Property Claims News

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 …

Effects of Commercial Leases on Property Losses

Leases are an integral part of the investigation process when it comes to property claims, but the process can get bogged down if the leases are poorly worded. Trying to decipher ambiguous lease terms that have varying duties to maintain …

Property Claims Customer Satisfaction Remains High: Study

Temporary Housing Provides a Permanent Service for the Claims Industry

The insurance housing industry got its start 23 years ago when a few bright entrepreneurs realized there was a temporary housing need for policyholders who lost the use of their homes. Since the mid-1980s, a lot has changed. The insurance …

Insured Losses From Colorado’s June Storms Estimated at $321M

Colorado’s 2012 wildfire season has already reached devastating historic levels, and new insurance claim estimates from the hail, wind and flooding that wreaked havoc on June 6th from South Denver-Metro down to Colorado Springs, and then dished out a second …