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Cover Story, November 2008

The Subprime Meltdown

Claim Implications After the Crisis


Unprecedented banking and financial company failures and hastily arranged buyouts by regulators to avoid insolvencies have left the financial markets reeling. The Federal Reserve and the Treasury Department formulated bailouts of companies once thought solid. Congress wrangled with the $700 billion rescue package to avert further disaster. Stockholders of once-steady entities such as Washington Mutual, Wachovia, or AIG find investments lost, and some on the brink of retirement discover that their nest eggs have shrunk by 25 percent or more. As the affected masses search for people to blame and assets to tap, suits against directors, officers, accountants, and even loan agents and appraisers continue to mount.


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Protecting Precious Cargo

Nov 1, 2008
By Cindy Ketcherside

Jon Fransway knows more than he ever wanted to about auto glass safety. Nearly 10 years ago, he lost his 25-year-old sister, Jeanne, after an auto accident in which she was ejected from her vehicle when the car’s windshield separated from its frame. The windshield of Jeanne’s vehicle had recently been replaced — incorrectly, as it turned out — and she was thrown more than 70 feet during the wreck and died shortly thereafter.

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Looking Beyond the Score

Nov 1, 2008
By Norman McKnight, CSRP

From fast tracking claims to spotlighting fraud, predictive analytics continues to provide increasing value to claim operations. Predictive analytics enables companies to develop operational efficiencies, enhance customer service, and increase cash flow by maximizing recovery opportunities.

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