AZ Claims is focused on doing the best job possible when adjusting truck-related claims
When the negotiations in the adjustment of a claim break down or when the insurer denies the claim, parties may turn to mediation, mini-trials, arbitration, appraisal, or litigation. Because litigation can be costly and subject to delays, an insurer may…
It seems the global financial conflagration was sparked in part by a handful of complacent decision makers who should have been challenging what their risk models were telling them. The resultant financial meltdown had the potential to devalue the entire risk management discipline and erode its credibility. And yet, risk managers appear to have emerged from the smoke and ashes with a stronger sense of purpose and a clearer sense of what constitutes good technique.
As the climate changes, so do the risks facing the insurance industry. Water damage has risen to the number one spot in terms of claims relating to warming weather.
The first thing a property loss analyst must understand is that scoping a loss is distinctly different from estimating a loss. Scoping is the process of developing and constructing the framework from which an estimate can be prepared. Without the…
What a winter this has been from many aspects. So much snow to shovel, so much news to digest and so many economic concerns over the past several months. Well, spring has sprung and I am sure we are all…
At P. C. A. Adjusters, ensuring that all aspects of a claim are covered is a top priority.
Potential risk exposures for companies facing an economic downturn seem to be increasing at the very same time that a hard insurance market is imminent. Higher premiums and restricted coverage come with the hard market, making it harder for risk managers to find the insurance coverage they want or need when their own companies are tightening their belts financially. So how are risk managers planning to guide their corporate ships through this turbulent market?
IBC’s Eighth Annual Regulatory Affairs Panel; As the industry bleeds Cdn$400 million in unfunded liability each year, the IBC and the Alberta Auto Insurance Rate Board don’t agree on how rates should be set in the absence of the province’s cap on minor auto injury claims.
Combining Physical and Psychological Impairments under the SABS
An impact between two cars will cause their velocities to change suddenly. Occupants within the cars will continue to move at pre-impact speeds until they experience a force to accelerate them to the new speed of the car. For occupants…
Part XIII