G4S Compliance & Investigations Expands Vehicle Fire Investigation Services10 July 2012
G4S’ vehicle fire investigations provide a cost-effective solution for claim professionals who manage physical damage claims
In 2010, vehicle fires in the United States accounted for more than 1.4 billion dollars in damages. According to the National Fire Protection Agency, one in ten vehicle fires are intentionally set. The National Highway Transportation Administration estimates an average 8.5 million vehicles are recalled yearly, which can leave insurance carriers with an overwhelming claim volume and significant financial losses. In response, G4S Compliance & Investigations (G4S), the global leader in investigation solutions, has developed a comprehensive solution to triage and investigate vehicle fires focusing on liability, subrogation opportunities and insurance fraud while capturing return on investment (ROI) and claim cost savings.
G4S’ vehicle fire investigations provide a cost-effective solution for claim professionals who manage physical damage claims. The G4S team is staffed by a nationwide team of qualified professional fire investigators who hold CFI and/or CFEI certifications with an average 25+ years of experience. G4S experts afford claim professionals the opportunity to evaluate fire and explosion losses immediately. From private passenger to commercial vehicles and heavy equipment to recreational equipment, G4S will investigate whether a fire was caused by faulty equipment, maintenance performed by a repair facility, accident, electrical shortage, arson or other causes.
G4S fire experts have been assisting subrogation and claim professionals to minimize risk and improve recoveries for more than a decade. The G4S team secures evidence through a formal chain-of-custody and evidence storage procedure and performs thorough fire investigations to deliver reliable assessments of the facts, while providing recommendations related to subrogation and possible insurance fraud.
As an added benefit, G4S can integrate its technology directly within a client’s infrastructure to streamline investigation efforts and quantify return on investment. G4S’ real-time reporting suite is available to executives and senior management to monitor and analyze data 24/7. These analytics provide an in-depth understanding of the organization’s claims cost-savings, with the ability to monitor performance and accountability on referred claims.
“Insurance carriers have recognized the importance of reducing risk to protect financial assets. To successfully compete, they must be able to settle claims quickly while servicing policyholders effectively and efficiently,” said Michael J. Malone, President of G4S Compliance & Investigations. “G4S’ expert fire investigations are an integral component to claims cost savings. With the strategic expansion of our Vehicle Fire Investigation Service, we continue to lead the industry as a one-source solution for all investigative needs.”
- Amy Ricciuti
(Director of Marketing and Communications)
: 800.927.0456 ext. 2217
About G4S Compliance & Investigations
G4S Compliance & Investigations is a global provider of enterprise investigation management solutions. Our value added solutions include: Insurance, Commercial and Government Risk Solutions. G4S offers a unique combination of best-in-class investigation experts, compliance and technology to provide users with customized investigation solutions uniquely tailored to meet their needs.
G4S is the world’s leading international security solutions group, which specialises in outsourced business processes in sectors where security and safety risks are considered a strategic threat. G4S is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S has operations in more than 125 countries and 657,000 employees. For more information on G4S, visit www.g4s.com.