PCS News

Business News: The Carlyle Group, Next Insurance, PCS

The Carlyle Group to Become Majority Investor in Sedgwick in $6.7B Transaction Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, announced today that affiliates of funds managed by The Carlyle Group (NASDAQ: CG) have agreed to …

How Cyber Market Changes Will Impact Claims

Changes in the cyber insurance market are expected to bring challenges to claims departments, according to Tom Johansmeyer, assistant vice president at PCS, a division of Verisk Insurance Solutions. In an interview with Claims Journal, he explained that as the …

Texas Led U.S. in Catastrophic Losses in 2015

Tornadoes, hailstorms and fires took their toll on the state last year with insured losses well over $3 billion. Texas had over three times as many claims and almost three times the dollar amount in losses as the next highest …

PCS: Catastrophe Claims Handling Compensation Rates Vary

Major catastrophes frequently mean longer hours and extended periods away from home for claims staff on catastrophe duty. However, wide variations in logistical planning and catastrophe duty compensation have been revealed in a far-reaching study from Property Claim Services, a …

VeriClaim Acquires Property Claims Services

T&H Global Holdings, LLC (T&H), a specialized provider of insurance claims services to insurance carriers, insurance brokers, corporations and public entities, announced that its VeriClaim, Inc. (VeriClaim) subsidiary has acquired Property Claims Services, Inc. (PCS), a provider of loss adjusting …

Demand Surge Not An Issue For Sandy; Property Losses Near $19B

Although demand surge was an issue for the property/casualty industry following a trio of hurricanes in 2005, for Superstorm Sandy the demand-surge impact is minimal so far, an expert said recently. There has only been a price impact of 2 …

Hurricane Irene Insured Loss Estimate Rises to $4.3 Billion

An insurance industry service that tracks catastrophe losses has sharply raised its estimates for August’s Hurricane Irene, projecting insured property damage of $4.3 billion from the first hurricane to hit the United States in three years. Property Claim Services, which …