Property Claims News

Hurricane Matthew Claims Offer Opportunity for Travelers to Ramp Up Drone Use

Earlier this month, The Travelers Companies, Inc., announced that it would be using drones to assist in assessing damage resulting from Hurricane Matthew. The insurer deployed a team of newly trained drone operators to inspect residential and commercial property damage …

Commercial Property: Inspecting Hard to Reach Areas Quickly and Inexpensively

There are times where an inspection will be necessary in the most unique or hard to reach places. In some cases, it is too difficult or time consuming to rent, transport, place and erect equipment that may or may not …

Property Replacement Costs on the Rise: Xactware

Replacement costs increased by more than five percent between April 2014 and 2015, said Greg Pyne, assistant vice president of Pricing Data Services at Xactware, a Verisk Insurance Solutions company. Pyne outlined the factors that influence reconstruction costs during a …

New Survey Highlights Opportunities for Improving Property Claims Vendor Usage

A new survey highlights opportunities for North American property/casualty insurers to better utilize property claims third party services. Commissioned by BrightClaim, a national claims services provider, and conducted by Ward Group, a provider of benchmarking and best practices studies to …

Contractors Need to Be Involved in the Claims Process, BELFOR CEO Says

Customer service in property claims suffers when the contractor is left out of the settlement process and policy renewals may be in jeopardy because of it. That’s the word from the top executive of one of the world’s largest disaster …

PLRB Launches New Webinar Series

The PLRB is launching a new series of webinars based on hot topics from the national conference. The first webinar will be broadcast this week. Property adjusters routinely settle claims that evolve from covered fire losses. Developing a strategy to …

Commentary: Drones Take Flight in Property Claims

Lately there has been a lot of media attention on the application of drones. Unfortunately, drones have assumed a negative connotation because of stealth military operations and privacy issues. As insurance pros, we need to view drones as simply another …

Additional Claims Filed in Deadly Arizona Wildfire

Additional claims are being filed against the state, Yavapai County and the city of Prescott in connection with the deadly Yarnell Hill fire last summer. The Daily Courier reports that the additional claims were filed Monday on behalf of owners …

PLRB Large Loss Conference Recap

The 2013 Large Loss Conference, hosted by Ill.-based Property Loss Research Bureau,  featured 25 sessions and provided professional development education to close to 1,000 claims professionals attending the sessions in Jacksonville, Fla. The sessions were offered in three areas: casualty …

Tornado-Related Claims Already Top $250M in Oklahoma

State insurance officials say tornado-related insurance claims from the twisters on May 19 and 20 that tore through Moore and several neighboring communities already represent insured losses of nearly $250 million. Oklahoma Insurance Commissioner John Doak said Tuesday there have …