Case Studies

Case studies on major insurance events and happenings in healthcare, construction, employee benefits, and cyber security.

Closed for Business: A Pollution Liability Insurance Case Study

A Seattle firm owned 15 gas stations in Washington and leased them to a large oil company for a number of years. The oil company self-insured the Pollution Liability for the underground storage tanks (USTs).

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“Anonymous” Hacks Sony Playstation Network: The increasing importance of obtaining cyber security insurance coverage

Anyone who harbors the notion that video games are simple distractions from the age of “Pong” has not seen the latest statistics.

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Fire Damage results in a 75% increase in productivity

When a commercial client has a major loss, expert claims administration and support can be vital for the financial wellbeing of the corporation. One of Parker, Smith & Feek’s food processing clients experienced a devastating $15 million fire to their Mid-West processing plant, which completely shut down operations at that location for eighteen months. Parker, Smith & Feek Claims provided expert assistance throughout the process, which helped the processor navigate its way through both immediate and long-term challenges.

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Connecting the wellness Dots!

Red Dot Corporation is a leading manufacturer of quality HVAC products for the heavy vehicle industry. Red Dot employs approximately 300 plus employees and was looking for a way to promote healthy lifestyles. The key objectives of their wellness program were to promote healthy eating choices, get employees moving/exercising in a meaningful manner and promoting awareness of their current quit smoking program.

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A Shocking Claim – A Claim Scenario

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.

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Hacked! – A Claim Scenario

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.

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Two Claims, One Deductible – A Claim Scenario

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.

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In Imminent Danger Of Collapse – A Claims Scenario

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.

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Denied Indemnity

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.

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Developing an effective Workers’ Compensation program.

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.

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Applying retroactively for a credit that has already been rejected by the insurance company

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.

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Simple Changes Bring Big Improvements – Workers Compensation

In 2001, a large consumer electronics manufacturer and distributor hired Parker, Smith & Feek as their insurance broker.

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Costly Insurance Determined Unnecessary

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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