Insurers reporting claims to the ISO ClaimSearch system should initially be focusing on losses in the auto and property lines, ISO said.
ISO released guidance for reporting claims in the wake of Hurricane Katrina in response to inquiries from claims departments seeking to know what information should be reported and how to go about doing so.
Given the overwhelming number of claims expected to be filed from New Orleans and the Gulf Coast region, and potentially from those areas affected by Hurricane Rita, "the immediate need is for comprehensive reporting of losses in the auto and property lines," said Richard P. Boehning, senior vice president at ISO. "We expect more claims over time, including the casualty lines as worker' compensation and liability claims begin to come in."
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