Enservio announced an upcoming webinar on how adjusters can best approach contraband or illicit goods during the early investigative claims process. While individual insurance carriers differ in terms of their own best practices for handling contraband items, the webinar aims to bring awareness to the wide variety of goods considered illicit, and the complexity associated with properly identifying legal from illegal substances. The webinar will also look at U.S. trade embargoed nations, and the $10 billion illicit trade in animal wildlife.
The webinar is complimentary and will take place Thursday, December 18th at 11:30 AM Eastern Time with a Q&A session to follow.
Attendees can register by clicking here: https://www2.gotomeeting.com/register/223001066.
The webinar will examine how states can differ widely in their laws governing the use and possession of such items as fireworks and marijuana, in which case coverage may fall outside of policy limits.
“The underlying theme to this webinar is that contraband may not always be obvious, and our focus will be pointing out some of the more obscure and confusing laws revolving around contraband items, where the courts would not expect the insurer to pay for something that is expressly forbidden by law,” said Scott Lacourse, the webinar presenter.
Particularly noteworthy to insurance pros is to understand the size of the contraband problem. On a typical day the U.S. Customs and Border Patrol will seize:
- 11,945 pounds of drugs
- $291,039 in undeclared or illicit currency
- $4.7 million dollars’ worth of products with Intellectual Property Rights violations
“Contraband is an intractable problem and thriving in our marketplace. It is not uncommon for claims adjusters to confront illicit property. Hopefully this webinar will provide awareness and guidance,” said Lacourse.
Adjusters, claim reps, claim managers, claim supervisors, claim directors and anyone dealing with non-restorable contents claims will benefit from this rare opportunity to learn the scope of the contraband trade and ways of identifying potentially illegal goods.
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