It’s been five years since Superstorm Sandy caused widespread devastation to the East Coast, causing an estimated $18.75 billion in insured property losses at the time, according to ISO’s Property Claim Services (PCS). In an interview with Claims Journal, Marc …
Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Weather stations and satellite images are helping to make parametric coverage an increasingly affordable and …
It’s been five years since Superstorm Sandy struck the Eastern seaboard late during the 2012 hurricane season. Recently, local city and government officials were interviewed to give their perspective on the storm in a five-year overview video created by James …
Litigation financing, distracted driving and unexpected verdicts are just some of the factors impacting commercial auto frequency and severity, according to panelists speaking at the 2017 Risk Management Summit last week. There’s been a focus on commercial auto underwriting losses …
As residents and businesses continue to recover after Hurricanes Harvey and Irma, focus is beginning to turn to mitigation. In Florida, where experts say better buildings codes resulted from Hurricane Andrew 25 years ago, analysis will include how improved codes …
In the wake of three devastating hurricanes this season, many carriers and vendors used drones and airplanes to assess structural storm damage in several states. The use of aerial imaging combined with machine learning has led to speedier claims resolution, …
Back to back hurricanes coupled with retiring, experienced personnel has created a tight adjuster job market. From emails to online jobsites, there’s no shortage of firms advertising jobs for cat adjusters in the aftermath of Harvey and Irma. A recent …
A Texas roofer has filed an appeal disputing a class action finding in a case involving allegations of hail solicitation that could impact 3000 of its customers. The appeals case could have implications for contractors who act as public adjusters …
Claims handling has come a long way in 30 years. Just ask Randall Beal, manager of the field technical unit for American Modern Insurance Group. He began working in claims in the early 1980s, when his toolkit consisted of a …
Nearly three weeks after Hurricane Harvey caused massive flooding in Texas and a week after Irma began taking aim at Florida, insurers and vendors are offering aid to hurricane victims in various ways. Recent reports estimate flood damage resulting from …