near-, and below-normal seasons. The Atlantic hurricane region includes the North Atlantic Ocean, Caribbean Sea, and Gulf of Mexico

Insurance Adjuster Act

California Senate Bill 240

CADO Admin
SB 240, as amended, Dodd. Insurance Adjuster Act. Existing law creates the Department of Insurance, headed by the Insurance Commissioner, and prescribes the department’s powers and duties. Existing law, the Insurance Adjuster Act, sets forth various requirements with respect to operation as an insurance adjuster in this state and prohibits a person from engaging in a business regulated by the act, or acting or assuming to act as, or representing themselves to be, an insurance adjuster unless the person is licensed under the act. Existing law also prohibits a person from falsely representing that the person is employed by a licensee. Existing law exempts a person from the requirements of the Insurance Adjuster Act if the person...

U.S. hit with two billion-dollar disasters so far in 2019

Source: NOAA

CADO Admin

"The so-called bomb cyclone that brought heavy snow, blizzard conditions and major flooding to the Midwest in March landed with a resounding meteorological “ka-boom!” and became one of two billion-dollar weather and climate disasters this year.

The other was a severe storm that struck the Northeast, Southeast and Ohio Valley in late February."

The above is from the NOAA article, follow the Read More link for the article.


EXTENDED RANGE FORECAST OF ATLANTIC SEASONAL HURRICANE ACTIVITY AND LANDFALL STRIKE PROBABILITY FOR 2019

Source: Department of Atmospheric Science Colorado State University

CADO Admin
"We anticipate that the 2019 Atlantic basin hurricane season will have slightly below normal activity. The current weak El Niño event appears likely to persist and perhaps even strengthen this summer/fall. Sea surface temperatures averaged across the tropical Atlantic are slightly below normal, and the far North Atlantic is anomalously cool. Our Atlantic Multi-decadal Oscillation index is below its long-term average. We anticipate a slightly below-average probability for major hurricanes making landfall along the continental United States coastline and in the Caribbean. As is the case with all hurricane seasons, coastal residents are reminded that it only takes one hurricane making landfall to make it an active season for them....

Taming the Flaming Cats

Source: CanadianUnderwriter.ca

CADO Admin

From the article;

"Among the many lessons for insurers coming out of Fort McMurray, one may be in how to handle claims caused by wildfires – a peril that insurers have predicted for some time will only get worse."


Spring Outlook: Historic, widespread flooding to continue through May

Source: NOAA

CADO Admin
From the NOAA Report; "Nearly two-thirds of the Lower 48 states face an elevated risk for flooding through May, with the potential for major or moderate flooding in 25 states, according to NOAA’s U.S. Spring Outlook issued today. The majority of the country is favored to experience above-average precipitation this spring, increasing the flood risk. Portions of the United States – especially in the upper Mississippi and Missouri River basins including Nebraska, Minnesota and Iowa – have already experienced record flooding this year. This early flooding was caused by rapid snow melt combined with heavy spring rain and late season snowfall in areas where soil moisture is high. In some areas, ice jams are...

The advantage of recruiting non-insurance workers as claims professionals

Source: canadianunderwriter.ca

CADO Admin

For independent adjusters, the need to replace retiring workers is becoming more urgent.
 

“A number of our front-line adjusters are very senior, very talented and experienced,” said Paul Féron senior vice president for Ontario and Manitoba at ClaimsPro LP. “In the next 5 to 10 years, a significant number of them will be retiring and deserve to retire. We need to be implementing proper succession planning and mentoring programs.”

Source of the above excerpt: canadianunderwriter.ca


Simsol’s Latest Build Release with the New NFIP Forms is Now Available

Source: Simsol Blog

CADO Admin

Build Release 8.1.13 is now available for Simsol’s Property Estimating Software. The most significant improvements are the multi-page functionality and the new NFIP Forms for the Preliminary and Final Reports. The National Flood Insurance Program’s updated flood claim forms for adjusters were updated to improve readability to make it easier for policyholders to understand.

Source: Simsol website


Identification of Water Damages in Adjusting Hurricane Claims for Water Losses Other Than Flood

Source: North Carolina Department of Insurance

CADO Admin

....

In adjusting hurricane damage claims for homes within the 1968-1997 applicable residential code period, it is important that the inside of the walls be checked more carefully than
newer construction to ensure that moisture hasn’t seeped into the walls that will eventually result in mold and interior wall rot. If adjusters do not look for moisture build-up trapped inside the wall, then this damage could be missed, causing mold and rot to proliferate and resulting in bigger problems for homeowners in the future.

...


A magnitude 7.0 earthquake struck north of Anchorage, Alaska on November 30, 2018 at 8:29 a.m. local time (17:29:28 UTC).

Source: Alaska Earthquake Center

CADO Admin

A magnitude 7.0 earthquake struck just seven miles north of Anchorage at 8:29am on Friday morning, at a depth of about 27 miles. The earthquake caused power outages, damage to roads and buildings, and closures of schools, businesses and government offices. The extent of the damage is not yet clear, and we are still waiting for word on whether there were any casualties.

Source of the above: Alaska Earthquake Center


2018 Atlantic Hurricane Season

From Wikipedia

CADO Admin

The 2018 Atlantic hurricane season was the third in a consecutive series of above-average and damaging Atlantic hurricane seasons, featuring 15 named storms, 8 hurricanes and 2 major hurricanes and a total of $33.3 billion (2018 USD) in damages. The season officially began on June 1, 2018, and ended on November 30, 2018. 

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