Case Study: a major insurance carrier reduces a TENORM remediation claim with Vertex Engineering Group

Insurance Carrier cuts a $547K TENORM remediation claim by 13% with Vertex Engineering Group

Vertex Engineering Group was retained by an insurance carrier to review a substantial remediation claim submitted by an insured after a fire at an oil well in North Dakota. The challenge was to assess the reasonableness and necessity of hundreds of thousands of dollars in claimed costs for cleaning up a spill of technologically enhanced naturally occurring radioactive material (TENORM).

Vertex implemented a solution that included a site inspection and a detailed review of the incurred damages. Their analysis identified that a sizable portion of the claimed costs were not necessary for the environmental remediation covered by the policy. As a result, Vertex helped the insurance carrier reduce the claimed loss amount by a significant percentage, specifically 13% from an initial $547,000 claim.

Insurance Carrier