The Independent Insurance Claim Adjuster Resource

by Phillip Crimaldi – Editor & Insurance Claim Analyst – May 19th, 2010

On any given day my office is prepared to remind inland residential property owners how much worse their $5,000 claim for water damage could have been.  While we are sympathetic to the average homeowners property claim, one mention of Hurricane Katrina will usually save us several minutes of ranting from the common property owner.  I always tell them “it could have been much worse”.

It is easy to remind these these folks about how much worse it could have been because I was there in Slidell, Marrero, Chalmette and dozens of other cities and towns for the months following Hurricane Katrina.  Witnessing the interiors of people’s homes and lives is an image that will be permanently etched in my mind forever.

That’s exactly why I think this oil spill poses a serious threat to all property owners along the Gulf Coast.


If you’re not following my thoughts just yet, let me drop this one on you:

“Wind Driven Oil”

Just in case you’re out of the loop, dozens of insurers had Civil and Regulatory Complaints filed against them for failing to recognize that some interior water damage was caused by rain;  we’ll have to spare you the details of these cases for another post.

Wind driven oil might become a reality for insurers, property owners and every living thing on the Gulf Coast line.

We’re not talking about requiring the heartless destruction that Mother Nature rained down on the Gulf in late summer of 2005, but rather only needing ~70 mph gusts to drive that oil right off the coast line and up into the air.  How far it travels likely depends on how fast the wind is moving and several other factors, but one thing is for sure; if cinder-block buildings couldn’t stand the wind, neither will the oil.  It’s true that we’re here attempting to calculate the potential risk to property late on a Wednesday night, but what about the rest of the Gulf?  We’ll just have to leave that up to the scientists and engineers, but if our calculations are correct it could be devastating to vegetation, nature and property.



While the news headlines, scientists, meteorologists and everyone else is talking about how hurricane season might carry the oil around the Gulf, it seems almost foolish to doubt that mother nature couldn’t put an unpredictable amount of that oil on land.  Even if Hurricane season doesn’t make a full on strike against the Gulf. I’m willing to bet insurers will have a hard time denying the window cleaning bill, at minimum. Leave a comment!

Phillip Crimaldi is associated with  Peak Claims, Inc. -  A Denver, Colorado based cargo damage surveying and claim services company.

Our Denver insurance claim services office has taken notice to the rapidly evolving concept that, at least in Colorado, there has been an immense growth in the number of “hail damage” roofing and exterior structure component related businesses over the last few years.  Unfortunately we can’t speak for everyone but some of our colleagues in the area contribute this increase is a direct result of population growth in Colorado over the same time line.  A quick glance on Google’s Public Data chart shows a massive 5.93% population growth rate from 2005 to 2008 for Colorado, but we also note other states have seen a notable increase in contractors while population declines.  We assume Denver to be the highest concentrated advertisement area for these hail damage and roofing related businesses and note it’s population also grew at an astounding 5.89% for the same period.

We know that population growth was evident throughout the area but does that mean the number of roofs in the area grew so rapidly that it caused a major and rapid amplification in the number of roofing businesses?  What about the number of roofing businesses that claim to specialize in hail or wind related damages?  While we’re working on compiling data about the actual number of roofing related businesses (read as businesses with “roofing” or “hail” in their name), several questions remain about the legitimacy of these companies advertising themselves as insurance adjusters, experts, or having public adjusters operating out of the same offices.  Some have even gone as far to say they have independent adjusters on staff, or that they have public adjusters waiting to prove the need for their often excessive costs of $600 per square foot on regular 3 tab asphalt composition residential roofing.

What do you think of these roofing related businesses? Assuming all of the damages were legitimate – are the costs that some of these companies associate with them? Read more…