Contingency Plan Activated
Official Statement by R&G Espinosa and EBD Adjusters Alliance:
Colombia Lideslide leaves at least 254 dead and hundreds missing vía The Guardian
Rescue teams scramble to find survivors after heavy rains in Putumayo province cause mud, rocks and gushing waters to engulf city of Mocoa Colombian rescuers have been searching frantically for hundreds of missing people after the southern city of Mocoa was engulfed on Saturday by a huge landslide of mud, rocks and gushing waters that [...]
Extract from Radio Interview to Ernesto Bodenheimer
Finally, we talked to Engineer Ernesto Bodenheimer, loss adjuster and CEO of IBA Latinoamérica who explained to us the problems fires cause during this season, specifically related to fireworks, the agricultural machinery and other recent cases, furthermore making focus on the subject of Adjoining or bordering liability.. TdS: Ernesto, is it purely bad luck or [...]
Powerful 7.6 magnitude earthquake off the coast of Southern Chile
Our Contingency Business Plan has been activated. The quake struck at 14:22 GMT on the island of Chiloe, about 40km (25 miles) south-west of Quellon, the United States Geological Survey (USGS) said. Its depth was about 34km. Our "CAT Team", is composed of over 50 adjusters from our Chilean EBD alliance member, Duahalde – International [...]
Reinsurance saved Florida from catastrophic losses
Vía: Tallahassee Democrat While this year’s storms Hermine and Matthew brought an end to the state’s decade-long hurricane drought, they easily could have been stronger or cut a more destructive path. Indeed, had Hurricane Matthew tracked just 20 or more miles farther west, it would have raked the entire east coast of Florida, bringing the [...]
Main problems in the adjustment of claims in mobile machinery (road construction equipment, farming machinery)
This 2016 in Argentina and bordering countries there was a rise in claims in mobile equipment covered by Technical Insurance policies for “contractor’s equipment”. It should be taken into account if the coverage includes total and partial damages or only the first. Our office dealt with a large number of claims, of which several became [...]
SYMPOSIUM ALOSI 50 YEARS (CHILE)
Successfully accomplished in Santiago de Chile, the Second Symposium of the Association of Official Liquidators of Insurance (ALOSI in Spanish) took place on November 23, 2016. This event, titled “The Chain of Value in the Insurance Contract” was organized in time with the celebration of the 50th anniversary of this Association, counting with the active [...]
Tropical Storm Otto Pulling Away From Central America After a Record Late Hurricane Landfall in Nicaragua
Story Highlights: Otto made landfall Thursday afternoon in southern Nicaragua, and has now crossed into the eastern Pacific Ocean. Otto was the record latest-in-season hurricane landfall anywhere in the Atlantic Basin. Otto was also the strongest Atlantic hurricane on record this late in the season. Tropical Storm Otto is now in the eastern Pacific Ocean [...]
Otto forecast to become hurricane again: NHC
Tropical storm Otto was forecast to become a hurricane again on Thursday before weakening over central America after landfall, the U.S. National Hurricane Center (NHC) said on Wednesday. Otto, which had earlier weakened into a tropical storm after intensifying into a hurricane on Tuesday, was located about 220 miles (350 km) east-southeast of Bluefields Nicaragua [...]
Tropical Storm Otto is Now a Hurricane moving towards Central America
R&G Espinosa’s previous experience with Tropical Storms in the region have prompted us to place our CAT response team on standby. Our "CAT Team", is composed of 50 adjusters from our local offices and international partners, and are able to travel to the risk area to give priority assistance to you, our customers and clients. [...]