Commissioner Donelon Reminds Policyholders They Are Subject to Only One Hurricane Deductible Per Season

Commissioner Donelon Reminds Policyholders They Are Subject to Only One Hurricane Deductible Per Season

Louisiana Insurance Commissioner Jim Donelon is reminding policyholders affected by Hurricane Laura and who may be affected by Hurricane Delta that the single season named-storm/hurricane deductible law prohibits a homeowner from paying more than one named-storm/hurricane deductible in the same hurricane season.

M 7.8 - 105 km SSE of Perryville, Alaska

M 7.8 - 105 km SSE of Perryville, Alaska

PAGER - GREEN ShakeMap - VII DYFI? - VIII Time2020-07-22 06:12:44 UTC2020-07-22 06:12:44 UTC at epicenterLocation55.030°N 158.522°WDepth28.00 km (17.40 mi)
WORLEY CLAIMS SERVICES ANNOUNCES NAME CHANGE TO ALACRITY SOLUTIONS TO REFLECT STRATEGIC GROWTH AND INNOVATION

WORLEY CLAIMS SERVICES ANNOUNCES NAME CHANGE TO ALACRITY SOLUTIONS TO REFLECT STRATEGIC GROWTH AND INNOVATION

"Fishers, IN – March 10, 2020 – Worley Claims Services LLC, a recognized leader in providing insurance claims services in North America, announced the launch of a new company brand and name to Alacrity Solutions Group effective immediately. The change reflects the company’s broader commitment and its expertise in providing innovative claims management services in the property, auto and casualty claim marketplace."

Texas Department of Insurance Commissioner’s Bulletin # B-0008-20

Texas Department of Insurance Commissioner’s Bulletin # B-0008-20

The below is from the bulletin.

March 24, 2020

To:   All TDI-regulated carriers, agents, adjusters, and licensees

Re:   COVID-19: Suspension of certain licensing requirements and fees

On March 13, 2020, Governor Greg Abbott issued a disaster declaration in response to the COVID-19 pandemic. The Governor authorized the use of all available state and local government resources necessary to cope with the disaster.

TDI expects carriers to work with their policyholders as they prepare for and respond to the spread of COVID-19. Carriers should look to the Governor’s ongoing declarations related to COVID-19 for guidance on how long to extend relief.

M 5.2 - 15km W of Petrolia, CA

M 5.2 - 15km W of Petrolia, CA

PAGER - GREEN ShakeMap - VI DYFI? - VI Time2020-03-18 22:08:20 UTC2020-03-18 14:08:20 -08:00 at epicenterLocation40.348°N 124.456°WDepth28.61 km (17.78 mi)
M 5.7 - 6km NNE of Magna, Utah

M 5.7 - 6km NNE of Magna, Utah

PAGER - YELLOW ShakeMap - VIII DYFI? - VITime2020-03-18 13:09:31 UTC2020-03-18 06:09:31 -07:00 at epicenterLocation40.751°N 112.078°WDepth11.70 km (7.27 mi)
TWIA Policy Changes effective 1/2020

TWIA Policy Changes effective 1/2020

All new and renewal TWIA policies with an effective date on or after January 1, 2020 will include updated coverages, terms, and conditions. Many of the changes are a result of recent revisions to the Texas Insurance Code by the Texas Legislature.


"The above is from the TWIA website"

Lake Pelto Equipment Failure, Chauvin, LA 70344, USA

Lake Pelto Equipment Failure, Chauvin, LA 70344, USA

On December 4, 2019, the USCG received a report of a pipeline spill due to equipment failure in Lake Pelto. USCG pollution responders are on site assessing the situation. NRC# 1265477.
NOAA 2019 Atlantic Hurricane Season Outlook
NOAA 2019 Atlantic Hurricane Season Outlook

NOAA 2019 Atlantic Hurricane Season Outlook

2019 Atlantic Hurricane Season Outlook: Summary

a. Predicted Activity

NOAA's outlook for the 2019 Atlantic Hurricane Season indicates that a near-normal season has the highest chance of occurring (40%), followed by equal chances (30%) of an above-normal season and a below-normal season. See NOAA definitions of above-, near-, and below-normal seasons. The Atlantic hurricane region includes the North Atlantic Ocean, Caribbean Sea, and Gulf of Mexico
Insurance Adjuster Act

Insurance Adjuster Act

SB 240, as amended, Dodd. Insurance Adjuster Act. Existing law creates the Department of Insurance, headed by the Insurance Commissioner, and prescribes the department’s powers and duties. Existing law, the Insurance Adjuster Act, sets forth various requirements with respect to operation as an insurance adjuster in this state and prohibits a person from engaging in a business regulated by the act, or acting or assuming to act as, or representing themselves to be, an insurance adjuster unless the person is licensed under the act. Existing law also prohibits a person from falsely representing that the person is employed by a licensee. Existing law exempts a person from the requirements of the Insurance Adjuster Act if the person...
U.S. hit with two billion-dollar disasters so far in 2019
U.S. hit with two billion-dollar disasters so far in 2019

U.S. hit with two billion-dollar disasters so far in 2019

"The so-called bomb cyclone that brought heavy snow, blizzard conditions and major flooding to the Midwest in March landed with a resounding meteorological “ka-boom!” and became one of two billion-dollar weather and climate disasters this year.

The other was a severe storm that struck the Northeast, Southeast and Ohio Valley in late February."

The above is from the NOAA article, follow the Read More link for the article.

EXTENDED RANGE FORECAST OF ATLANTIC SEASONAL HURRICANE ACTIVITY AND LANDFALL STRIKE PROBABILITY FOR 2019
EXTENDED RANGE FORECAST OF ATLANTIC SEASONAL HURRICANE ACTIVITY AND LANDFALL STRIKE PROBABILITY FOR 2019

EXTENDED RANGE FORECAST OF ATLANTIC SEASONAL HURRICANE ACTIVITY AND LANDFALL STRIKE PROBABILITY FOR 2019

"We anticipate that the 2019 Atlantic basin hurricane season will have slightly below normal activity. The current weak El Niño event appears likely to persist and perhaps even strengthen this summer/fall. Sea surface temperatures averaged across the tropical Atlantic are slightly below normal, and the far North Atlantic is anomalously cool. Our Atlantic Multi-decadal Oscillation index is below its long-term average. We anticipate a slightly below-average probability for major hurricanes making landfall along the continental United States coastline and in the Caribbean. As is the case with all hurricane seasons, coastal residents are reminded that it only takes one hurricane making landfall to make it an active season for them....
Taming the Flaming Cats

Taming the Flaming Cats

From the article;

"Among the many lessons for insurers coming out of Fort McMurray, one may be in how to handle claims caused by wildfires – a peril that insurers have predicted for some time will only get worse."

Spring Outlook: Historic, widespread flooding to continue through May
Spring Outlook: Historic, widespread flooding to continue through May

Spring Outlook: Historic, widespread flooding to continue through May

From the NOAA Report; "Nearly two-thirds of the Lower 48 states face an elevated risk for flooding through May, with the potential for major or moderate flooding in 25 states, according to NOAA’s U.S. Spring Outlook issued today. The majority of the country is favored to experience above-average precipitation this spring, increasing the flood risk. Portions of the United States – especially in the upper Mississippi and Missouri River basins including Nebraska, Minnesota and Iowa – have already experienced record flooding this year. This early flooding was caused by rapid snow melt combined with heavy spring rain and late season snowfall in areas where soil moisture is high. In some areas, ice jams are...
The advantage of recruiting non-insurance workers as claims professionals

The advantage of recruiting non-insurance workers as claims professionals

For independent adjusters, the need to replace retiring workers is becoming more urgent.
 

“A number of our front-line adjusters are very senior, very talented and experienced,” said Paul Féron senior vice president for Ontario and Manitoba at ClaimsPro LP. “In the next 5 to 10 years, a significant number of them will be retiring and deserve to retire. We need to be implementing proper succession planning and mentoring programs.”

Source of the above excerpt: canadianunderwriter.ca

Simsol’s Latest Build Release with the New NFIP Forms is Now Available

Simsol’s Latest Build Release with the New NFIP Forms is Now Available

Build Release 8.1.13 is now available for Simsol’s Property Estimating Software. The most significant improvements are the multi-page functionality and the new NFIP Forms for the Preliminary and Final Reports. The National Flood Insurance Program’s updated flood claim forms for adjusters were updated to improve readability to make it easier for policyholders to understand.

Source: Simsol website

Identification of Water Damages in Adjusting Hurricane Claims for Water Losses Other Than Flood
Identification of Water Damages in Adjusting Hurricane Claims for Water Losses Other Than Flood

Identification of Water Damages in Adjusting Hurricane Claims for Water Losses Other Than Flood

....

In adjusting hurricane damage claims for homes within the 1968-1997 applicable residential code period, it is important that the inside of the walls be checked more carefully than
newer construction to ensure that moisture hasn’t seeped into the walls that will eventually result in mold and interior wall rot. If adjusters do not look for moisture build-up trapped inside the wall, then this damage could be missed, causing mold and rot to proliferate and resulting in bigger problems for homeowners in the future.

...

Beazley takes $40m hit from worst wildfires in California history

Beazley takes $40m hit from worst wildfires in California history

The payouts from reinsurance hit the company’s bottom line after fires damaged several settlements and killed dozens in the US’s most populous state. It also faces challenges from difficult markets. “ ...
Eberl Claims Service Announces Acquisition of Carwood Claims

Eberl Claims Service Announces Acquisition of Carwood Claims

About Cor Partners Cor Partners is the parent company of independent organizations Eberl Claims Service, Engle Martin & Associates, and Envista Forensics. With over 1,100 team members worldwide, Cor P...

A magnitude 7.0 earthquake struck north of Anchorage, Alaska on November 30, 2018 at 8:29 a.m. local time (17:29:28 UTC).
A magnitude 7.0 earthquake struck north of Anchorage, Alaska on November 30, 2018 at 8:29 a.m. local time (17:29:28 UTC).

A magnitude 7.0 earthquake struck north of Anchorage, Alaska on November 30, 2018 at 8:29 a.m. local time (17:29:28 UTC).

A magnitude 7.0 earthquake struck just seven miles north of Anchorage at 8:29am on Friday morning, at a depth of about 27 miles. The earthquake caused power outages, damage to roads and buildings, and closures of schools, businesses and government offices. The extent of the damage is not yet clear, and we are still waiting for word on whether there were any casualties.

Source of the above: Alaska Earthquake Center

2018 Atlantic Hurricane Season

2018 Atlantic Hurricane Season

The 2018 Atlantic hurricane season was the third in a consecutive series of above-average and damaging Atlantic hurricane seasons, featuring 15 named storms, 8 hurricanes and 2 major hurricanes and a total of $33.3 billion (2018 USD) in damages. The season officially began on June 1, 2018, and ended on November 30, 2018. 

'Hailnado' insurance claims hit $30 million for one company

'Hailnado' insurance claims hit $30 million for one company

TENS of millions of dollars in claims have been lodged with just one of multiple insurance companies as a result of the supercell that ripped through the Gympie region in October. The hail-loaded stor...
Businesses Win Only 32% of Disputed Insurance Claims Cases

Businesses Win Only 32% of Disputed Insurance Claims Cases

New research reveals that companies who take their insurers to court over non-payment of an insurance claim only win in around one in three cases. The findings are from Mactavish, the UK’s leading exp...
New platform makes insurance claims easier

New platform makes insurance claims easier

The platform is designed to expedite insurance claim approvals, cuts costs and eliminate duplicated claims to different insurers. Noting that patient data is encrypted and protected by the platform, M...
California Insurance Commissioner issues emergency declaration to help fire survivors across the state

California Insurance Commissioner issues emergency declaration to help fire survivors across the state

Insurance Commissioner issues emergency declaration to help fire survivors across the state

SACRAMENTO, Calif. — In the wake of the deadliest and most destructive wildfire in California’s history, Insurance Commissioner Dave Jones today declared an emergency situation, which allows insurance companies to use out-of-state adjusters to help handle the large volume of claims resulting from the Camp and Woolsey Fires.

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Up Coming Events

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2021 NFIP Adjuster Claims Presentation Webinar - Tue Jan 19

2021 NFIP Adjuster Claims Presentation Webinar - Tue Jan 19

Webinar Opens:  8:30 AM Central Time
Start Time:  9:00 AM Central Time
Lunch Break:  30 Minutes
End Time:  3:30 PM Central Time

Flood adjusters seeking to maintain or obtain a Flood Control Number (FCN) must attend an NFIP Adjuster Claims Presentation each calendar year. 

Please register for one presentation only.*

Read more
2021
2021 NFIP Adjuster Claims Presentation Webinar - Thu Jan 21

2021 NFIP Adjuster Claims Presentation Webinar - Thu Jan 21

Webinar Opens:  8:30 AM Central Time
Start Time:  9:00 AM Central Time
Lunch Break:  30 Minutes
End Time:  3:30 PM Central Time

Flood adjusters seeking to maintain or obtain a Flood Control Number (FCN) must attend an NFIP Adjuster Claims Presentation each calendar year.

Please register for one presentation only.*

Read more
222324
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2021 NFIP Adjuster Claims Presentation Webinar - Tue Jan 26

2021 NFIP Adjuster Claims Presentation Webinar - Tue Jan 26

Webinar Opens:  8:30 AM Central Time
Start Time:  9:00 AM Central Time
Lunch Break:  30 Minutes
End Time:  3:30 PM Central Time

Flood adjusters seeking to maintain or obtain a Flood Control Number (FCN) must attend an NFIP Adjuster Claims Presentation each calendar year. 

Please register for one presentation only.*

Read more
2728
2021 NFIP Adjuster Claims Presentation Webinar - Thu Jan 28

2021 NFIP Adjuster Claims Presentation Webinar - Thu Jan 28

Webinar Opens:  8:30 AM Central Time
Start Time:  9:00 AM Central Time
Lunch Break:  30 Minutes
End Time:  3:30 PM Central Time

 

Please register for one presentation only.*

Read more
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Wind 2021- Virtual Sessions

The Educational and Networking Conference for Property Insurance Claims Professionals

The annual Windstorm Insurance Conference (WIND) is a three-day conference for the property insurance claims industry. Our mission is to provide professional development, training, certifications, and networking opportunities to bring together defense and policyholder representatives to better connect, learn, and engage for the betterment of our industry and consumers.

(the above is from their website)

Read more
23

Wind 2021- Virtual Sessions

The Educational and Networking Conference for Property Insurance Claims Professionals

The annual Windstorm Insurance Conference (WIND) is a three-day conference for the property insurance claims industry. Our mission is to provide professional development, training, certifications, and networking opportunities to bring together defense and policyholder representatives to better connect, learn, and engage for the betterment of our industry and consumers.

(the above is from their website)

Read more
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