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Turning Garbage into Gold

As any insurer or business owner knows, catastrophes can strike on any front without warning.

By Daniel S. Parsley | Updated on November 02, 2007

As any insurer or business owner knows, catastrophes can strike on any front without warning. Marine and inland marine insurers, property and casualty insurers, adjusters, and brokers all have a very specific job to do when disaster strikes, even before claims start pouring in.

When the catastrophe passes, insurers are focused on getting their clients’ businesses up and running again as quickly as possible. Unfortunately, relying on traditional techniques for salvage disposal, without structured processes, can leave money on the table — for both insurers and insured companies.

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