Citizens hires company to review water damage repair estimates, negotiate lower invoices

Source: Sun Sentinel

Roy
State-run Citizens Property Insurance Corp. is hiring an outside vendor to scrutinize water-damage repair estimates from contractors, and to directly negotiate lower invoices with those contractors in exchange for a cut of the savings. The company's board of governors on Tuesday agreed to a five-year, $1.8 million contract with Fort Myers-based Lynx Services LLC, a third-party claims management firm. The goal, according to a Citizens document, "is to identify inflated or excessive...

Crawford & Company® Launches Australia’s First National Insurance Drone Service

Crawford 7/6/16 Press Release

Roy

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.”

ICAT Partners with Neon to Provide Additional Catastrophe Capacity

Source: ICAT Website

Roy
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...

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