Property Insurance Coverage Law

SEPTEMBER 24, 2024

In a significant move to protect policyholders, the Michigan Department of Insurance and Financial Services (DIFS) issued a groundbreaking bulletin that explicitly prohibits insurers from depreciating labor costs when calculating actual cash value (ACV) in homeowner insurance claims.

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Property Insurance Insurance Claim Claim Policyholder 196

Property Insurance Coverage Law

OCTOBER 7, 2024

FAPIA Vice President Frank Altieri noted that federal law applied and that the Florida regulations regarding providing a contract to the insurer do not apply. Instead, federal flood adjusters require a … The post Letter of Representation for National Flood Insurance Claims appeared first on Property Insurance Coverage Law Blog.

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Insurance Claim Claim Property Insurance Insurance 113

Central Insurance

JUNE 19, 2024

Central's Vice President of our Central Regional Office, RJ Coleman, outlines some essential tips to help you develop a good relationship with your claims adjuster. The post How to Develop a Good Relationship With Your Insurance Claims Adjuster appeared first on Central Insurance Blog.

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Insurance Claim Claim Insurance Insurer 130

Property Insurance Coverage Law

OCTOBER 6, 2024

I have received numerous calls from furious Hurricane Helene policyholders after learning how little coverage is afforded for the non-elevated floor of a multi-story building under their flood insurance policies. Refer to the Visual Flood Adjusters Use appeared first on Property Insurance Coverage Law Blog.

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Building Insurance Claim Claim Policyholder 130

Property Insurance Coverage Law

AUGUST 18, 2024

Property damage insurance claims funding by factoring companies is a relatively recent phenomenon in the property insurance claims industry.

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Property Insurance Insurance Claim Claim Property Damage 125

Insurance Journal

AUGUST 8, 2024

August 8, 2024 — Sutherland is excited to introduce CognilinkClaims™, an innovative AI-powered solution that integrates Classic AI and Generative AI capabilities to redefine and streamline the entire claims process. Pittsford, NY. This advanced AI solution represents a significant advancement …

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Claim Insurance Claim Insurance Insurer 253

Shield Insurance Agency

AUGUST 20, 2024

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insurance claims can have long-term financial consequences.

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Mark Jackson Insurance Agency

JULY 8, 2024

However, amidst the excitement, it's crucial to undertake precautions to avoid common pitfalls that could lead to home insurance claims. This can lead to significant water damage, a common cause of home insurance claims.

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Home Insurance Insurance Claim Claim License 52

Boyle Agency Insurance

MAY 3, 2024

This Bogle Agency Insurance blog post will guide you through the necessary steps to take after a disaster strikes and how to navigate the home insurance claims process smoothly. Home Insurance Claim Step I: Assess the Safety of Your Home After a disaster, the safety of you and your family should be the top priority.

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Home Insurance Insurance Claim Claim Damage 52

Insurance Journal

JULY 14, 2024

Howard A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a survey conducted by Gallagher Bassett, the claims-services provider and subsidiary …

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Claim Insurance Claim Underwriter Underwriting 173

Insurance Journal

OCTOBER 2, 2024

The number of property insurance claims in Florida from Hurricane Helene had topped 65,700 by Tuesday, far more than the 25,000 seen in Hurricane Idalia a year ago, the Florida Office of Insurance Regulation reported. The total estimated insured losses …

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Claim Property Insurance Insurance Claim Insurer 289

Insurance Journal

SEPTEMBER 12, 2024

Did you hear the one about cat poop clogging a toilet, resulting in thousands of gallons of sewage water in the home and a big insurance claim? Lin Werkheiser, an insurance fraud investigator, has heard that one and many more …

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Claim Insurance Claim Insurer Insured 306

Insurance Journal

OCTOBER 30, 2024

Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims. The Tennessee Department of Commerce and Insurance reminded insurance carriers that they must …

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Claim Insurance Carrier Insurance Claim Insurer 294

Insurance Journal

AUGUST 1, 2024

The Tennessee Department of Commerce and Insurance so far this year has secured more than $9.5 million for policyholders whose insurance claims had been denied, the department announced this week. The payments, mostly from property insurers, are the result of …

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Policyholder Claim Insurance Claim Property Insurance 253

Insurance Journal

AUGUST 1, 2024

A Colorado man who aided a former insurance claims adjuster in an auto insurance claims scheme was sentenced this week. In 2020, Brassfield, 55, of Aurora, reportedly aided former Travelers Insurance employee Colette Palin, 63, of Aurora in committing fraud.

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Auto Insurance Insurance Claim Claim Insurance 246

Freeway Insurance

OCTOBER 8, 2023

Understanding how much car insurance claims typically cost involves taking a look at the complicated world of car insurance, where many things can affect the numbers. Freeway Insurance is a company well known for making sure that drivers across the United States have good insurance coverage.

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Auto Insurance Insurance Claim Claim Out-Of-Pocket 52

Word & Brown

SEPTEMBER 25, 2024

Nevertheless, as a health insurance broker, you may be called upon by an Individual & Family Plan (IFP) customer, an employee enrolled in an employer-sponsored health plan, or an employer client acting on behalf of themselves or an employee concerning a claims appeal.

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Claim Insurance Claim Insurance Insurer 52

Insurance Journal

OCTOBER 21, 2024

A federal appeals court has underscored the high bar that expert witnesses must meet before a court can connect the dots between exposure and illness, a ruling that could have an impact on insurance claims and toxic tort litigation. In …

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Insurance Claim Claim Insurer Insured 278

Insurance Journal

OCTOBER 15, 2024

Property Insurance claims from Hurricane Milton had topped more than 123,000 by Sunday, with some $1.5 billion in estimated insured losses. That’s already more than the claims and losses reported for Helene, which made landfall in Florida two weeks earlier, …

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Claim Property Insurance Insurance Claim Insurer 290

Insurance Journal

OCTOBER 17, 2024

Two Philadelphia professional sports team have lost their appeals over denied business interruption insurance claims tied to the COVID-19 pandemic. District Judge Michael Baylson this week dismissed lawsuits by the Philadelphia 76ers basketball team and the Philadelphia Eagles football …

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Business Interruption Claim Insurance Claim Insurer 260

Insurance Journal

OCTOBER 2, 2024

The Louisiana of Department of Insurance (LDI) is warning residents to be cautious of online scams related to Hurricane Francine insurance claims. The LDI has detected an increase in online advertising activity related to Hurricane Francine, some of which attempts …

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Insurance Claim Insurance Insurer Insured 264

Insurance Journal

OCTOBER 24, 2024

Paul Steve Ramirez, 59, was charged with 11 felony counts, including insurance fraud. The fraudulent insurance claims could reach … The owner of a Fresno, California-based for-profit vocational school was charged with engaging in fraudulent billing practices related to workers’ compensation.

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Workers Comp Compensation Insurance Claim Claim 244

Insurance Journal

SEPTEMBER 25, 2024

Citizens Property Insurance Corp., Florida’s largest insurer, has suspended policy binding ahead of predicted Hurricane Helene, and a board member asked if the carrier could do more to help policyholders manage flood insurance claims from the looming storm. “My question …

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Claim Policyholder Property Insurance Insurance Claim 277

Insurance Journal

SEPTEMBER 11, 2024

A month after Hurricane Debby made landfall in northern Florida, the number of property insurance claims has reached almost 20,000, and total estimated insured losses are more than $121.5 million, the Florida Office of Insurance Regulation reported this week. The …

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Claim Property Insurance Insurance Claim Insurer 277

Insurance Journal

SEPTEMBER 9, 2024

The landlord for a fire-damaged building leased to a Red Lobster restaurant is blaming the restaurant’s insurer for causing it to lose out on $1.2 million in fire insurance claims payments to repair the property. RL New Brunswick Owner LLC, …

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Claim Damage Insurance Claim Building 278

Insurance Journal

SEPTEMBER 5, 2024

Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims than the 20-year average, reported the Insurance Bureau of Canada. About 228,000 home, auto and business insurance claims have been …

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Claim Insurance Claim Business Insurance Insurer 264

Insurance Journal

AUGUST 21, 2024

A study from RAND found that rising litigation rates, trial awards and claim severity are consistent with the expected effects of social inflation. Trends in Trial Awards and Insurance Claim Payments, … The study, What Is the Evidence for Social Inflation?

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Insurance Claim Claim Insurer Insured 251

Insurance Journal

AUGUST 22, 2024

A former West Virginia volunteer fire official is awaiting sentencing after he admitted to setting fire to his home, filing an insurance claim, and using the fire department’s credit card for personal gain. Ennis, 43, of St. Albans, …

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Insurance Claim Insurance Insurer Insured 226

Property Insurance Coverage Law

OCTOBER 8, 2024

While speaking at the Florida Association of Public Insurance Adjusters Fall Conference regarding National Flood Insurance claims, I promised to blog about a recent case that made its way through the federal courts.

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Insurance Claim Property Insurance Claim Insurance 185

Paragon Independent Insurance Agencies

JUNE 14, 2024

Paragon Independent Insurance Agency Helps Guide You Paragon Independent Insurance Agency will help guide you and show you how commercial insurance can save you in the long haul. The post Common Mistakes to Avoid When Filing Commercial Insurance Claims first appeared on Insurance Blog | Paragon Independent Insurance Agencies.

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Commercial Insurance Commercial Insurance Claim Claim 40

Insurance Journal

JULY 22, 2024

Insurer Allianz SE expects to pay German winemakers tens of millions of euros in insurance claims this year after many vineyards lost their entire harvest to heavy frosts. While mild temperatures earlier in the year helped shoots to develop sooner, …

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Damage Insurance Claim Claim Insurer 259

Property Insurance Coverage Law

OCTOBER 28, 2024

This is Florida law regarding when an insurance company must start investigating an insurance claim: 3)(a) Unless otherwise provided by the policy of insurance or by law, within 7 days after an insurer receives proof-of-loss statements, the insurer shall begin such investigation as is reasonably necessary unless the failure to begin such investigation (..)

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Policyholder Property Insurance Insurance Claim Claim 165

Property Insurance Coverage Law

SEPTEMBER 26, 2024

Consequential damages play a significant role in both contract law and insurance claims, but they operate under different frameworks and have distinct implications depending on the context. Consequential damages in insurance claims are indirect losses resulting from — but … The post What Are Consequential Damages?

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Damage Property Insurance Insurance Claim Claim 100

Insurance Journal

SEPTEMBER 15, 2024

A study from RAND found that rising litigation rates, trial awards and claim severity are consistent with the expected effects of social inflation. Trends in Trial Awards and Insurance Claim Payments, … The study, What Is the Evidence for Social Inflation?

Insurance Claim 130

Insurance Claim Claim Insurer Insured 130

Property Insurance Coverage Law

OCTOBER 11, 2024

The Florida Department of Financial Services (DFS) issued Emergency Rule 69BER24-4, which aims to address issues in the property insurance claims process. While the rule attempts to improve transparency and accountability, it raises several concerns and potential unintended consequences.

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License Claim Property Insurance Insurance Claim 169

Property Insurance Coverage Law

OCTOBER 22, 2024

Policyholders and public adjusters need to be aware that National Flood Insurance claims are very technical with demanding deadlines that must be met.

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Claim Policyholder Property Insurance Insurance Claim 154

Property Insurance Coverage Law

AUGUST 7, 2024

Wildfire season is here, and if you’ve experienced a loss, navigating your insurance claim can be daunting. Here’s what Californians need to know on day one to get your claim off on the right footing. Check Your Coverage Limits and Address Underinsurance Issues.

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Property Insurance Insurance Claim Claim Insurance 147