Property Claims News

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

Colorado‚Äôs 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 …

BuildFax Teams With Equifax to Deliver Property History Data to Insurance Sector

BuildFax, a commercial and residential permitting database in the United States, has joined forces with Equifax Inc. to provide property & casualty insurance carriers a view of underwriting risks while uncovering changes to their portfolio since policy inception. Equifax customers …

Tornado Damage at Louisiana’s Rayne High School $500K

The Acadia Parish School Board has declared a state of emergency as a result of Saturday’s tornado damage at Rayne High School. The Advocate reports Superintendent Johnny Bourque told the board that the school suffered major roof damage along with …

NCA Group Acquires Texas-based Gentry & Associates

Indianapolis, Ind.-based National Catastrophe Adjusters Inc. (NCA Group) has added Gentry & Associates Claims Services Inc. in San Antonio, Texas, to the NCA Group of Companies. This represents NCA Group’s third acquisition in 2011. The addition of Gentry & Associates …

Insurance Vital to Alabama Coast Long-Term Plan, Says Commission

Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover from any future …

Hundreds Victim to California Rainstorms

Following a series of powerful storms that brought heavy, record-setting rain, snow and high winds to California, insurers report their employees are on-hand to help victims. Meanwhile, Gov. Arnold Schwarzenegger has proclaimed a state of emergency in Kern, Orange, Riverside, …