Product Integrates Property Risk Mapping, Insurance-to-Value Tools
National News • April 14, 2006
CDS Business Mapping LLC, a provider of online property risk mapping, and e2Value®, Inc., a provider of Insurance-to-Value Internet applications, have agreed to integrate e2Value's replacement ...
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Subject: Maps Lead The Way To, And From, A Desired Destination
Posted On: April 15, 2006, 12:57 pm CDT
Posted By: Roger Poe
Comment:
4-15-2006
Marshall Swift / Boeckh have similar replacement cost data, but it is much more refined [reconstruction] data.
Full / partial structural component loss reconstruction data, established from daily, and post catastrophe, loss claim markets, may give a clearer picture of future liability obligations for insurers, and adjusters.
Market conduct examinations can become more accurate, and revealing, by such loss value data mining...
How do actual reconstruction / replacement loss value components, established at an agents desk, compare to reconstruction / replacement claim loss value components presented to homeowner claimants
http://www.msbinfo.com/3_dyn_features.asp?prod_id=50
Part of the article states;
"Replacement costs, often calculated using outdated square- foot or unit-count methods, are based on prices for labor, materials, overhead, profit and fees that are in effect prior to the loss."
__________
Reconstruction costs contain the same base (labor, materials, overhead, profit and fees) construction contractor business costs, plus mobility overhead costs commonly encountered in reconstruction projects / markets.
Premiums can reflect those anticipated replacement / reconstruction business values.
Insured loss claim estimates should reflect those anticipated replacement / reconstruction claim loss values.
rogerpoegc@yahoo.com
Subject: Maps Lead The Way To, And From, A Desired Destination
Marshall Swift / Boeckh have similar replacement cost data, but it is much more refined [reconstruction] data.
Full / partial structural component loss reconstruction data, established from daily, and post catastrophe, loss claim markets, may give a clearer picture of future liability obligations for insurers, and adjusters.
Market conduct examinations can become more accurate, and revealing, by such loss value data mining...
How do actual reconstruction / replacement loss value components, established at an agents desk, compare to reconstruction / replacement claim loss value components presented to homeowner claimants
http://www.msbinfo.com/3_dyn_features.asp?prod_id=50
Part of the article states;
"Replacement costs, often calculated using outdated square- foot or unit-count methods, are based on prices for labor, materials, overhead, profit and fees that are in effect prior to the loss."
__________
Reconstruction costs contain the same base (labor, materials, overhead, profit and fees) construction contractor business costs, plus mobility overhead costs commonly encountered in reconstruction projects / markets.
Premiums can reflect those anticipated replacement / reconstruction business values.
Insured loss claim estimates should reflect those anticipated replacement / reconstruction claim loss values.
rogerpoegc@yahoo.com