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Volume
3, Issue 7 |
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| State
Farm Pays $109 Million for Dog Bite Claims |
| Source:
USA TODAY |
 LOS
ANGELES (AP) – Dog bites man does not get a lot
of attention in the news, but it costs insurance companies
hundreds of millions in claims every year.
State Farm Insurance, one of the nation's largest home
insurers, paid more than $109 million on about 3,800 dog
bite claims nationwide last year, spokesman Eddie Martinez
said Wednesday. In 2010, there were about 3,500 claims
and $90 million in payouts.
The Insurance Information Institute estimated that nearly
$479 million in dog bite claims were paid by all insurance
companies in 2011, spokeswoman Loretta Worters said. In
2010, it was $413 million.
Read
more
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| Florida’s
Sinkhole Statute Continues to Evolve |
| By: Denise
Johnson | Source: Claims
Journal |
 “The
head has been cut off the sinkhole monster,” said
Curtis Hutchens, an in-house attorney for Florida’s
Citizen’s Property Insurance Corp. According
to Hutchens, the new sinkhole statute (627.706) that went
into effect on May 17, 2011 continues to evolve. That’s
good news for adjusters, since the statute provides new
rules that assist in sinkhole claims handling.
“The
statute has given the industry tools to aggressively, fairly
and reasonably settle sinkhole claims,” Hutchens said
during a session on the topic held recently during the Property
Loss Research Bureau (PLRB) national conference in Orlando,
Fla.
Hutchens
defined a sinkhole as a land form created by subsidence
when ground water dissolves limestone. He said that while
there are all kinds of earth movement that can result in
damage that is not a sinkhole; it is a major issue for Florida,
which is made up entirely of limestone.
Read
more
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| Coverage
for Paranormal Activity? It Depends on the Specifics |
| Source:
Insurance Journal |
 One
of the biggest stories in Toms River, N.J., in recent weeks
involved an alleged haunted house in the neighborhood.
According
to local reports, Michele Callan and her fiance Josue Chinchilla
had moved into a home in Toms River in March and soon began
to experience a range of paranormal activities.
As
a news report from ABC News shows, the distressed couple
allegedly endured living room lights that turn on by themselves,
a vase that falls over when no one is watching, a feeling
of being tapped on the shoulder when no one is around, and
a raspy voice that whispers, “Let it burn.”
The
couple have since moved out and sued the landlord, claiming
they could no longer endure the ghostly activities in the
house and want to recoup the deposit. The landlord, in turn,
counter-sued the couple, saying the lawsuit will frighten
away new tenants or buyers and hurt the house’s value.
Read
more |
|
 Nowadays,
almost every claims professional has a smartphone. Of course,
their smartphone is with them at all times, and is not subject
to the same restrictions as their company computer. With that
in mind, we have compiled our list of favorite smartphone
apps for the claims professional.
Click
here
for the list of useful apps for claims professionals |
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| Xactware
reports on David Morse & Associates |
 In
the property claim arena, there is no question that "speed
thrills" and that the faster a claim is inspected,
estimated and settled, the happier the insured.
Xactware has just produced a video with the focus on David
Morse & Associates, demonstrating the speed with which
DMA adjusters handle claims versus industry average, as
measured through Xactanalysis.
To
watch the video please click here. |
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330
N. Brand Boulevard, Suite 230 | Glendale, CA 91203 |
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