Archive for September 2020

Church Mutual Hires Claims Leader Church Mutual has appointed Becky Hudzik-Presson as chief claims officer. She will lead the entire claims organization for the Merrill, Wisconsin-based carrier, which specializes in religious institutions and nonprofits. She will report to Scott Names, … Source: Claims Journal

Motorists who are hunkering down because of social distancing are continuing to file fewer collision claims, but a rash of windstorms, hailstorms and wildfires in August may bring total auto property damage claims numbers almost to normal levels if the … Source: Claims Journal

The extreme weather that’s hammered California with runaway wildfires and hit Louisiana with its most powerful hurricane in 160 years may be about to get even worse. La Nina — a phenomenon that occurs when the surface of the Pacific … Source: Claims Journal

Pinning a dollar value on a bankrupt enterprise is hard in the best of times. During a pandemic, it’s an invitation for a fight. The Covid-19 outbreak has skewed everything from revenues and expenses to cash flows and net income, … Source: Claims Journal

Century 21 Stores, an iconic New York off-price department store chain, filed for bankruptcy with plans to shut down, becoming the latest victim of the retail industry carnage that’s accelerated during the pandemic. The retailer will hold going out of … Source: Claims Journal

A three-year-long U.S. court battle over a cryptocurrency fundraiser, one of the largest initial coin offerings ever, has ended with a Swiss foundation paying $25 million to participants who lost money and their lawyers. The litigation followed a Reuters investigation … Source: Claims Journal

HAMILTON, Bermuda — When the coronavirus pandemic hit and office workers were asked to work remotely, Abbie Shepherd saw it as an opportunity to swap London’s skyrises for something more exotic. Shepherd, who is chief of staff at Cameo, which … Source: Claims Journal

SALEM, Ore. — Strong winds and high temperatures continued to fuel catastrophic fires in many parts of Oregon on Wednesday, forcing thousands of people to flee from their homes. Huge wildfires also continued to grow in neighboring Washington state. Oregon … Source: Claims Journal

Wildfires across the U.S. West are among the sparks from climate change that could ignite a U.S. financial crisis by damaging home values, state tourism and local government budgets, an advisory panel to a U.S. markets regulator found. Those effects … Source: Claims Journal

Sedgwick Acquires Nationwide Appraisals Sedgwick has acquired Nationwide Appraisals, a national auto damage appraiser based inElgin, Illinois. Sedgwick said the Nationwide Appraisals purchase brings a nationwide network of claims professionals that will “optimize the appraiser dispatch process.” Nationwide uses technology … Source: Claims Journal