Wood truss failures can vary and identifying the cause requires visual inspection as well as a working knowledge of the structural loads and building codes. These truss systems must transfer the gravity and lateral loads to the foundations.
Southern Loss Association Articles
Fraud is an ever-evolving crime with fraudsters continually adopting new methods and concocting schemes to suit the conditions of the times. Currently, during the COVID-19 pandemic, fraudsters are creating new ruses by manipulating society’s changing needs and priorities. Fraudsters were particularly adept at playing on human emotions, concerns, and fears. As companies and individuals navigate these unusual times, the atmosphere is ripe with opportunities for schemes.
“It takes a village to raise a child” is where the concept is given in this Proverb that many people support, give knowledge, and care into a child as they are raised. I have often found this proverb to guide the way complex claims are handled. With a village of experts, adjusters, specialists, and managers.
The demand letter alleging bad faith arrives. Your blood pressure goes up – either you are sick of seeing lawyers toss the claim into every claim or you worry you may have made a mistake on a legal or factual point. How do you lower your blood pressure? Each moment of each day, on each file and the many micro-decisions you make – simply to pursue a Just Result. And what do you get – just results – and good results for you and your insureds.
After paying out a claim, insurers often pursue a subrogation recovery from a responsible third party. In evaluating the potential for recovery, subrogation specialists consider many issues including proof of liability, applicable contract provisions, statutory limitations, and the cost of pursing a recovery. Well informed insurers also work with their subrogation specialist to ask the question: Who is entitled to the recovery if we collect? In other words, who has priority over the funds recovered?