Salvage News

Officials Tour Flooded Homes in Oklahoma City

As electric fans hum and garbage piles up on the curb, Rhonda King goes about picking up the pieces from the July 6 flood that left her father-in-law’s home in shambles. King’s father-in-law, George King, did not have flood insurance. …

12 Coloradoans Indicted in Insurance Fraud Scam

Colorado Attorney General John Suthers announced that his office has obtained an indictment from the Statewide Grand Jury against a dozen individuals involved in a highly organized insurance-fraud scam. According to the 39-count indictment, the enterprise is suspected of filing …

Braemar Marine Expands in London, Singapore, Europe

Braemar Marine Inc, the marine claims and risk assessment specialist, has expanded its operations in both London and Singapore through with a series of key appointments. Chris Lunda, Formerly the VP of Braemar in the U.S., will assume a new …

QCSA Holdings Acquires Salvage Direct

Iowa-based QCSA Holdings Inc., a vehicle remarketing and total loss claims management company, has purchased salvage re-marketing firm, Salvage Direct. Salvage Direct was founded in 1998 by Bob Joyce as the first online auction in the total-loss claims management industry. …

American Claims Management Announces New Business Relationship with Sparta Insurance

San Diego, CA, 04/26/10 – American Claims Management, Inc. (ACM) announced a new business relationship with SPARTA Insurance Company (SPARTA). Effective March 1, 2010, ACM began handling claims nationally for SPARTA’s Commercial Auto, General Liability and Property programs written through …

Tornadoes Rip Southern States; 10 Dead; 1,000 Homes Destroyed

Dozens of tornadoes left a path of destruction more than 50 miles long throughout the southern U.S.—including Alabama, Arkansas, Georgia, Louisiana, Mississippi and Tennessee—over the weekend. Ten people were killed in Mississippi. According to catastrophe risk modeling firm AIR Worldwide, …

American Claims Management Announces New Business Relationship With Starr Indemnity

San Diego, CA, 03/15/10 – American Claims Management, Inc. (ACM) announced a new business relationship with Starr Indemnity & Liability Company (Starr Indemnity), a wholly owned subsidiary of Starr International Company, Inc. Effective January 1, 2010, ACM began handling claims …

Agriculture Department Declares Much of Louisiana Disaster

A federal disaster declaration announced Nov. 30 allows Louisiana farmers affected by early-season drought and late-season rains to seek emergency loans or other aid. The declaration, covering much of the planting and production year, April through October, affects all but …

New Lloyd’s Open Form Maritime Arbitration Panel Launched

A new Lloyd’s Open Form (LOF) arbitration panel has been launched by Lloyd’s of London. The appointments follow Lloyd’s announcement last May that it would change the way the panel operates, “and invited applications for a position on the panel …

As Floodwaters Recede in Southeast, Many Residences Remain Underwater

As floodwaters around Atlanta began to recede, residents were packing moving vans with furniture and commiserating about water-logged apartments. “I’m toast,” Penny Freeman, who moved into a first-floor apartment five days ago, said. “I don’t have a place to stay. …