Insurance News: Ernst & Young Names Enservio CEO Jon McNeill as Entrepreneur Of The Year
June 29, 2012
Enservio, a provider of software and services to property insurers, announced that Jon McNeill, Enservio's CEO, received the Ernst & Young Entrepreneur Of The Year 2012 Award in the Financial Services category in New England.
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Mass High Tech: Enservio CEO named Entrepreneur of The Year
June 28, 2012
Jon McNeill, CEO of Needham-based property insurance software and services provider Enservio, has been recognized by Ernst & Young as its 2012 Entrepreneur of The Year in the Financial Services category in New England.
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Rise in jewelry claims underscores need for sufficient insurance
June 15, 2012
In 2011, jewelry overtook electronics to become the No. 1 item cited in property insurance claims, according to the Contents Claims Index from Enservio, a provider of property insurance software and services. The number of jewelry items claimed grew 57 percent in 2011, and the average price for a piece of jewelry claimed rose by 11 percent, says Keith Pequeno, senior vice president of marketing at Enservio.
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June 6, 2012
To save or not to save? This is often the question asked after a piece of artwork has been badly damaged. The answer may not be clearly apparent to the owner or claims handler. A damaged item that may appear” hopeless” to the untrained eye may actually be an excellent candidate for conservation. While other items that do not “look that bad” do not justify conservation efforts.
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Claims Journal - Report: 2011 Content Claims Trends
June 4, 2012
Jewelry losses were the big ticket items in value and volume for property insurance claims made in 2011, according to Enservio’s annual Contents Claims Index (CCI). Claims for jewelry items increased four percent, taking the top spot as the most claimed loss item in 2011.
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TMC Net - Enservio's Annual Contents Claims Index
May 25, 2012
Enservio's annual Contents Claims Index (CCI) revealed that jewelry losses were the big ticket items in value and volume for property insurance claims made in 2011.
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May 23, 2012
Jewelry claims bumped electronics out of the No. 1 ranking position in value and volume for property insurance claims made in 2011, according to new data.The annual Contents Claims Index (CCI) by property insurance software and service provider Enservio found that the number of jewelry items claimed grew 57 percent compared to 15 percent growth in the electronics category for the same year. The average price per piece of jewelry claimed increased by 11 percent with jewelry claims more prevalent on the West Coast of the United States.
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Jewelry losses were the big ticket items in value and volume for property insurance claims made in 2011 according to Enservio’s annual Contents Claims Index (CCI). Claims for jewelry items rose from 13% among the top ten contents-loss categories in 2010 to 17% for Replacement Cost Value (*RCV) in 2011, taking the top spot as the most claimed loss-item in 2011. Simultaneously, electronics dropped to the number two position, decreasing from 15% in 2010 to 13% RCV in 2011. These are a sampling of the top findings of the annual CCI announced today by Enservio ( www.enservio.com ), the nation’s leading provider of contents inventory creation, valuation and replacement services and software.
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Diamonds.net - Jewelry Overtakes Electronics as Top-Loss Category in 2011
May 22, 2012
Jewelry claims bumped electronics out of the No. 1 ranking position in value and volume for property insurance claims made in 2011, according to new data.The annual Contents Claims Index (CCI) by property insurance software and service provider Enservio found that the number of jewelry items claimed grew 57 percent compared to 15 percent growth in the electronics category for the same year. The average price per piece of jewelry claimed increased by 11 percent with jewelry claims more prevalent on the West Coast of the United States.
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AM Best: Claims Report
May 1, 2012
Jewelry—watches, rings earrings, necklaces, bracelets and other items—comprised the most-claimed insured loss category in 2011, replacing electronics as the top claims category, according to contents claims aggregator Enservio.
The average price per ring claimed increased by 3% in 2011 compared to 2010, and the average price per jewelry item increased by 11% in 2011 compared to 2010, said Keith Pequeno, senior vice president of marketing for Enservio.
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Enservio thrives on innovation, doubles in size
April 27, 2012
There aren’t many businesses that you can call that can send a TV star to your home to help you solve a problem, but if you’re calling Needham-based Enservio, that is always a possibility — particularly if you’re calling with an insurance claim involving art or antiques. One of Enservio’s insurance valuation services is EnservioSelect, its art, collectibles and hard-to-value-items division; and it is staffed with in-house experts, a number of whom have appeared as appraisers on the PBS series “Antiques Roadshow.”
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Restoring a College Library Collection Damaged by Fire
April 2, 2012
What: $2.5 million damage to Columbia International University’s G. Allen Fleece library
Where: Columbia, South Carolina
When (DOL): May 8, 2010
How the damage happened: electrical fire
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The Large Loss Contents Puzzle
March 29, 2012
It is Tuesday morning in Columbus, Ohio, and what once stood as a single-family, colonial home with a white picket fence is now a mixture of rubble, debris, partially visible contents, and a half-burnt wooden frame. The fence is still there, but what it surrounds is no longer recognizable. In the front yard of the devastated area stands a group of people. Their goal is to help make everything whole again.
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Electronic Payment Innovations: Retire Paper Checks, Renew Customer Confidence
November 9, 2011
We have all had a hunch that 2011 would be one of the worst years on record for catastrophic losses. Now, the numbers are in to prove it. Swiss Re reported in September that natural catastrophes and man-made disasters across the globe are projected to cost the insurance industry around $70 billion in the first half of 2011.
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Electronics, jewelry and clothes at top of insurance claims list
August 2, 2011
If you own a home, you probably know you need homeowners insurance to protect your structure against fire and other risks for damage and loss. But what about your home’s contents? A standard home insurance policy has limits on how much it will pay to replace your valuables. The best way to protect yourself is to understand these limits and purchase insurance riders that will provide additional coverage when needed.
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Study: Electronics, jewelry most common items insured
June 21, 2011 (Insurance Corner)
Some of the most common valuables people insure has been revealed. According to Enservio, a software provider for property claims processing, electronics, jewelry, apparel, furniture and home goods were the leading belongings people insured in 2010. Based on dollar value, however, electronics topped the charts, accounting for 16 percent of the total.
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Top 5 Items Claimed by Property Insureds
June 20, 2011 (Claims Journal)
Electronics, jewelry, furniture, apparel, and home goods are among the top five items claimed, according to the findings of the Contents Claim Index (CCI) released by Enservio, a web based software and services provider for property contents claims processing.
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Enservio Announces Comprehensive Solution for Commercial Property Claims
June 15, 2011 (PropertyCasualty360)
Enservio, a provider of contents inventory creation, valuation, and replacement services and software, announced EnservioCommercial, a contents claims solution developed specifically for commercial property claims.
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Trending Now: Contents Claims
June 15, 2011 (Claims Advisor)
Benchmarking, or measuring against some kind of defined standard, is pretty complicated for contents claims due to the seemingly infinite variety, quality and value of each item. Each household, especially across income brackets, has unique items with sometimes widely varying values. When you get to the ultra-wealthy stratum, you are often dealing with one-of-a-kind pieces of art or custom-made jewelry and tailored clothing.
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Contents Claims Go Commercial
June 3, 2011 (PropertyCasualty360)
If you pause for a moment to shine light on your commercial contents claims handling process, then you might be surprised at what you find. Even a casual examination will reveal inefficiencies and inaccuracies the industry has been more or less sweeping under the rug for years now. This is remarkable and even a bit alarming when you consider that commercial contents claims have a natural complexity that make them ideal candidates for improvement. Rather than standing still, some innovative carriers are beginning to implement new approaches that dramatically improve accuracy, efficiency, and the customer experience for commercial contents claims.
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So They Claimed
May 10, 2011 (Best's Review)
Enservio aggregates and analyzes contents claims. Trends emerge from looking closely at what is most often reported lost, damaged or stolen. Electronics topped the index, accounting for 16% of total insured value reported. Within the category is an insight into today’s domestic lifestyle: TVs and computers represented about half of these losses. Jewelry losses spiked during the past two years, nearly eclipsing the total dollar value of electronics claims.
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Among personal and business items, electronics top list of highest-value insurance claims
May 4, 2011 (InsuranceQuotes.com)
As a category, electronics topped the list of the highest-value personal and business items that were stolen, lost or damaged in 2010, according to the new Enservio Contents Claims Index, published by Best’s Review magazine.
Based on dollar value, electronics accounted for 16 percent of the value of personal and business items for which insurance claims were filed in 2010, the index shows. TVs led the electronics category, with 24 percent of the value.
Jewelry was the No. 2 category, representing 15 percent of the total value of claims. Rings made up 44 percent of the value in the jewelry category.
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EnservioSelect Vice President, Dan Farrell, has been asked to speak at this year's Appraisers Association of America National Conference. The conference will be held November 13 - 14, 2010 in New York, NY