Insurers being taken to the cleaners; alliance hopes to save claims dollars. (Property/Casualty: Loss/Risk Management Notes).
The Alliance of Professional Restoration Drycleaners said they use technology to save up to 30% more garments than typical dry cleaners. With destroyed or damaged clothing representing 25% of all claims in a disaster, saving more clothes can cut loss costs, the alliance said.
"Our pledge to the insurance industry is that by guaranteeing restoration by dry cleaning leaders using advanced technology, we will restore damaged clothing at a higher success rate," said Eddie Mannis, chairman of the board of the alliance.
Also, those participating in the alliance offer computerized billing, and will only charge insurers for the clothes they save--there will be no charge for attempted dry cleaning that isn't successful.
Restoration dry cleaning involves cleaning of clothes, household fabrics and other items damaged in a home or business by disasters such as fires and floods. Restoring items, instead of replacing them, can save insurance carriers thousands of dollars on a single claim, the alliance said. The alliance hopes to establish a preferred vendor relationship with insurance carriers, third-party claims managers and disaster restoration specialists, and become a single point of reference to locate the most qualified restoration dry cleaner in a specific area.
The alliance, launched in February, hopes to expand to cover major markets in the United States and Canada.
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|Title Annotation:||Alliance of Professional Restoration Drycleaners|
|Comment:||Insurers being taken to the cleaners; alliance hopes to save claims dollars. (Property/Casualty: Loss/Risk Management Notes).(Alliance of Professional Restoration Drycleaners)|
|Date:||Apr 1, 2003|
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