6 December 2016
Atlanta, GA – December 6, 2016 – Crawford & Company® (www.crawfordandcompany.com) (NYSE: CRD-A and CRD-B), one of the world's largest independent providers of claims management solutions to insurance companies and self-insured entities, today announced the acquisition of a majority interest in WeGoLook®, LLC (WGL™ or WeGoLook), an online and mobile collaborative economy platform headquartered in Oklahoma City, Oklahoma. This strategic investment in WeGoLook will enable Crawford® to revolutionize, automate and expedite the claim handling process by utilizing a large mobile workforce for automotive and property inspections. The acquisition of 85% of the membership interests of WeGoLook by Crawford, which is subject to certain conditions, has been approved by the Board of Directors of both companies for $36.125 million and is expected to close in early January 2017.
26 July 2016
Crawford 7/6/16 Press Release
SYDNEY (6 July, 2016) – Crawford & Company® has launched Crawford® Drone, designed to significantly improve catastrophe and operational claims management by providing real-time detail.
Darren Trot, Crawford’s national business development manager, said, “Drone technology ideally complements traditional claims assessment practices and gives us access to areas that were previously inaccessible or hazardous.”
26 July 2016
Source: ICAT Website
Partnership will allow ICAT to write additional per-risk cat capacity in the U.S. E&S market
Broomfield, CO: ICAT has teamed up with Neon, the specialist Lloyd’s insurer, to provide an additional $10 million of per-risk capacity to catastrophe-exposed commercial properties in the United States. The partnership expands ICAT’s per-risk catastrophe capacity up to $150 million.
ICAT’s partnership with Neon, along with ICAT’s comprehensive coverage, best-in-class service, industry-leading expertise and innovative product solutions, demonstrates ICAT’s commitment to continual service and product enhancements for their agents, brokers and insureds.
8 February 2016
SIMSOL Software announced the release of its next generation estimating platforms cost database.
Orlando, FL (PRWEB) February 08, 2016
SIMSOL Software (Simultaneous Solutions, Inc.) announced the release of its next generation estimating platforms cost database. The new cost database named the "Simsol/Craftsman Complete Building Repair Registry" coincides with the software company's release of its Version 7 of its estimating system for property insurance adjusters and restoration contractors.
8 February 2016
Shingles are something you never want to have, unless they're on the top of your house or on the outside of your law office.
Joe Cantu is fortunate not to have shingles, at least not on his roof, but he does have cement tiles up there, and some of them apparently got damaged when the March 29, 2012 hailstorm hit his Hidalgo County home.
Though conceding that only 8-14 tiles were damaged, Cantu nevertheless wanted his insurer, State Farm Lloyds, to replace all the tiles on his roof, ostensibly to make sure they would match.
When State Farm told Cantu “can't do,” Cantu said “can too” and filed suit.
Last month, a federal jury agreed with State Farm. It wasn't a difficult decision in the end, because the cost of replacing the damaged tiles was less than Cantu's deductible.
2 September 2015
ATLANTA--(BUSINESS WIRE)--Engle Martin & Associates, a diversified insurance services provider, completed its acquisition of a majority share of Eberl’s Claim Service, Inc. and its related companies on September 1, 2015. Eberl provides a full suite of complementary daily and catastrophe loss adjusting and claims-related services, with a focus on residential and automobile insurance claims. Eberl will continue to run independently within the Engle Martin family of brands via its own stand-alone management team under the name Eberl Claims Service, LLC. The addition of Eberl, Engle Martin’s fourth acquisition in less than two years, further solidifies Engle Martin’s position as a leading insurance services platform with an enhanced and diversified service offering and a broader client base.
6 June 2015
Source: Paul J. Gough, Pittsburgh Business Times
"The next time you get a visit from an insurance adjuster, he or she might be wearing a futuristic headset to help process your claim. Pittsburgh policyholders were part of a pilot program from Erie Insurance (NASDAQ:ERIE) to test the use of off-the-shelf Google Glass as a way to make insurance adjusters’ working lives easier and more efficient. The idea, developed by three Erie Insurance employees, was vetted by the board of directors following a company wide contest. This is the first time Erie’s program has been disclosed beyond the company."
10 April 2015
Florida Office of Insurance Regulation
9 February 2015
Source: Zelle Hofmann Voelbel & Mason LLP
Texas hail claim policyholder lawyers, like many plaintiffs’ lawyers, clearly prefer to be in state court rather than federal court. To accomplish this and prevent the defendant insurer from properly removing the lawsuit to federal court, Texas policyholder attorneys simply sue the adjuster (who, like the policyholder, is almost always a Texas resident). This common act of gamesmanship ostensibly destroys the complete diversity of citizenship required for federal court diversity jurisdiction, allowing the policyholder to litigate its hail damage claim in state court.
8 February 2015
Earthquake Commission (EQC) will pay 24 of its staff $65,000
The Earthquake Commission (EQC) will pay 24 of its staff $65,000 a year to fill new positions requiring just over one week's work per month.
The public insurer is looking for candidates from within its workforce for "base contractor" positions, as loss adjusters and estimators, around the country.
The jobs pay $65,000 plus GST a year for 54 hours work a month, which is about $100 an hour, with each contractor being paid even if there is no work.
That is about double the going hourly rate for a loss adjuster working full time on residential buildings, a leading recruitment firm says.
12 January 2015
Congress's omnibus spending bill effectively created a new exemption to the FLSA's overtime rules for insurance adjusters during the two-year period after a major disaster. Section 111 of the appropriations bill for the DOL directs the agency that the FLSA "shall be applied as if" there is an overtime exclusion for certain workers who are employed to adjust or evaluate claims resulting from or relating to a major disaster. The law defines a "major disaster" as "any disaster or catastrophe declared or designated by any State or Federal agency or department."
4 December 2014
New York • A couple claiming damage from Hurricane Sandy has filed court papers accusing a Hartford Financial Services Group Inc. unit, an engineering firm and a law firm for the insurer of engaging in racketeering by scheming to use fraudulent reports to deny claims.