Operational Updates
Investigation
Successful Recovery
Other Loss Scenerios
Subro Fun Facts
100
______,______, & ______ are three sources of revenues for Insurance Companies.
What is Premiums, Investments, & Subrogation
100
Name 3 of the 5 "Causes of Damage" shown in the presentation today
What is Fire, Wind, Water, Appliance, Building
100
_______ __ ______ is the form that should be used when retaining evidence.
What is Chain of Custody
100
______ __ _______ language in contracts normally bars us from recovery against a tenant.
What is Waiver of Subrogation
100
This is the Property Adjuster to Core Property Adjuster ratio
What is 95:5 or 19:1
200
Subrogation has recovered this amount in 2015 for all property lines of business
What is $8.6M
200
This is they key question that should be asked in a successful investigation.
What is "Could this be some one else's fault"?
200
Name 2 of the 5 "Paper Trail" items discussed in today's presentation
What is Contracts, Install Receipts, Repair Receipts, Purchase Receipts, or Credit Card Receipts
200
______ & ______ are 2 types of "Spread","Alternate", or "Secondary" Theories
What are Sprinkler & Security Systems
200
This loss desciption has yielded the largest recovery dollar's
What is Fire
300
This is how many days Sue will now diary Water Damage, Wind & Other loss description claims.
What is 3 Days.
300
These are some things to rule out when investigating a smoking case
What is Receptacles, power strinps, basically anything electrical!
300
Age, Recent Work and _____ are key details to obtain on a potential product failure
What is Prior Issues
300
This is the largest challange we face in pursuing a sprinkler spread theory claim.
What is how much damage would have been caused if the sprinkler did discharge correctly.
300
This loss description yielded the highest number of recoveries
What is Motor Vehicle Accidents
400
Name 4 or 7 Early Intervention Claims
What is Explosion, Fire, Lighting, Smoke, Faulty Construction, Product Failure, or Motor Vehicle Accident
400
In a General Water Loss, This is the driving force behind if we determine to continue the investigation with an expert.
What is expected exposure amount
400
Name 2 items that can be collected to assit in identifying a responsible party
What is a Certificate of Insurance or Proof of Insurance
400
Name 3 out of the 6 questions to ask when dealing with a potential security system malfunction
What is Any contracts exist?, Who installed system and when? Who is the monitoring company for location?, Was entire system operating properly or only a portion of it?, Did system trigger police notification?, Is there a private security firm insured contracts with?
400
Name 4 of the 5 Core adjusters
Who is Dan Baxter, Paula Boorom, Josh Pickering, Amy Coffin or Tony Postale
500
This is the number of states that do not have statute, case law or bulletins that drive deductible behavior.
What is 11
500
Name 3 questions that can be asked to immediately rule in/out Subro
What is "How Old is it? Was it recently intalled? Any recent maintenance work done on it by someone other than yourself"
500
Name 4 of the 7 Keys to a Successful Recovery
What is Retain Evidence, History of Product, Paper Trail, Ruling out other causes, Early Collaboration, Photo's
500
This is the minimum temperature the NFPA 25 requires building owners to maintain.
What is 40 degrees fahrenheit
500
This is the Subro Hotline Number
What is 508-855-6448
M
e
n
u