‘There’s just so much to wrap your hands around,’ warns president
The claims handling industry is facing an omnishambles of challenges. Skyrocketing building costs and massive delays in reconstruction have created a perfect storm – making it nearly impossible to predict final costs and driving insurers out of their wits.
“There’s just so much to wrap your hands around,” Peter Schifrin (pictured), president of SGD, told Insurance Business. “The huge surge in claims and the ability t