Safety is first. But that is not the course of affairs when dealing with insurance company adjusters who usually say that they will not include the costs of legally required safe construction practices because their managers will not allow those costs.… Continue Reading
Insurance estimating expert Jeff Major gave one of the best speeches about Xactimate I have ever seen at the First Party Claims Conference West. I have seen Jeff give a number of presentations over the years, even teaching federal judges, magistrates, and mediators following Superstorm Sandy. But his warning about getting an insurance company’s “turkey … Continue Reading
Overhead and Profit can generate a lot of debate when insurance company adjusters are looking to meet their adjustment severity goals and lower claims payments. But have you ever wondered how those same insurers instruct their sales people to calculate overhead and profit when they are calculating the premiums that they charge their customers for … Continue Reading
I walk around at conventions and conferences trying to learn and pick up ideas I can use. At the first celebration of FAPIA’s 25th Anniversary two weeks ago, I stopped at the SIMSOL vendor booth. I asked a rather simple question: Why do you guys think you are better than Xactimate?… Continue Reading
Merlin Law Group filed a class action lawsuit in Federal Court today alleging that sales tax was not being paid to many Superstorm Sandy policyholders with flood insurance claims insured by Selective Insurance. Some must be wondering that if policyholders cannot trust insurance company engineering reports, why should they trust that the estimates of damage … Continue Reading
In my last post, I discussed how Xactimate’s pricing is going down while national building material prices are going up. One theory I advanced was that insurance companies are the largest customers of Xactimate and therefore Xactware is simply giving its customers what they want. This video does prove that:… Continue Reading
A week ago, Robert Trautmann, my colleague in our New Jersey office, blogged about how Xactimate pricing for building materials has been steadily declining over the last several years. It was a great blog generating much comment from readers.… Continue Reading
Yesterday, our firm hosted a training seminar for public adjusters and others who use the insurance claims estimating software, Xactimate. During the seminar, a common theme began to develop in the comments we heard. Almost every Xactimate user we spoke to said the same thing, Xactimate’s pre-installed prices have been steadily declining over the last … Continue Reading
