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Wall Street Brokers Start Trading Insurer Claims From LA Fires

Insurance Journal

Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the matter. Investors are buying so-called subrogation claims, obtaining …

Broker 278
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Specialist Risk Group Acquires UK Claims Specialist One Claim Ltd.

Insurance Journal

Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced the acquisition of One Claim Ltd. Based in Essex, England, One Claim provides broker partners and their clients with claims management support from initial notification through to settlement. The One …

Claim 258
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LMI activates our Catastrophe Response Plan

Prof. Allan Manning

Having attended every major natural catastrophe as LMI since 1999, both LMI Group and Aequum Adjusters have activated their respective Catastrophe Response plans putting in place the resources required to respond to the expected claims from Cyclone Alfred.

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Mistakes in setting sums insured / declared value where the Insured elects an Indemnity Period of less than 12 months.

Prof. Allan Manning

I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. Fast forward 40 or so years and in Vanuatu last week with the earthquake claims I saw many occasions of the very same issue.

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Mistake: Accepting Every Workers’ Compensation Claim

AMAXX

Many companies operate under an unwritten rule: accept every workers compensation claim, no questions asked. A well-managed workers compensation program should pay 100% of legitimate claimsand 0% of the claims that arent. Employees come to believe that every claim will be accepted, regardless of the circumstances.

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People Moves: Aon Taps Thomas From Lloyd’s as Head of Lloyd’s Capital; McLarens Names 2 Leadership Appointments in Latin America

Insurance Journal

This edition of International People Moves details appointments at the broker Aon and claims services provider McLarens. Insurance broker Aon plc appointed Ed Thomas as head of Lloyd’s Capital within its Reinsurance … A summary of these new hires follows here.

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People Moves: Marsh Promotes Russell as Global Head of Wholesale; Markel Boosts Wholesale Claims Team With 3 Key Promotions, Technical Claims Hire

Insurance Journal

This edition of International People Moves details appointments at insurance broker Marsh and the insurer Markel. A summary of these new hires follows here. Marsh Promotes Russell as Global Head of Wholesale, Meah as Head of Strategy, Global Placement Marsh, …

Claim 200