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Neighborly continues to look at the overall network health of each of its brands. Overall Risk Management and Mitigation is one element of the health of a network. Insurance claims and associate losses not only affect the overall profitability of our businesses, but also affect the overall brand image within the market.
It is with this understanding that Neighborly is embarking on a comprehensive study to understand the losses each of our brands are experiencing in order to provide additional support in the areas of loss control and mitigation.
Neighborly is working with its preferred Insurance Broker and Risk Management Consultant, Gallagher, to perform a comprehensive examination of the losses that are affecting our respective networks and design new resources to support you in your individual efforts to reduce claims.
We are asking for your assistance with this project through the submission of Loss Runs.
If you currently place your insurance through Gallagher, you can disregard the remainder of these instructions as Gallagher can access the information we are requesting.
If you do not currently place your insurance through Gallagher, please contact your agent or broker and request the following:
a. 5 years of currently valued loss runs for all lines of coverage
b. If you have not been in business 5 years, please request the number of years applicable to your tenure