Property Claims News

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 …

Report: Despite Record Storm Losses, Homeowner Claims Customer Satisfaction Increases

Overall customer satisfaction with the property claims experience has significantly increased from last year, despite a record number of catastrophic storms and some of the largest payouts ever in 2011, according to the J.D. Power and Associates 2012 U.S. Property …

American Claims Management Appointed Westra as Vice President of Property Claims

San Diego, CA, 11/15/11 – American Claims Management, Inc. (ACM), has appointed Pier Westra as vice president of its Property Claims Division. Effective November 14, 2011, Westra will oversee all of ACM’s East Coast, Southeast and Southern U.S. property claims …

Debit Card Claim Payments Increase Efficiency While Saving Money

It costs an insurer up to $10 for each payment issued as a check. Besides the price of a stamp, this figure also takes into account behind the scenes costs, including customer care calls and stop payment fees, according to …

Top 5 Items Claimed by Property Insureds

Electronics, jewelry, furniture, apparel, and home goods are among the top five items claimed, according to the findings of the Contents Claim Index (CCI) released by Enservio, a web based software and services provider for property contents claims processing. The …