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February 18, 2009

2008 CAT LOSS RECAP (3)

ISO: Insurers to Pay $25.2 Billion in 2008 Catastrophe Claims

Preliminary analysis by ISO’s Property Claim Services Unit (PCS) reveals that U.S. property/casualty insurers are expected to pay homeowners and businesses $25.2 billion for 2008 property losses from 37 catastrophes—the fourth-highest cost and highest frequency in a decade.

Insurers paid 3.9 million claims for damage in 40 states as a result of 37 catastrophes in 2008, PCS estimates. ISO says more than 2.7 million personal lines claims accounted for 64% of the $25.2 billion loss, while 340,000 commercial lines claims accounted for 27% of the total loss and 876,000 vehicle losses accounted for 9%.

Hurricanes, severe weather, winter storms and tropical storms comprised the 37 catastrophes in 2008, with hurricanes causing the largest loss, currently estimated at $13.3 billion in insured damage. Severe weather events—those producing damaging winds, large hail, tornadoes and flooding—caused an estimated $10.5 billion in losses, whereas winter storms resulted in more than $1 billion in losses and two tropical storms cost insurers $300 million.

Texas ($10.2 billion) was first among the 40 states experiencing insured losses from catastrophes in 2008, followed by Louisiana ($2.2 billion), Minnesota ($1.6 billion), Ohio ($1.3 billion) and Georgia ($1.0 billion).

“There are several extraordinary characteristics of the 2008 catastrophes,” says Gary Kerney, AVP, PCS. “Foremost are the six consecutive tropical systems that made landfall on U.S. coastlines. Unusually frequent tornado touch-downs and related insured property damage contributed to record-setting frequency and significant losses in the first six months of 2008. All of this activity was followed by a very quiet fourth quarter in which PCS declared only one catastrophe—a winter storm in mid-December.”

ISO goes on to note that the 37 catastrophes—any event that causes $25 million or more in insured property losses and affects a significant number of policyholders and insurers—in 2008 are the highest frequency in a decade, tying the number of catastrophes in 1998.

For more information on related topics, visit the following channels:


Claims

Risk Management

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CAT LOSS 2008 RECAP (2)

2008 cat losses estimated at $25.2 billion

Posted On: Jan. 20, 2009 9:51 AM CST

JERSEY CITY, N.J.—Catastrophes cost U.S. property/casualty insurers about $25.2 billion in insured property losses last year, the Insurance Services Office Inc.'s Property Claim Services unit reported Tuesday.

Jersey City, N.J.-based PCS said insurers paid 3.9 million claims for damage in 40 states from 2008's 37 catastrophes. Hurricanes caused the greatest losses at $13.3 billion, with two additional tropical storms generating an additional $300 million in insured losses. Severe weather events—those producing tornadoes, hail and flooding—cost an additional $10.5 billion. In addition, winter storms caused more than $1 billion in insured property damage in 2008.

PCS said the majority of the claims involved personal lines, which accounted for 64% of the $25.2 billion, with commercial lines accounting for 27% and vehicle losses the remaining 9%.

Texas sustained the greatest losses at $10.2 billion, followed by Louisiana at $2.2 billion, Minnesota at $1.6 billion, Ohio at $1.3 billion and Georgia at $1.0 billion.

Last year's catastrophe loss total was the fourth highest in a decade and the highest since 2005, when Hurricane Katrina and other hurricanes helped drive total insured catastrophe-related property losses to $62.3 billion, according to PCS.

PCS defines a catastrophe as an event that causes at least $25 million in insured property losses and that affects a significant number of policyholders and insurers.

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2008 CAT LOSS RECAP

National News

Insurance Claims for 2008 U.S. Catastrophes to Top $25 Billion

U.S. property/casualty insurers are expected to pay homeowners and businesses $25.2 billion for 2008 property losses from 37 catastrophes — the fourth highest cost in a decade and the highest frequency in a decade, according to preliminary analysis by ISO's Property Claim Services Unit.

PCS estimates that insurers paid 3.9 million claims for damage in 40 states resulting from 2008's 37 catastrophes. More than 2.7 million personal lines claims accounted for 64 percent of the $25.2 billion loss, while 340,000 commercial lines claims accounted for 27 percent of the total loss, and 876,000 vehicle losses accounted for 9 percent.

The 37 catastrophes in 2008 were the result of hurricanes, severe weather, winter storms, and tropical storms. Hurricanes caused the largest loss, currently estimated at $13.3 billion in insured damage. Severe weather events — those producing damaging winds, large hail, tornadoes, and flooding — caused an estimated $10.5 billion in losses. Winter storms resulted in more than $1 billion in losses, and two tropical storms cost insurers $300 million of the total $25.2 billion loss.
Among the 40 states experiencing insured losses from catastrophes in 2008, following are the states with the largest losses:

Texas
$10.2 billion
Louisiana
$2.2 billion
Minnesota
$1.6 billion
Ohio
$1.3 billion
Georgia
$1.0 billion

Gary Kerney, assistant vice president, PCS, said there are several "extraordinary characteristics" of the 2008 catastrophes.

"Foremost are the six consecutive tropical systems that made landfall on U.S. coastlines. Dolly, Eduoard, Fay, Hanna, Gustav, and Ike struck along the coastline stretching from southern Texas to Virginia. Unusually frequent tornado touchdowns and related insured property damage contributed to record-setting frequency and significant losses in the first six months of 2008. All of this activity was followed by a very quiet fourth quarter in which PCS declared only one catastrophe — a winter storm in mid-December."

The 37 catastrophes in 2008 are the highest frequency in a decade, tying the number of catastrophes in 1998, 11 years ago.


Source:ISO's PCS

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December 31, 2007

2007 TEXAS WEATHER EVENTS

2007 in review

N. Texas weathers storms

Star-Telegram staff writer

Megan Lipscomb, 8, stares at tornado destruction in Haltom City with her father, Andrew, a code enforcement officer for the city. The tornado killed one man and caused extensive damage on April 13.
Star-Telegram/M.L. Gray
Megan Lipscomb, 8, stares at tornado destruction in Haltom City with her father, Andrew, a code enforcement officer for the city. The tornado killed one man and caused extensive damage on April 13.

In a normal year, three people die in North Texas from flash flooding.

By any reckoning 2007 was anything but normal. While the year may be remembered for tornadoes in North Texas -- including a deadly one in Haltom City -- flash floods during the rainiest days from March 30 to July 5 were especially deadly, with 21 people fatally washed away by floods, according to the National Weather Service office in Fort Worth. (Lightning strikes, tornado and heat caused the other five deaths directly related to weather this year.)

Here are instances when severe weather dominated the news this year:

The rain

1 Texas has a reputation for extreme weather. This year fit the bill.

When the year began, it seemed like we might never see rain again. After above-average rainfall in January, February was parched, as it had been for the previous two years. In late March meteorologists were still teetering about whether a harsh drought would plague the area with cracked river beds and wildfires for a third consecutive summer. The water level at Lake Bridgeport was 17 inches below normal.

Then it rained.

And in May a weak upper-level disturbance combined with copious amounts of tropical moisture made it rain harder.

And then in June it seemed like it might never stop raining.

On June 18, a pair of storm systems collided over far North Texas, dumping 8.5 inches of rain on Gainesville and 12 inches on Sherman. One family's trailer home was carried away by a raging nearby creek, killing three.

In the Hill Country -- called "flash flood alley" by some -- the rain fell even harder. In late June, Marble Falls got 19.5 inches of rain in nine hours. State and local officials were inundated with distress calls.

For 2007, Dallas/Fort Worth Airport has received 50.04 inches of rainfall -- the fifth time since 1899 the area reached 50 inches. A good chunk of that -- 22.59 inches -- fell in little more than two months, from May 1 through July 3. The Fort Worth office of the National Weather Service issued an "almost unprecedented" number of warnings. (For 2007, there were 55 tornado, 496 severe thunderstorm and 570 flash flood warnings issued.)

The lack of rain

2 So the late spring/early summer deluge put 2007 on the "wettest years ever" list.

On the other hand, August, October and November were all below normal for rainfall in North Texas. In the nearly six months since July 5, daily rainfall hit an inch only twice.

Meteorologists have placed parts of North Texas in the "developing drought" category, although it's too soon to tell whether it'll turn into a trend.

"It was so wet in the spring that it's going to end up as a wet year," said Bill Bunting, meteorologist-in-charge of the weather service's Fort Worth office. "But you know the old saying -- if you stand with one leg in a bucket of hot coals and the other leg in a bucket of ice, on average you're comfortable. It just goes to show how quickly we can flip the switch and go from one extreme to the other in Texas."

The mobile home park

3 When severe weather hit Tarrant County, it seemed to home in on Haltom City.

On June 17, flooding destroyed nine mobile homes in the Skyline Mobile Home Estates in Haltom City and caused moderate to severe damage to 90 others. A 4-year-old girl drowned.

As a resident since 1955, Haltom City Mayor Bill Lanford can remember a spring -- 1957 -- when the waters rose to the door of his house. This was worse.

"Certainly this was the worst to my knowledge," Lanford said.

The Skyline park, which was in a flood plain, was a chronic problem site; it had flooded as recently as March. After the June incident, Haltom City officials decided not to allow residents whose homes were destroyed or severely damaged to rebuild.

Prescience?

On July 3 a torrential afternoon downpour once again sent water over the banks of Whites Branch Creek and into the park.

Six months later, issues remain for the 11 uninhabited trailers left as debris in the flood zone. City officials are in the process of legal maneuvering to allow them to remove the former homes within a month or two, Lanford said.

Haltom City tornado

4 Severe storms caused about 600 tornadoes of varying destructive power in the Great Plains and South this year.

On April 13, two tornadoes were confirmed in a storm system that swept across Haltom City and northeast Fort Worth. This was a year when severe weather seemed to home in on Haltom City.

The Haltom City tornado was estimated to have wind speeds up to 110 mph -- weak as far as tornadoes go, meteorologists said. You couldn't tell from the damage.

Marc Patterson, 40, a Fort Worth air-conditioning repairman, was crushed under a lumber bin at his friend's lumberyard in Haltom City and died. A row of homes south of Texas 121 was completely wiped out. (It has since been cleared and is zoned commercial.) The Insurance Council of Texas estimated the damage from the tornadoes at $100 million.

The community rallied around the damaged area.

"Our neighbors all responded -- it was just phenomenal," Lanford said. Cities helped, as did private supporters. The Red Cross was there. The state responded. Although there were complaints about the bureaucracy of aid, the initial federal response was positive, officials said.

Valley Missionary Baptist Church in northeast Fort Worth was leveled by the tornado. Luckily, there had been no choir practice that night, as there usually was. Still, the loss was tangible. The church was considered the heart of the Garden of Eden neighborhood, Tarrant County's first African-American community. (Through anonymous donations, including help from several of the larger area churches, rebuilding is under way, pastor James Redd Jr. said.)

The hail

5 On April 13, severe weather wasn't limited to the Haltom City tornado.

Other residents shared in the misery. About 20,000 homes and 30,000 vehicles were damaged by hail. Seemingly everybody in northeast Fort Worth, Haltom City, North Richland Hills and Hurst had pock marks and dings, or worse. That Friday -- yep, a Friday the 13th -- 23,000 customers lost electricity.

Through early May, severe storms brought further peltings from the sky.

At one point, just about every city got hit with large hail. For example, Colleyville's hailstones were the size of tennis balls.

The Brazos

6 Hand-wringing turned to resignation in late June as the incessant rain swelled the Brazos River, then threatened to bust the water-supply reservoirs at Possum Kingdom Lake and Lake Granbury. As Possum Kingdom Lake filled, as many as four of nine spill gates were opened to release 275,283 gallons per second downstream. At Lake Granbury, as much as 374,025 gallons per second were released.It had to be done.

Not doing so would mean uncontrolled water flow, possibly damaging the dams and nearby property.

Downstream from the Morris Sheppard Dam, more than 2,000 residents were told to evacuate. Not everyone complied, fearing looters. As the Brazos River levels rose, large portions of the Horseshoe Bend and Rio Brazos neighborhoods were flooded. In less than 20 minutes, waters rose from outside yards to waist-deep inside homes. High-water rescues were done using personal watercraft and boats. Damage was widespread. One resident accidentally shot himself in the leg. Officers had to go in by boat to rescue him and take him to the hospital. Emergency services and law enforcement rolled around the clock for the better part of a week.

"My gosh, what can you really say about that?" Parker County Sheriff Larry Fowler said. "The amount of time and energy and manpower that had to go into that was remarkable."

The freak ice storm

7 In mid-January, just as the Fort Worth Stock Show and Rodeo was rounding into shape, a winter storm sent a shot of snow and ice blasting through. Forecasters said the ice would likely stay south of the Metroplex.

Nope.

The ice storm's center moved 50 miles up from the southwest -- putting the storm right on top of Fort Worth and Dallas. Ice mucked up traffic at the Fort Worth Mixmaster, on Texas 183 in Northeast Tarrant County, on Texas 360 in Arlington and on Loop 820 in Fort Worth and North Richland Hills. Inaccurate media reporting added to the confusion, as parents left work to pick up their children from school, believing some districts had closed when they hadn't.

On the good side, it was our one chance this year to make snowmen.

Texas: not cold, but cool

8 When the final numbers are in, it's likely that 2007 will wind up as the eighth-warmest year for the contiguous U.S. since national records began in 1895, according to the National Climatic Data Center. The year was marked by exceptional drought in the western U.S. (Remember the October wildfires that caused the largest evacuation in California history?) Through November, surface temperature for planet Earth was the fifth-warmest since records began in 1880. Heck, it was even frost-free in Nome, Alaska, from June through September.

Of course, one U.S. state -- Texas -- bucked that trend.

With all that rain during the summer months that are typically scorchers for us, we were the only state in the contiguous U.S. with below-average temperatures for the year.

We didn't get a white Christmas this year, but we did get snow flurries on Thanksgiving to go with our turkey.

Deaths, injuries

The Fort Worth office of the National Weather Service monitors an area roughly bounded by Waco, Killeen, Palestine, the Red River and Young County. Flash flooding was by far the deadliest severe-weather category in 2007, through Dec. 24. (Heat is a hard category to record accurately because of the many factors that contribute to such deaths.)

Floods

21 deaths, 4 injuries

March 13: One injured in Dallas County as flash flooding sweeps a car away.

March 30: One death in Palo Pinto County, a man driving near Possum Kingdom Lake killed by flash flooding. One death in Bell County, a boy swept away in floodwaters. One death in Tarrant County, a man washed into Marine Creek. One death in Van Zandt County, a man washed away by high water.

May 2: One woman drowned in a flash flood in Comanche County.

May 24: Four dead in Bell County, killed by flash flooding. Two dead in Coryell County, killed by flash flooding.

May 29: Two dead in Somervell County, killed by flash flooding.

June 17: One death in Tarrant County, flash flooding of a Haltom City mobile home park.

June 18: Two dead in Grayson County, flash flooding on Texoma Parkway and at an intersection. Three dead in Cooke County, drowned after a mobile home flooded, floated and hit a bridge.

June 26: One dead in Dallas County, killed by flash flooding in Garland.

July 2: Three injured in Tarrant County in a high-water rescue of children playing near Johnson Creek.

July 5: One death in Coryell County, a man who went to a fireworks display and was found in Cowhouse Creek.

Lightning

2 deaths, 2 injuries

March 13: One injury in Henderson County.

May 1: One death and one injury in Milam County.

May 2: One death in McLennan County.

Tornadoes

1 death, seven injuries

April 13: One man killed in Haltom City.

June 17: One injured in Lampasas County.

June 25: One injured in McLennan County. Five injured in Wise County near Decatur.

High winds

No deaths, two injuries

April 24: One injury in Lamar County, a person hit in the face by flying debris in high wind.

May 2: One injury in Hamilton County, a person trapped in mobile home during high winds.

Heat

2 deaths, no injuries

August 10: One death in Tarrant County

August 12: One death in eastern Metroplex.

Source: National Weather Service

okada@star-telegram.com
BRYON OKADA, 817-390-7752
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PUEBLO UPDATE

Roofing will continue for months

By JOHN NORTON
THE PUEBLO CHIEFTAIN

Puebloans can expect to continue hearing the rhythm of nail guns for many months as roofing crews handle the damage from the massive Aug. 23 hail storm.

Steve Blanton, manager of Empire Roofing, said that jobs are likely to stretch through summer. With winter conditions slowing work, he said, home and business owners can expect waits of 3-4 months from the time their insurance company OKs the work to when it gets started.

Because re-roofing can often mean removing old layers and exposing attics, crews have to work around days like Thursday with its snowfall. Blanton said he keeps a close eye on weather forecasts.

His company has been doing work in Pueblo and Colorado Springs since both cities were hammered by the summer storm, he said. It’s been a challenge to find crews, but the business has been able to line up workers.

Veteran roofing contractor Gerald Turner, who started Turner Roofing a year and a half ago after 35 years with a family business, said that he also expects the aftermath of the August storm to run into next summer. Things have slowed down with the weather, he said, and many customers asked to hold off on work until after the holidays so as not to disturb Christmas lights.

He said that out-of-town companies came in and relieved the pressure, but he expects demand for new roofs to be high for months to come.

After that, he’s hoping for an upturn in new-home construction.

“We were doing 10 new houses at a time,” he said, “Now it’s only one.”

He said that analysts predict things will get better in construction in 2009, so that should work out for roofers, unless there's another big storm.

While work continues, so do claims. Katie Aplin, spokesperson for State Farm Insurance, said that claims are still trickling in as Puebloans decide they need to have their roofs checked for damage. As of now, she said, the company has received 4,295 homeowners’ claims and 3,247 for damage to vehicles. That has cost the company’s homeowners’ operation $24.1 million and $10.6 million on the auto side.

She said that not all claims are for new roofs.

“We look at what’s most cost-effective. Is it better to repair or replace the covered damage?”

She added that customers are encouraged to replace roofs with hail-resistant shingles and that their agents can fill them in on what kind of discounts that can earn in premiums.

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December 20, 2007

BASHING RECORDS DOWN UNDER

Hail costs insurers nearly $300m

Article from: The Daily Telegraph

    December 20, 2007 01:47pm

    THE hailstorm that lashed Sydney earlier this month will cost insurer Suncorp as much as $180 million and rival IAG, $105 million.

    Suncorp, which offers policies under the GIO and Aami brands, today put a range of $150-$180 million on the bill from an estimated 23,000 claims.

    Suncorp told the Australian stock exchange this morning that the majority of claims from the damage are for personal insurance, 65 per cent of them relating to motor vehicles.

    Only a small proportion related to commercial insurance.

    Suncorp chief executive John Mulcahy said the group had experienced a number of serious weather events during the first half of the 2008 financial year, which will impact profit in the first half.

    "While these events will have a material impact on the group's first half profit, it is too early to update the insurance trading margin until all matters affecting this calculation are completed," he said.

    "These include the half year end actuarial calculations and the mark to market impact of widening credit spreads on the Group's technical reserve investments.

    "It should be noted that the mark to market impact of widening credit spreads is purely a timing issue, which will unwind in future periods. There is no suggestion of credit losses in this portfolio."

    Meanwhile IAG - the old NRMA and one of the most commonly owned shares in NSW - today downgraded its annual margin guidance after the company received more than 21,000 claims.

    IAG said its insurance margin would be between nine and 11 per cent in fiscal 2008, down from earlier guidance of 11 to 13 per cent.

    The impact of the storms in the first week of December would cost about $105 million, net of reinsurance, IAG said.

    Chief executive Michael Hawker said about 60 per cent of the claims received were for hail-damaged cars.

    "We process claims as quickly as possible, however, with an event of this magnitude it takes time to finalise claims," he said.

    "Our NRMA Insurance assessing centre in Blacktown would usually assess around 250 claims a week from Monday we have been assessing around 2,500 - a ten-fold increase.

    "We've flown in assessors from Western Australia, South Australia, Queensland and regional NSW and we have also placed additional staff in our teleclaims area."

    IAG said Sydney was experiencing the wettest year since 1998, resulting in increased claims frequency within the group's major portfolios.

    "These storms are the third event in less than two years to each have a total personal lines claims cost over $100 million, following Cyclone Larry in March 2006 and the Queens Birthday weekend storms in June this year," IAG said.

    "This is further evidence weather patterns are changing, which will have an impact on premiums."

    The June storms wiped $200 million from IAG's fiscal 2007 profit, which fell 27 per cent.

    IAG said should a third catastrophic event occur in Australia during the remainder of calendar 2007, its main catastrophe reinsurance arrangements would provide cover for any claims costs over $75 million.

    The retention level for the additional commercial component, subject to a separate cover, remains at $25 million.

    IAG shares had recovered from a modest early fall to be unchanged a short time ago at $4.12.

     

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    December 13, 2007

    CANADA HAIL TOTALS 2007

    $150 million payout for hail damage

    Mike Sadava, edmontonjournal.com

    Published: Tuesday, December 11

    EDMONTON - A record 89 hailstorms flattened farmers fields in the summer, resulting in a $150 million loss for Alberta's crop insurer.

    "It was a bad year for farmers and a bad year for us ...," said Gilbert Goudreau, manager of adjusting services for Agriculture Financial Services Corp. which paid out more than 7,200 hail-related claims this year, a record.

    "Usually, certain areas will get hit by hail but this year, whether it was Peace River or Lethbridge, there was heavy hail across the province."

    Local farmers got hit five times, which kept claims adjusters busy, he said.

    Many farmers have both a hail endorsement on their crop insurance, as well as straight hail insurance. The total number of farmers filing claims was around 5,500, more than one-third of the insured farmers, he said.

    There will likely be an increase in next year's premium, but the rate is based on a long-term, 25-year average to make the crop insurance system run on a break-even basis, he said.

    Hail is such a problem in Alberta that the insurance industry spends $2.5 million on seeding clouds to reduce the size of hailstones.

    A major hailstorm can cause millions of dollars in damage. Insurance companies have pooled their resources to seed mostly in the heavy hail areas of central Alberta and around Calgary.

    "We're certainly convinced that this helps bring premiums down," said Michael Debolt, government affairs manager of the Alberta branch of the Insurance Bureau of Canada. "It is a worthy investment to do that."

    David Phillips, senior climatologist with Environment Canada, said from Toronto that seeding doesn't stop hail storms, but reduces the size of the stones.

    Hail forms when moisture from clouds creates ice crystals around small particles of dust. There is only a certain amount of moisture in a cloud. When particles of a substance such as silver iodide is added, more hailstones are formed, but they are much smaller and less damaging.

    A wet spring followed by intense heat in July created the perfect recipe for big hailstorms, Phillips said.

    The same conditions that produced the bumper crop that was growing last summer were also conducive to violent storms, and the feverish growth of the plants add to the moisture in the air and feed storm conditions, Phillips said.

    Major storms were common across the Prairies this summer, he said.

    There was a record 410 severe weather events, which include wind storms, drenching rain, tornadoes and hailstorms in Alberta, Manitoba and Saskatchewan, breaking the record 297 in 2006. One hail storm in Dauphin, Man., damaged 60 per cent of the vehicles to the extent that they are writeoffs.

    While the past two summers of extreme weather is consistent with climate change, Phillips said it is not a "smoking gun" that proves global warming.

    Part of the increase in the number of storms is reflective of better reporting, he said.

    "There's more property damage now, but not necessarily because there's more storms, but because there's more property being covered."

    msadava@thejournal.canwest.com

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    August 22, 2007

    FROM SLOW TO GO GO GO/pdrtechgear article

    Well better late than never August 2007 has been a very welcome month to fellow PDR techs across to U.S and Canada.

    With the activity seen this should keep most well networked Technicians working untill the end of the year likley into 2008.

    This season started very light with little hail damage Cat losses to go to IE: FT WORTH ,ST CLOUD MN, those of you on the road all year such as most of our staff saw swarms of competition for such loss areas, and wittnessed deep discount work with heavy motivation by larger firms to SAVE PEOPLES DEDUCTIBLES, REPLACE GLASS FOR FREE, MIRRORS ECT.

    The practice of Deductible discounting can get your bays full no argument about that, but at what residual cost to You as a Technician puting long days in for discounted salarys, to You as an Owner creating a discounted work Environment starting a cycle of production strain trade wide. 

    Forceing the industrie to make up what You, We used to have on the estimate to begin with.

    Example 10 cars @ $500.00 discount = $5000.00 lost production=production strain,

    Example 10 cars @ 1000.00 discount $10,000.00 in priduction strain.

    Most well run PDR Operations can do 60 -100 cars in a good Cat loss.

    The effect of these type of discounts ARE NOT SOUND PRACITCE  60 x $500.00 = $30.000  $60.000 @ $1000.00

    WHEN YOU GO TO THE DOCTOR OR SURGEN FOR THE OPERATION YOU REQUIRE DO YOU ASK OR DO THEY MAKE AVALIBLE THE POSSIBILLITY OF A SAVINGS IN DEDUCTIBLE ?    NO

    Changes to the PDR industrie from an Insurance point of view are well under way that will soon corner Cat hail losses to the larger PDR firms that are entering into Direct Repair Agreements.

    A prior Auto Hail Repair Story covers this.

    In short independent will have 0 accsess to a large pool of major insurance co insureds due to future policy wording, and or verbal company lines communicated to their insureds.

    With my prior Collision Repair experience I witnessed this first hand in the early 90s in the Chicago metro area with the Direct repair program rollout, and some shops got pushed around really good to the point if you want to work . They had to sign up for the program 

    Ok the point is consolidation is almost complete, independent Technicians must get bigger or start thinking of the real future of PDR.

    Lets keep the Matrix intact, write the repair damge correctly, and understand discounting deductibles yes will fill bays but have and will Cut deep into the heart of the future of PDR.    

    P.S THANKS FOR ALL THE VEIWERS OF THIS BLOG YOUR ACTIVITY HAS MADE THIS SITE TOP 50 IN ALL MAJOR SEARCHES.

    Mike

    www.pdrtechgear.com/blog 

    COMMENTS OR FEEDBACK IS NEEDED AND ALWAYS POSTED TO MAKE THIS BLOG THE MOST COMPLETE AUTO HAIL REPAIR NEWS SITE ON THE WEB.   

           

        

      

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    August 20, 2007

    Dauphin hail damage could cost MPI $8M/AUTO HAIL REPAIR

    By ROB NAY, SUN MEDIA

     
    Baseball-sized hail shattered windows, cracked windshields and dented vehicle bodies. HANDOUT

    Damages could climb to $8 million for vehicles caught in a storm that hammered Dauphin last week, Manitoba Public Insurance said yesterday.

    "We'll probably be closing in on 3,000 claims by the end of Monday," said MPI spokesman Brian Smiley.

    Estimates range from $6 to $8 million for total vehicle damages as a result of the Thursday night storm, said Smiley.

    The system brought baseball-sized hail and high winds to the community about 300 km northwest of Winnipeg.

    Vehicles throughout Dauphin had shattered windows, cracked windshields and dented bodies.

    All 200 vehicles at Barry Forman's Ford automobile dealership suffered damage in the storm. "It looks like a war zone," he said.

    Brad Collett, chief administrative officer for the City of Dauphin, had two vehicles damaged in the hail. Numerous homes and businesses also had windows shattered, he said. "There's tremendous glass damage," said Collett.

    Continue reading "Dauphin hail damage could cost MPI $8M/AUTO HAIL REPAIR" »

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    June 07, 2007

    SLOW AUTO HAIL REPAIR SEASON ?

    AFTER TALKING TO SEVERAL TECHS AND PDR SHOPS IN THE LAST FEW WEEKS THIS 2007 HAS BEEN PUT AS A SLOW PDR SEASON.

    THE DALLAS FORT WORTH AREA SEEMS TO BE THE MOST ACTIVE IN THE NATION ALONG WITH COLUMBUS GA AND SOME PARTS OF MINN.

    PDR TECH GEAR WILL BE WATCHING THE CURRENT WEATHER IN THE UPPER MIDWEST WITH HOPES OF A PICK UP FOR THE END OF THE 2007 HAIL SEASON.   

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    May 09, 2007

    TEXAS WHAT ARE YOU DOIN TO THE MARKET?

    dallas craigslist > automotive services > Paintless Dent Repair---Hail Damage Repair--Local Shop

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    Paintless Dent Repair---Hail Damage Repair--Local Shop


    Reply to: mvp.weldon@yahoo.com
    Date: 2007-04-28, 4:00PM CDT


    24 Yrs same location. Work done in-house or at your site. Insurance Approved. Let us help you Save up to $500.00 off your Deductable. 7 days a week. Call for Appointment. 817-831-9763 M V P Auto Collision - Weldon - no emails please.






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    M V P AUTO COLLISION --Paintless Dent Repair--Hail Damage Repair


    Reply to: mvp.weldon@yahoo.com
    Date: 2007-04-28, 3:56PM CDT


    Paintless Dent Repair, Hail Damage Repair, OPEN MON.-SAT., HIGH END INDEPENDENT PAINT & BODY SHOP,24 YRS. SAME LOCATION. APPROVED BY ALL INSURANCE COMPAINES. CUSTOMER PAY & FLEET ACCOUNTS WELCOME. CUSTOM PROJECTS ALSO WELCOME. IT MAY NOT COST AS MUCH AS YOU THINK TO GET YOUR RIDE LOOKING GOOD AGAIN. MOST ESTIMATES FREE. ( NO ESTIMATES OVER PHONE , I CAN NOT SEE YOUR VEHICLE ). Don't let a $300 dent, scratch, or peeling paint cost you thosands of dollars in trade in value.CALL TO GET DETAILS - WELDON 817-831-9763 LET US HELP SAVE YOUR DEDUCTABLE UP TO $500 est.1984 Please No emails!!!






    • Location: TARRANT COUNTY AREA
     
     
    THIS IS JUST A FEW EXAMPLES OF THE ENVIRONMENT IN THE DFW NOW PROPER REPAIR IS NOT THE KEY FACTOR IN THIS AREA.
     
    BODY SHOPS HAVE GONE AS FAR AS TAKEING BILLBOARD SPACE ON HWY 820 WITH THE ADS READING "SAVE YOUR DEDUCTIBLE UP TO $500.00"
     
    TECHS BEWARE SHEETS IN THE AREA ARE LOW BALLED AND DISCOUNTED UP TO $1000.00
    THIS MAKES FOR A HARD DAY... 


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    March 28, 2007

    ANOTHER DRP PROGRAM AIMED AT THE BODY SHOPS

    PDR Tech Direct site allows body shops to build hail teams
    Automotive Body Repair News

    DES MOINES, Iowa — PDR Tech Direct has announced the launch of a new Web-based service that will allow repair facilities of all types to locate and build temporary hail teams to meet their specific needs during a hail event. This new service utilizes propriety Web-based software along with the first CSI/Feedback Rating system tailored specifically for the Paintless Dent Repair (PDR) industry that will allow body shops, dealerships, fleet companies and port services to locate and assemble their own hail teams based on an advanced search engine and a proprietary Feedback Rating system that allows them to review each PDR technician’s experience level, qualifications, travel range and past performances.

    According to Mike Thorson, president of PDR Tech Direct, “The PDR Tech Direct business model will increase the profitability of the repair facilities and the technicians themselves during a hail event by allowing the facilities to locate and connect directly with world-class PDR technicians to build their own hail teams to meet their exact needs.”

    According to Thorson, the CSI/Feedback rating system encourages consistent high quality performances from the PDR technicians by placing the technicians with the highest overall performances at the top of the list as the PDR Tech Direct clients locate and recruit the PDR technicians with the highest feedback ratings to build their hail teams.

    “We strongly believe that as the PDR Tech Direct model is adopted and the CSI/Feedback Rating system develops further in the next year, the traditional body shop/hail broker/PDR technician business model that has been prevalent in the last decade will give way to a direct-repair facility/PDR technician relationship that will increase the profitability of both parties,” says Thorson. “If repair facilities/DRP programs out there are dissatisfied with their current hail repair program, they may find building their own temporary hail teams through PDR Tech Direct is a more direct approach to increased profitability, improved cycle times, and satisfied customers during a hail event.”

    PDR Tech Direct is based in Des Moines, Iowa, and is a subsidiary of Dent Estimators llc. a company the specializes in PDR consulting services and software tools for the PDR and automotive reconditioning industry.

    For more information visit www.pdrtechdirect.com.

     
    PDR Tech DirectFAQ

    What is the fee for utilizing the PDR Tech

    Direct Service?

     

     

    As a PDR Technician, it costs you nothing to sign up to the PDR Tech Direct Service.

    You will only be assessed a $35 dollar processing fee for each day that your

    services have been acquired through the PDR Tech Direct Service.

    Utilizing the PDR Tech Direct Service could save you Thousands of dollars a WEEK

    over the course of the Hail season.

    PDRTECHGEAR TALKED TO JERRY @ TECHDIRECT AND HE SAID THE PROGRAM IS 15 DAYS OLD HE HAS HAD SOME CONTACT WITH LARGER CONSOLIDATOR BODY SHOPS WE ARE JUST IN THE PROCESS NOW OF SIGNING UP TECHS ATE THIS TIME 03/28/07

     

    NOTE: NO DIRECT E-MAIL AT THERE WEBSITE THIS IS THE PHONE # 800 466-7138

    Tuesday January 23

    PDR Tech Direct Helps Body Shops Build Temporary Hail Teams

    PDR Tech Direct has announced the launch of a new web based service that will allow repair facilities of all types to locate and build temporary hail teams to meet their specific needs during a hail event. This service utilizes propriety web-based software along with the first CSI/Feedback Rating system tailored specifically for the Paintless Dent Repair Industry that will allow body shops, dealerships, fleet companies, and port services to locate and assemble their own hail teams based on an advanced search engine and a proprietary feedback rating system that allows them to review each PDR technician's experience level, qualifications, travel range, and most importantly, past performances.

    Mike Thorson, President of PDR Tech Direct, commented, “The PDR Tech Direct Business Model will increase the profitability of the repair facilities and the technicians themselves during a hail event by allowing the facilities to locate and connect directly with world-class PDR technicians to build their own hail teams to meet their exact needs. The CSI/Feedback Rating system encourages consistent high quality performances from the PDR technicians by placing the technicians with the highest overall performances at the top of the list as the PDR Tech Direct Clients locate and recruit the PDR technicians with the highest feedback ratings to build their hail teams.”

    Thorson concluded, “We strongly believe that as the PDR Tech Direct model is adopted and the Feedback Rating system develops further in the next year, the traditional body shop/ hail broker/PDR technician business model that has been prevalent in the last decade will give way to a Direct Repair Facility/PDR technician relationship that will increase the profitability of both parties. If repair facilities/DRPs out there are dissatisfied with their current hail repair program, they may find building their own temporary hail teams through PDR Tech Direct is a more direct approach to increased profitability, improved cycle times, and satisfied customers during a hail event.”

    PDR Tech Direct is a Des Moines Iowa based company and is a subsidiary of Dent Estimators LLC, a company that specializes in PDR Consulting services and software tools for the PDR and Automotive Reconditioning Industry.

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