Without an established baseline, the truth in claims remained elusive, resulting in the pitting of one subject matter expert against another. This led to higher loss adjustment expenses, legal costs, strained relationships, and a system bogged down with unnecessary disputes. Romero and Molony saw the consequences firsthand – 10s of millions of dollars of question marks, with no economical and reliable method to determine the actual value of the losses. This inefficiency and spent were not just damaging to the parties involved but for the P&C industry as a whole.
Determined to fix what was broken, Romero and Molony dug deep into the root causes of these recurring problems. They discovered that the core issue was the absence of a definitive baseline for claims—a standard against which all claims could be measured. With this insight, they set out to create a solution that would remove ambiguity. They didn’t just want to provide answers; they wanted to deliver a comprehensive solution that would transform the industry.
Their journey led them to collaborate with insurance commissioners, attorneys, adjusters (independent and public), brokers, general contractors, and other key stakeholders. The feedback was clear: the industry needed a data-driven solution, one that could establish a baseline for claims and reduce the ambiguity that had plagued the P&C space for so long. This vision led to the creation of Pre-Loss, a pioneering company that leverages proven technology tools from faster-to-adopt sectors to bring unprecedented clarity and efficiency to P&C insurance.
Pre-Loss is not just another tool; it’s a transformative solution designed to set a new standard in the P&C insurance industry. By establishing a clear baseline, Pre-Loss allows for accurate measurement and assessment of claims, reducing disputes and litigation costs. It empowers insurers and adjusters with the data and insights needed to make informed decisions quickly and accurately, ultimately saving time and money.
Moreover, Pre-Loss brings additional benefits to all stakeholders of commercial assets and those of high net worth individuals, including improved underwriting accuracy, faster claims processing, and greater overall transparency. The platform’s integration of geospatial data, AI, and industry-specific technology ensures that the P&C space can operate with the precision, accuracy and efficiency it needs.
Romero and Molony’s personal commitment to changing the industry drives Pre-Loss. Their mission is to eliminate the frustrations and inefficiencies that have long plagued the P&C space, replacing them with a system that works for everyone involved. Pre-Loss is the culmination of their experience, insights, and determination to create a better way forward for P&C insurance.
International EGA, CPCU, AIC, ARM, – Co-Founder & Visionary – Bilingual
Tim Molony is a seasoned Claims Executive with over 30 years of experience in the insurance industry. Tim has a proven track record in claims management, having managed over 300,000 claims during his tenure at Citizens Property Insurance Corporation. As the founder of Nomad Adjusting, LLC, and Nomad Insurance Services, LLC, Tim demonstrated his expertise in large loss and complex claims. During Tim’s time at BSC Forensics, he was the claims concierge walking General Adjusters through complex and litigated matters. At Pre-Loss, Tim drives innovation and strategic growth, leveraging his extensive knowledge in claims operations, catastrophe management and alternative dispute resolution.
Steven Romero brings nearly 30 years of experience in the Insurance, Restoration, Abatement, and Construction industries. He specializes in handling complex large loss matters and claims, overseeing billions in exposure. Steven’s extensive litigation experience and specialized training with SIU make him a highly respected International Senior Executive General Adjuster. Steven has also carried the unique title of Executive Vice President with Mediators without Borders where he became an internationally vetted mediator specializing in dispute resolution. At Pre-Loss, Steven plays a critical role in the company’s leadership and growth by implementing his passion and vision for providing a solution based company.
John Peterson has over 29 years of combined experience in P&C claims and construction, specializing in complex commercial projects. With a background in the USMC and 16 years as a General Contractor, John has a unique skill set that includes project management, damage assessment, and insurance claims compliance. He has managed thousands of assets, including large-scale projects such as condominium associations and school districts. At Pre-Loss, John project-manages large commercial insurance projects and ensures compliance with industry standards.
Chuck Morris is a highly motivated insurance Executive General Adjuster with over 30 years of experience in construction, claim investigation, damage assessment, and cost analysis. He has extensive expertise in all lines of insurance coverage, particularly in commercial and complex losses. Chuck has a proven ability to manage large-scale projects, including school districts, condominium associations, and university campuses. At Pre-Loss, Chuck focuses on developing and overseeing QA/QC programs and leading large loss complex projects.
Co-Founder & COO, Skole
Co-Founder & COO, Skole
