NU Online News Service, Oct. 14, 2:29 p.m. EDT, New Orleans—Adjusting terrorism-related losses presents stumbling blocks that are often not even thought of when dealing with non-terror claims, a claims expert told an insurance organization conference here.
The difficulties in handling such claims were discussed by Jonathan C. Held, president of J.S. Held Inc., a property damage appraisal and loss evaluation firm in Beverly, Mass., speaking at the Oct. 11-14 Society of Chartered Property Casualty Underwriters annual meeting.
“Even gaining access to the site may be difficult because it could be the subject of a police investigation, as was the case in the 9/11 catastrophe,” Mr. Held noted. So the most basic hurdle of reaching and seeing the damage can be temporarily impossible, he pointed out.
