• April 26, 2011 1:39 pm
  • Rick McCord
  • 0 Comments

Cargo Update

Cargo Thefts Increasing:
Various sources continue to cite the increase in cargo thefts, both in the U.S. and internationally.  Many tie this to the old adage that theft and insurance fraud tend to increase in tough economic times.  One report, from FreightWatch, indicates that the Read more

  • May 1, 2010 8:37 am
  • Rick McCord
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Current Transportation Issues – Spring 2010

A review of various issues affecting the transportation industry currently, along with some comments…

A survey by the American Transportation Research Institute in late 2009 indicated that the top two concerns of the trucking industry were the economy followed by government regulation.  It’s not surprising that these two issues are currently subject to quite a bit of attention and discussion Read more

  • April 24, 2010 9:46 am
  • Rick McCord
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Selecting the Right TPA

Outsourcing the handling and administration of claims may not be the right strategy for every organization, but can be a sound business decision in many cases.  There are a number of key issues that any insurer, reinsurer, Program Manager, MGA, self-insured, or other principal should consider when selecting a claim TPA, and these naturally vary considerably depending on the individual circumstances.  While price is probably the first and foremost factor generally taken into account, there are other variables that can be critical and should not be overlooked.  Read more

  • March 27, 2010 11:35 am
  • Rick McCord
  • 0 Comments

Why Outsource to a TPA?

Many insurers, reinsurers, self-insured firms or organizations, or governmental entities of some type elect to contract the handling of claims to an outside party. A firm which agrees to handle claims for a fee of some sort is generally referred to as a Third Party Claim Administrator, typically abbreviated as a “TPA”. Read more

  • October 25, 2009 4:44 pm
  • Rick McCord
  • 0 Comments

Cargo Claim Basics

Motor Truck and other cargo claims can present some unique issues for an adjuster, and should generally be handled by someone who knows his or her business.

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  • September 14, 2009 3:13 pm
  • Rick McCord
  • 0 Comments

Claims Technology

I don’t want to make myself sound like a dinosaur, but I started in the claim business many years ago at a tender age when there were no fax machines, internet, e-mail, or cell phones, and let me tell you it was a different world altogether. Read more

  • September 8, 2009 3:47 am
  • Rick McCord
  • 0 Comments

A Visit to London

I recently made my first visit to London.  For several years our firm has handled the claims for a number of programs underwritten in London, and deal regularly with brokers and program managers located both in the U.S. and U.K.  However, this was my first opportunity to travel to England Read more

  • September 1, 2009 8:44 am
  • Rick McCord
  • 0 Comments

Claim Basics

There is an old saying in the claim industry which still holds pretty much true. It suggests that there are three basic elements to any claim, regardless of how minor or severe it might be, and for most any type of coverage. They are: Coverage, Liability, and Damages. No matter what type of claim is involved, these three pieces must be addressed, generally in the order they’re listed. Read more

  • August 20, 2009 7:22 am
  • Rick McCord
  • 1 Comment

First Blog

I’ve recently been asked to write an occasional blog for our company’s website.  I must admit that I haven’t spent much time reading blogs of others, and the concept is somewhat new to me.  My initial reaction was that there may not be an overwhelming interest in my views on much of anything.  Read more