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Blog
Supply chain risk insurance – An unknown maze?

The risk landscape is continuously changing. However, business interruption including supply chain risk continues to remain as one of the top three risks businesses face for the seventh year in a row.[i] Most businesses operate within a complex supply chain web and a break in any part of that structure can cause tremendous financial losses. Traditional property damage/business interruption (PD/BI) policies are not tailored to cope with the extent and nature of a supply chain interruption. There

Article
Women's Leadership Forum 2019

Dave North, President and CEO, and Kimberley Daley, Principal, Head of forensic advisory services for Sedgwick Australia, are featured

Photo courtesy of CBS News
Blog
Volcanos, earthquakes, fires and floods – how are we preparing for CATs in 2018?
Photo courtesy of CBS News

The 2018 CAT season has started with a vengeance. Already, we are seeing damage from flooding, earthquakes and a volcano in Hawaii. On top of that, hurricane season will soon be underway, the potential increases for droughts and related fires, and we will remain ready for ever-unpredictable earthquakes and tornadoes. What has changed since 2017, a year unlike any most of us have ever experienced in the insurance industry since the “Four in ’04” and Katrina, Rita, Wilma in 2005? Major hurricanes

Blog
Keep your holiday tree safe and bright

Beautiful, twinkling lights and the pine scent of a real holiday tree can be part of a cherished tradition that makes the season bright and festive for many. However, all too easily, the tree that may be decorating your living room can turn into a fire hazard that threatens your family and home. To prevent fresh-cut trees from becoming dry and easily combustible, it is essential to keep them well watered. Check out the video from the National Institute of Standards and Technology (NIST)

Sedgwick edge
Three powerful hurricanes – one extraordinary team

For Sedgwick, Vericlaim and CJW, these destructive storms impacted our clients, colleagues and offices in various regions. Our teams began responding to the property claims, inspecting losses and managing the process for our clients and their policyholders as each of the hurricanes devastated everything in their path. What started with one adjuster to manage claims from Hurricane Harvey ballooned into an operation involving a group of more than 2,500 colleagues, associates and partners. We had t

Sedgwick edge
Looking back

Geo-fencing and recognition technology in the investigation toolbox The IoT – and, more specifically, the data collected through interconnected smartphones, vehicles, buildings and other devices – has created a vast network of information that is now an invaluable tool for law enforcement and national defense agencies. Along the same lines, special investigation teams are also able to use geo-fencing and image recognition technology to track and analyze open source data collected through the IoT

Sedgwick edge
Expert view with Rob Fox, CPA, Managing Director, Forensic Accounting and Business Income Services, Vericlaim

edge:Who can benefit from forensic accounting services and when is it appropriate to use these services? Rob:When a claim is made by a company alleging that they suffered economic losses, they would benefit from forensic accounting services. There are several types of third party claims like these, with lost profits being the most common. As a result of something one party did or is alleged to be responsible for, another party was negatively impacted. It is common for the company asking for dama

Blog
A “magic bullet” to reduce workers’ compensation costs?

Workers’ compensation is a “no fault” system. Every state has laws and regulations mandating the prompt reporting of all injuries and accidents. Most of these laws are in place to protect the rights and benefits of injured workers. What many employers do not realize is that immediate reporting of all injuries can actually be a magic bullet that helps reduce their workers’ compensation costs. Barriers to reporting A significant barrier to reporting of claims is the economics of workers’ c

Blog
The IoT and forensic vehicle investigations

The Internet of Things (IoT) has made a revolutionary impact on the automotive industry. Just like our smartphones, our cars have become smart cars, more commonly referred to as connected cars. Modern automobiles have the ability to produce, capture, store, process, analyze, and transmit large amounts of data to assist drivers and provide information – telematics. This data can be stored within the vehicle or transmitted to the cloud, the manufacturer or a designated insurance company. With t

Blog
3D Laser Scanning in Forensic Science and Claims Industries

3D laser scanning: Essential technology in forensic science and claims When it comes to the claims industry, documentation is essential. In order to come to a conclusion regarding the cause of a fire, traffic accident or product failure, it is crucial for forensic investigators to document in a clear and effective manner. Today, technology plays an important role in improving the quality, speed and quantity of evidence collection; an investigation can be concluded with a higher amount of certai

Blog
The IoT – What is it and how does it affect forensic investigations?

The Internet of Things (IoT) is a rapidly emerging field of technological devices poised to affect virtually everyone, every day. Smart homes and industry are moving with expediency into your neighborhood and your business. Are you prepared? Do you know what to look for within your specialized field? In this article, we hope to provide a few examples of IoT to help you effectively navigate your loss. It’s a similar narrative, one we have all been a part of during an investigation of a claim i

Blog
Why you need a forensic accountant

The story is simple and familiar to any experienced property claims professional: a pipe breaks flooding the restaurant downstairs causing it to close for two weeks, or a worker unknowingly drills through a pipe while working on a customer’s equipment which contaminates product in production causing a production shutdown for 72 hours.  Either of these events results in a claim for lost profits. The business owner may not know that it should claim lost profits; the claim may say lost sales

Sedgwick edge
The importance of preserving claim-related evidence

Consider this example – An office employee sits down to begin the day and his chair breaks causing him to fall and injure his back. The employee has extensive back injuries and the time off he needs to recover causes the business major productivity issues. The reason why the chair malfunctioned may be lost if the evidence is not preserved. If forensic experts are brought in, they will not only preserve the evidence, but can also do an extensive investigation and ask questions like – how did the

Blog
Staying afloat with boating safety

According to 2015 U.S. Coast Guard statistics, May through September is  the peak period for recreational boating accidents.  Florida, Minnesota, Michigan, and California lead the nation in the number of registered boats while Florida regularly leads the nation in damage claims of over $2000—far outpacing California at a distant second. While boat and watercraft insurance is an important line for many insurers, the nature of boating can lead to large property, casualty and lia

Blog
Lightning may strike once

July and August are the most dangerous months for lightning strikes in the United States. According to the Insurance Information Institute (I.I.I.), lightning strikes caused $739 million in homeowner insurance losses in 2014, up 9.7 percent from 2013. Florida had more homeowner insurance claims for lightning losses in 2014 than any other state, followed by Georgia and Texas. Fire investigators have known for well over a decade that when lightning strikes a home built with corrugated stainless

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