Property Coverage Ray Louviere State Risk Claims Adjuster IV 2009. Agenda. 2008 Review Lessons Learned Coverage Discussion Case Studies Warnings and Schemes Safeguarding Measures Questions and Comments. What a Year!. GUSTAV – 1700 and counting Throughout the state. What a Year!.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
State Risk Claims Adjuster IV
ORM is contractually obligated to cover 1st Party insured losses
Third party claims involve individuals who are making a claim against a State Agency or a State Employee
ORM is obligated to defend and indemnify claims against State Agency1st Party Vs. 3rd Party Claims
Most claims expire or prescribe 12 months after the date of loss.
Most losses can be reported anytime during this 12 month prescriptive period, but should be reported as soon as possible.
Employee bond claims are based upon the date of discovery.
The employee bond policy requires that the claim be reported within 90 days of the discovery date.
The suspect employee must be identified when the loss is reported.Date of Loss Vs. Discovery Date
Employee Bond Policy
Provides coverage up to $500,000 with a $1,000 deductible in the event of an employee mishandling of funds (i.e. embezzlement)
Provides coverage up to $2 million with a $1,000 deductible for theft against a State Agency by a non-state employee (i.e. burglary)
Office of Risk Management
P. O. Box 91106
Baton Rouge, Louisiana 70821-9106