Monthly Archives: <span>February 2014</span>

Adjuster Toolkit

Go Figure App This mobile app promises to change the way building cost estimates are completed. The Go Figure mobile app was created by a team of estimators and the owner of a Massachusetts-based construction company who discovered that materials …

Business Moves

KKR, Sedgwick Sedgwick Claims Management Services Inc., a provider of claims and productivity management technology and services, said global investment firm KKR, together with Sedgwick’s management team, agreed to acquire majority ownership of Sedgwick for approximately $2.4 billion from its …

Why Digital Dictation Works Best

At many small insurance firms, investigators still record reports and interviews using analog devices, namely portable magnetic tape cassette recorders. As recording technology has evolved from analog to digital, however, cassette tapes and tape recorders have become harder to find, …

Before and After: Smoke Damage

CRDN was called out to clean property contents after a fire in Michigan. The items included a child’s cherished backpack that was damaged by heavy smoke from a fire in the home. CRDN carefully cleaned and restored the backpack to …

To Judicial ‘Hellholes’ and Back

California isn’t just a warm place to live, which is often the case even in winter, but it turns out the state is considered a “judicial hellhole.” The American Tort Reform Foundation issued its annual “Judicial Hellholes” report last month, …

Wisconsin Supreme Court Redefined the Boundary Lines of Occurrences

Recently the Wisconsin Supreme Court narrowed the concept of “occurrence” as defined in homeowners policies. In Schinner v. Gundrum, 349 Wis.2d 529, 833 N.W.2d 685 (2013), the court held the insured’s actions in setting up an isolated shed for a …

The Rising Score of Youth Sports Head Injury Claims

Last year, the NFL agreed to settle a concussion lawsuit filed by former players for $914 million. As concussion-related lawsuits continue to be filed against professional sports teams, equivalent claims and litigation will soon be seen in a variety of …

How to Improve the Valuation of Flooring Losses

Historically, assessing the “like kind and quality” (LKQ) attributes of floor coverings that have been damaged by flood, fire, mold or other peril, has posed many challenges. Myriad private labeling programs at the retail level also exacerbate the “accuracy” dilemma …

Traditional Insurance Products and Cyber Fraud Claims

The recent data breach incident involving Target Corp. highlights the exposure that companies, and their officers and directors, have in connection with such incidents. Among the risks present in such a scenario include these: Under the pertinent state and federal …

Minicars Score Poorly in IIHS Crash Tests

Just one of 11 minicars tested in an Insurance Institute for Highway Safety small overlap front crash test achieved an acceptable rating. The Chevrolet Spark earned an acceptable rating in the test, along with good ratings in the Institute’s four …