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A collision between two tankers off Singapore in July raises questions over insuranceclaims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources say. What Happened? The Singapore-flagged Hafnia …
Many insureds and even insured representatives have never dealt with a flood insuranceclaim and the intricacies of the National Flood Insurance Program. Resources are available at … The post Navigating Flood InsuranceClaims from Hurricane Helene appeared first on Property Insurance Coverage Law Blog.
Filing a property insuranceclaim can feel unfamiliar to many. However, once you’ve submitted your claim, there are key steps you can take to ensure the best possible outcome. Here’s a guide on what to do next, from tracking your claim to ensuring your rights are protected.
In the wake of the devastating Hurricanes Helene and Milton that recently struck Florida and neighboring states, policyholders are facing the daunting task of rebuilding their lives and navigating complex insuranceclaims.
National Flood Insuranceclaims are notoriously complex and exacting. Most policyholders are unaware that National Flood claims are among the most difficult property insuranceclaims to handle correctly, and that the National Flood Insurance adjuster has limited authority.
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 insuranceclaims.
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 …
I was thinking about this while calling FAPIA Managing Director Nancy Dominguez to take down a wrong proof of loss form that some ignorant attorney had sent to a group as the proper NFIP proof of loss to be filed … The post Policyholders Beware of Whom You Hire Regarding Your National Flood InsuranceClaim appeared first on Property Insurance (..)
The Philadelphia Eagles football team has lost its bid for federal court reconsideration of the dismissal of the team’s claim for insurance coverage for COVID-19 losses. The Eagles tossed a red flag in November after the federal district for Eastern …
This distinction remains critically important for today’s insurance practitioners and policyholders alike. This post is a follow-up to Where Did the Proof of Loss … The post Proof of Loss Requirements: A 222-Year-Old Case Still Relevant for Modern InsuranceClaims appeared first on Property Insurance Coverage Law Blog.
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 insuranceclaim? Lin Werkheiser, an insurance fraud investigator, has heard that one and many more …
What is the secret to an insuranceclaims experience that satisfies customers? Power has conducted surveys and curated lists recognizing insurers that succeed at providing satisfactory claims experiences. Carrier Management recently asked claims leaders at two of … For years, J.D.
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 InsuranceClaims Adjuster appeared first on Central Insurance Blog.
The number of property insuranceclaims 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 …
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 InsuranceClaims appeared first on Property Insurance Coverage Law Blog.
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.
The Tennessee Department of Commerce and Insurance so far this year has secured more than $9.5 million for policyholders whose insuranceclaims had been denied, the department announced this week. The payments, mostly from property insurers, are the result of …
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 …
A Colorado man who aided a former insuranceclaims adjuster in an auto insuranceclaims 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.
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 insuranceclaims. The Tennessee Department of Commerce and Insurance reminded insurance carriers that they must …
Property Insuranceclaims 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, …
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 insuranceclaims and toxic tort litigation. In …
A month after Hurricane Debby made landfall in northern Florida, the number of property insuranceclaims 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 …
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 insuranceclaims payments to repair the property. RL New Brunswick Owner LLC, …
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 insuranceclaims from the looming storm. “My question …
At what point does a demand from an injured party constitute an insuranceclaim? In the case of a Georgia-based sperm bank, it’s when the injured party sends the letter a date that came before the clearly worded policy …
The Louisiana of Department of Insurance (LDI) is warning residents to be cautious of online scams related to Hurricane Francine insuranceclaims. The LDI has detected an increase in online advertising activity related to Hurricane Francine, some of which attempts …
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 insuranceclaims have been …
Two Philadelphia professional sports team have lost their appeals over denied business interruption insuranceclaims 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 …
Insurer Allianz SE expects to pay German winemakers tens of millions of euros in insuranceclaims this year after many vineyards lost their entire harvest to heavy frosts. While mild temperatures earlier in the year helped shoots to develop sooner, …
Paul Steve Ramirez, 59, was charged with 11 felony counts, including insurance fraud. The fraudulent insuranceclaims 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.
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 InsuranceClaim Payments, … The study, What Is the Evidence for Social Inflation?
Eight people and two law firms have been charged in what authorities say was more than a decade-long scheme of staging vehicle crashes in the New Orleans area and then submitting fraudulent insuranceclaims, leading to what prosecutors allege was …
This New Year has me thinking about a post I wrote twelve years ago, Oh the Places You Will GoEspecially in the InsuranceClaim Industry. I made the following remark, which, for me, is still true today: The insuranceclaim industry is especially fun if you enjoy travel and meeting interesting people.
A former West Virginia volunteer fire official is awaiting sentencing after he admitted to setting fire to his home, filing an insuranceclaim, and using the fire department’s credit card for personal gain. Ennis, 43, of St. Albans, …
While speaking at the Florida Association of Public Insurance Adjusters Fall Conference regarding National Flood Insuranceclaims, I promised to blog about a recent case that made its way through the federal courts.
Shield Insurance Blog | Small InsuranceClaims | Contact Our Sales Team! Small InsuranceClaims Can Raise Premiums Small insuranceclaims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insuranceclaims can have long-term financial consequences.
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 insuranceclaims process smoothly. Home InsuranceClaim Step I: Assess the Safety of Your Home After a disaster, the safety of you and your family should be the top priority.
However, amidst the excitement, it's crucial to undertake precautions to avoid common pitfalls that could lead to home insuranceclaims. This can lead to significant water damage, a common cause of home insuranceclaims.
Public adjusters and policyholders must remain vigilant and precise when dealing with federal flood insuranceclaims under the National Flood Insurance Program (NFIP). A recent decision in Blocdahl Leasing, LLC v.
In the world of insuranceclaims, a simple yet often overlooked step can make or break a policyholder’s chance of recovery: The proof of loss. This was driven home in the 1891 case of German Insurance Company v.
The Florida Department of Financial Services (DFS) issued Emergency Rule 69BER24-4, which aims to address issues in the property insuranceclaims process. While the rule attempts to improve transparency and accountability, it raises several concerns and potential unintended consequences.
Wildfire season is here, and if you’ve experienced a loss, navigating your insuranceclaim 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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