Wednesday, March 03, 2010
Late one Friday afternoon, an employee of a sub-contractor was working on the roof of a construction project that was insured by Parker Smith & Feek through an Owner Controlled Insurance Program (OCIP.) The sub-contractor allowed a long armed piece of equipment to strike high voltage power lines, resulting in the worker sustaining first and second degree burns across his body.
Tuesday, September 15, 2009
A client’s computer system was ‘hacked’, by a group of unidentifiable individuals, illegally accessing their computer system to store data, which would be then used in other ‘hacking’ attacks.
As is common with hacking attacks, the usefulness of our client’s system diminished and the hackers disabled our clients’ entire computer infrastructure to remove any traceable information, causing multiple servers to shut down, disrupted their internet traffic and disabled their e-mai service.
Thursday, August 27, 2009
In December of 2006, windstorms slammed into Puget Sound and Southern British Columbia, producing hurricane-force wind gusts and heavy rainfall that caused several million dollars worth of damage and leaving over one million residences without power.
Thursday, August 27, 2009
During a periodic inspection a client discovered some corrosion and deterioration in the pier located directly underneath their downtown Seattle premises. The corrosion was significant and caused a portion of the building to become untenable.
Friday, May 29, 2009
A client faced a lawsuit, filed by a former business partner. The partner was requesting a substantial settlement because he claimed that the Parker, Smith & Feek client raided the partner’s employees putting his business out of operation. The client tried to access the Directors and Officers (D & O) insurance coverage, but the insurance carrier declined because of breach of contract and denied indemnity.
Friday, May 29, 2009
A 67-year-old, business owner was unable to increase the value of his life insurance policies, as he had a serious illness. He had been turned down by many insurance companies because of the pre-condition. He was seeking increases for both his personal and business-owned life insurance.
Friday, May 29, 2009
One of the nation’s largest privately-held retirement and assisted living organizations had a goal of reducing workers’ compensation costs and work place injuries.
Friday, May 29, 2009
Parker, Smith & Feek identified an opportunity to bring immediate value to a local mechanical contractor's bottom line with our expertise in both construction and insurance. This client specializes in mechanical solutions for all types of projects included but not limited to; Mixed use, Institutional, Residential, Office and retail.
The contractor had a desire to pursue a credit they had previously applied for, but been rejected by the insurance company.
Friday, May 29, 2009
In 2001, a large consumer electronics manufacturer and distributor hired Parker, Smith & Feek as their insurance broker. As part of our initial engagement was a thorough review of this corporation’s workers’ compensation insurance program and their safety and risk prevention activities. We immediately noticed that their workers’ compensation Experience Modification factor was 54% higher that other consumer electronics manufacturers nationwide. Employee absenteeism due to injuries also seemed abnormally high.
Friday, May 29, 2009
One of Washington State’s largest general contractors decided to compete in the bidding for a large dam project in California. As we typically do, Parker, Smith & Feek was asked to review the project specifications and bid documentation to determine the insurance requirements for the project.
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