Insurer, Policyholder and Property Insurance

Supporting the American Policyholder Association With Time and Money Is an Obligation If You Are a True Policyholder Advocate

Property Insurance Coverage Law

OCTOBER 17, 2024

The American Policyholder Association (APA) has emerged as a powerful force in the fight against insurance fraud, with recent achievements highlighting the critical importance of its work.

Policyholder

Policyholder Property Insurance Insured Insurance

CBS 60 Minutes to Run Story Regarding Altered Insurance Estimates Resulting in Fraudulent Underpayments to Policyholders

Property Insurance Coverage Law

SEPTEMBER 27, 2024

The American Policyholders Association (APA) has reported that CBS 60 Minutes is running a story this Sunday evening about altered estimates by claims managers, which result in underpayments to policyholders.

Policyholder

Policyholder Property Insurance Insurance Insurer

Hurricane Helene and Milton Survivors Navigating Insurance Claims and Recovery: United Policyholders’ Roadmap to Recovery Program Offers Crucial Support

Property Insurance Coverage Law

OCTOBER 11, 2024

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 insurance claims.

Policyholder

Policyholder Insurance Claim Claim Property Insurance

Policyholders Beware of Whom You Hire Regarding Your National Flood Insurance Claim

Property Insurance Coverage Law

OCTOBER 16, 2024

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 Insurance Claim appeared first on Property Insurance (..)

Policyholder

Policyholder Insurance Claim Claim Property Insurance

Amy Bach and United Policyholders Raise Issues About Insurance Executives Insurance Taking Monies Through Excessive Payouts

Property Insurance Coverage Law

OCTOBER 18, 2024

Amy Bach‘s recent LinkedIn post yesterday highlighting concerns about excessive compensation in the insurance industry has struck a chord with many policyholders and consumer advocates. Bach raised these issues in a panel discussion at the American Academy of Actuaries.

Policyholder

Policyholder Property Insurance Insurance Insurer

Tennessee DCI Returns $9.5M to Policyholders in Mediated Claims Disputes

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 …

Policyholder

Policyholder Claim Insurance Claim Property Insurance

Michigan Takes a Stand: New Bulletin Prohibits Depreciation of Labor Costs in Property Insurance Claims

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.

Property Insurance

Property Insurance Insurance Claim Claim Policyholder

Insurance Company Prevails in Hail Damage Claim Dispute—Policyholders Need to Hire Experts Right Away and Provide Access to Information

Property Insurance Coverage Law

SEPTEMBER 26, 2024

A recent federal court ruling in Missouri highlights the critical importance of admissible expert testimony in property insurance disputes.

Policyholder

Policyholder Insurance Companies Damage Claim

What Are the Duties of An Insurance Agent to the Policyholder—A Michigan Case Example

Property Insurance Coverage Law

SEPTEMBER 4, 2024

The duties of an insurance agent to the policyholder will differ depending on state law. Yesterday’s post about a Michigan coverage case, Order and Bind Insurance Before the Loss—Commercial Policy Covers Water Damage Under Drain Backup Endorsement, noted that there was also an issue with insurance agent negligence.

Policyholder

Policyholder Insurance Agent Insurance Agents Agents

Is the Address Correct on the Property Insurance Policy?

Property Insurance Coverage Law

SEPTEMBER 25, 2024

In my basic course about property insurance coverage to public adjusters, and as a standard issue regarding case intake at Merlin Law Group, I first emphasize to always make certain the named insureds and clients have a right to bring the claims. appeared first on Property Insurance Coverage Law Blog.

Property Insurance

Property Insurance Insurance Policy Policy Insurance

Florida’s Property Insurance Market Is Worse Than Reported—Shrinkflation Explains Why

Property Insurance Coverage Law

AUGUST 6, 2024

Florida’s property insurance market is facing unprecedented challenges, leaving policyholders with inadequate coverage at significantly higher rates. The term “shrinkflation,” commonly associated with consumer goods, is now being used to describe a troubling trend in the insurance industry.

Property Insurance

Property Insurance Policyholder Insurance Industry Insurance

Thoughts About Property Insurance at the FAPIA Fall Conference

Property Insurance Coverage Law

OCTOBER 7, 2024

I am in Miami at the Florida Association of Public Insurance Adjusters (FAPIA) Fall conference and … The post Thoughts About Property Insurance at the FAPIA Fall Conference appeared first on Property Insurance Coverage Law Blog. Hurricane Milton is on the way to Tampa or somewhere close by.

Property Insurance

Property Insurance Insurance Insurer Insured

What Is an “Other Insurance” Clause and Why Do They Exist In Property Insurance Policies?

Property Insurance Coverage Law

AUGUST 28, 2024

An “other insurance” clause is a provision found in property insurance policies that establishes how a loss is to be apportioned among insurers when more than one policy covers the same loss. The original purpose of an “other insurance” clause is debatable.

Property Insurance

Property Insurance Insurance Policy Policy Policyholder

Florida Property Insurance Rates and Premiums Are Going Up Even More: All United States Property Insurance Premiums Are Rising

Property Insurance Coverage Law

AUGUST 20, 2024

Citizens Property Insurance rates are going up. An article in the Miami Times, Citizens Looks to Hike Insurance Rates 14%, explains one reason why the rates are rising even more: The insurer of last resort in Florida isn’t meant to be competitive.

Property Insurance

Property Insurance Premium Insurance Insurer

Hurricane Helene National Flood Insurance Claims—What to Expect

Property Insurance Coverage Law

OCTOBER 4, 2024

National Flood Insurance claims are notoriously complex and exacting. Most policyholders are unaware that National Flood claims are among the most difficult property insurance claims to handle correctly, and that the National Flood Insurance adjuster has limited authority.

Insurance Claim

Insurance Claim Claim Policyholder Property Insurance

“I Was Droned!” California Policyholders Are Being Monitored Regarding Their Loss Risk Exposure and Loss Mitigation Attempts

Property Insurance Coverage Law

SEPTEMBER 14, 2024

When I am finished beating up or getting beaten upon by various insurance company attorneys all over the country, I love to compete and beat up or get beaten upon by the best sailboat racers. I love true competition, and it is one reason why I love being the type of attorney that I am … The post “I Was Droned!”

Policyholder

Policyholder Risk Property Insurance Insurance Companies

California Insurance Commissioner Orders Insurance Preserved for 46K Residents Following Fire

Insurance Journal

JULY 11, 2024

California Insurance Commissioner Ricardo Lara today ordered insurers to preserve residential property insurance coverage for roughly 46,000 policyholders affected by the Thompson Fire in Butte County. The move follows an emergency declaration over the fire from Gov. Gavin Newsom on …

Policyholder

Policyholder Property Insurance Insurance Insurer

Should Citizens Do More to Assist With Coming Flood Claims in Florida? Can it?

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 …

Claim

Claim Policyholder Property Insurance Insurance Claim

The Future of Homeowners and Property Insurance: Navigating AI, Surveillance, and Regulatory Challenges

Property Insurance Coverage Law

AUGUST 17, 2024

The homeowners property insurance landscape is shifting rapidly, driven by advancements in artificial intelligence (AI) and surveillance technology.

Property Insurance

Property Insurance Insurance Companies Insurance Insurer

Hurricane Helene National Flood Insurance Proofs of Loss Deadline Extended for 120 Days From 60 Days

Property Insurance Coverage Law

OCTOBER 7, 2024

Here is the language granting the extension: To allow enough time for policyholders to evaluate their losses, … The post Hurricane Helene National Flood Insurance Proofs of Loss Deadline Extended for 120 Days From 60 Days appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Property Insurance Insurance Insurer

Why Are Policyholders So Frequently Underinsured in the Event of a Total Loss? What Can Fix the Underinsurance Problem?

Property Insurance Coverage Law

AUGUST 5, 2024

In recent years, Professor Klein’s research has focused on how issues of available, adequate, and affordable homeowner insurance are exposed and exacerbated by natural disasters and what can be done to address these problems. appeared first on Property Insurance Coverage Law Blog. What Can Fix the Underinsurance Problem?

Policyholder

Policyholder Property Insurance Insured Insurance

Hurricane Helene Insurance Delays or Underpayment in Florida? File a Complaint with the Department of Financial Services

Property Insurance Coverage Law

OCTOBER 6, 2024

Florida policyholders should report any delays, underpayments, or complaints regarding an insurance company to the Florida Department of Financial Services. File a Complaint with the Department of Financial Services appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Property Insurance Insurance Companies Insurance

Hurricane Helene Flood Insurance Claims and Elevated Building Issues? Refer to the Visual Flood Adjusters Use

Property Insurance Coverage Law

OCTOBER 6, 2024

National flood insurance is unlike any other insurance. 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.

Building

Building Insurance Claim Claim Policyholder

Florida’s Insurance Company Fraud Investigations: A Crisis of Public Trust (With a Side of Absurdity)

Property Insurance Coverage Law

SEPTEMBER 27, 2024

As an attorney who has dedicated my career to representing policyholders, I’ve witnessed firsthand the challenges faced by Florida homeowners, businesses, condominium associations, and even government entities in the wake of natural disasters.

Insurance Companies

Insurance Companies Policyholder Property Insurance Insurance

Navigating Hurricane Helene and Milton NFIP Claims: Documenting Repairs and Understanding Prior Damage Requirements

Property Insurance Coverage Law

OCTOBER 14, 2024

For National Flood Insurance Program (NFIP) policyholders, especially those who have experienced prior flood losses, understanding the documentation requirements for repairs is crucial.

Damage

Damage Claim Policyholder Property Insurance

Insurance Policy Assignment Provisions: What They Are and When Insurers Have to Consent

Property Insurance Coverage Law

AUGUST 18, 2024

Many policyholders forget that their insurance policy is a contract and is subject, with exceptions, to the usual laws of contract. An issue that frequently arises is whether the named insured is able to assign insurance proceeds under the policy to another.

Insurance Policy

Insurance Policy Policy Policyholder Insurance

Florida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation

Insurance Journal

OCTOBER 9, 2024

Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and low-balled policyholders, Florida’s chief financial officer has issued an emergency rule barring similar actions in Hurricane Milton claims. “Any move …

Policyholder

Policyholder Claim Damage Insurance

Impact of Rising Interest Rates on Property Insurance

Protect Commercial Insurance

OCTOBER 4, 2024

But what does this mean for property owners and their insurance needs? As interest rates creep up, they can have a surprising ripple effect on property insurance costs. Recent years, however, have seen gradual rises, sparking concerns in many sectors, including real estate and insurance.

Property Insurance

Property Insurance Out-Of-Pocket Premium Insurance

Let’s Get Tough on Drunk Driving but Not Have Any Penalties For the Drunk Driver: Making It Difficult For Policyholders To Collect On Debts Owed By Delaying and Underpaying Insurance Companies

Property Insurance Coverage Law

AUGUST 19, 2024

That is exactly what the insurance industry has accomplished in Florida with recent changes in law.

Policyholder

Policyholder Insurance Companies Property Insurance Insurance Industry

Understanding Consumer Education and Property Insurance

Property Insurance Centre

MARCH 19, 2024

Understanding Consumer Education and Property Insurance As an informed consumer, education on consumer rights and property insurance is crucial. It empowers individuals to make informed decisions about insurance coverage and understand their policy rights.

Property Insurance

Property Insurance Policyholder Insurance Insurer

What Does Replacement Cost Insurance Pay If There Has Not Been Repair or Replacement?

Property Insurance Coverage Law

SEPTEMBER 5, 2024

Insurance companies that wrongly deny or underpay property insurance claims are finding a golden financial opportunity that provides an incentive for them to wrongfully underpay and deny claims—they escape the payment of the replacement cost valuation they promised to their policyholders.

Policyholder

Policyholder Property Insurance Insurance Claim Claim

Public Adjusters Prohibited in Arkansas

Property Insurance Coverage Law

OCTOBER 5, 2024

When navigating the aftermath of a property damage claim, many homeowners seek professionals to help them secure the best possible settlement from their insurance company. However, policyholders … The post Public Adjusters Prohibited in Arkansas appeared first on Property Insurance Coverage Law Blog.

Property Damage

Property Damage Policyholder Property Insurance Damage

What Is Recoverable Depreciation in Home Insurance?

Property Insurance Coverage Law

SEPTEMBER 15, 2024

If you’ve suffered property loss or damage, knowing what your insurance covers is crucial. Understanding recoverable depreciation can help policyholders get the full replacement cost for damaged or destroyed items, not just their depreciated value. What … The post What Is Recoverable Depreciation in Home Insurance?

Home Insurance

Home Insurance Policyholder Damage Property Insurance

The Importance of Accurate Valuation in Commercial Property Insurance

Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. That’s where accurate insurance-to-value (ITV) calculations come into play.

Commercial Property

Commercial Property Property Insurance Commercial Out-Of-Pocket

California Commissioner Orders Insurance Cancelation Moratorium for 185K Residents

Insurance Journal

AUGUST 8, 2024

California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than 185,000 policyholders affected by the Park, Borel and Gold Complex fires. The moratorium shields those living within the perimeters or …

Policyholder

Policyholder Insurance Insurer Insured

The Deadline to Properly Submit a Hurricane Ian Claim Is September 28 – Double Check Claim Submissions

Property Insurance Coverage Law

SEPTEMBER 21, 2024

Claims deadlines and submittals are no longer easy for Florida policyholders. It’s hard to keep up with all the changes to … The post The Deadline to Properly Submit a Hurricane Ian Claim Is September 28 – Double Check Claim Submissions appeared first on Property Insurance Coverage Law Blog.

Claim

Claim Policyholder Property Insurance Insurance Companies

National Flood Lessons: Strict Enforcement of Deadlines Dooms Policyholder’s Flood Claim—A Reopened Claim Does Not Stop the Ticking Time Bomb

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.

Interior Damage Claims and the Exterior Damage Requirement—Where’s the Proof?

Property Insurance Coverage Law

SEPTEMBER 16, 2024

A federal judge ruled last week that policyholders eventually have to “put up or shut up” when it comes to proving that certain interior damages caused by a storm must be the result of damage to the exterior of a building, allowing water to damage the interior of a building. appeared first on Property Insurance Coverage Law Blog.

Damage

Damage Claim Policyholder Property Insurance

CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management

Property Insurance Coverage Law

SEPTEMBER 30, 2024

In a shocking exposé aired last night on CBS’s 60 Minutes, allegations of widespread insurance fraud by insurance companies following Hurricane Ian were exposed.

Insurance Companies

Insurance Companies Damage Claim Property Insurance

Emerging Property Insurance Trends 2024

Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market.

Property Insurance

Property Insurance Commercial Property Liability Premium

Dr. Roof or Dr. Roof Adjuster? Restoration Contractors and Roofers Need to Be Careful and Not Overstep into Adjusting Claims, Subjecting Them to Criminal Prosecution

Property Insurance Coverage Law

SEPTEMBER 19, 2024

Restoration Contractors and Roofers Need to Be Careful and Not Overstep into Adjusting Claims, Subjecting Them to Criminal Prosecution appeared first on Property Insurance Coverage Law Blog.

Claim

Claim Policyholder Property Insurance Insurance Companies

Can an Appraisal Panel Determine the Period of Restoration for a Business Interruption Dispute? Does the Panel Have to State the Period of Restoration In the Appraisal Award?

Property Insurance Coverage Law

SEPTEMBER 9, 2024

Many property adjusters and policyholders often think of business income and interruption claims as being solely an accounting function. appeared first on Property Insurance Coverage Law Blog. This is not true because there must be a determination of the “period of restoration.”

Business Interruption

Business Interruption Policyholder Property Insurance Claim

What to Do After Filing the Insurance Claim

Property Insurance Coverage Law

OCTOBER 3, 2024

Filing a property insurance claim can feel unfamiliar to many. Stay Organized After filing your claim, keep all … The post What to Do After Filing the Insurance Claim appeared first on Property Insurance Coverage Law Blog.

Insurance Claim

Insurance Claim Claim Property Insurance Insurance

What Is the Deadline to File a Lawsuit?

Property Insurance Coverage Law

SEPTEMBER 8, 2024

One item that every policyholder and public adjuster should know is the late date when a lawsuit must be filed, or rights to recovery are lost. appeared first on Property Insurance Coverage Law Blog. This statute of limitations date is extremely important and sometimes confusing to determine. Each state has its own laws.

Policyholder

Policyholder Property Insurance Insured Insurance

Supporting the American Policyholder Association With Time and Money Is an Obligation If You Are a True Policyholder Advocate

CBS 60 Minutes to Run Story Regarding Altered Insurance Estimates Resulting in Fraudulent Underpayments to Policyholders

Trending Sources

Hurricane Helene and Milton Survivors Navigating Insurance Claims and Recovery: United Policyholders’ Roadmap to Recovery Program Offers Crucial Support

Policyholders Beware of Whom You Hire Regarding Your National Flood Insurance Claim

Amy Bach and United Policyholders Raise Issues About Insurance Executives Insurance Taking Monies Through Excessive Payouts

Tennessee DCI Returns $9.5M to Policyholders in Mediated Claims Disputes

Michigan Takes a Stand: New Bulletin Prohibits Depreciation of Labor Costs in Property Insurance Claims

Insurance Company Prevails in Hail Damage Claim Dispute—Policyholders Need to Hire Experts Right Away and Provide Access to Information

What Are the Duties of An Insurance Agent to the Policyholder—A Michigan Case Example

Is the Address Correct on the Property Insurance Policy?

Florida’s Property Insurance Market Is Worse Than Reported—Shrinkflation Explains Why

Thoughts About Property Insurance at the FAPIA Fall Conference

What Is an “Other Insurance” Clause and Why Do They Exist In Property Insurance Policies?

Florida Property Insurance Rates and Premiums Are Going Up Even More: All United States Property Insurance Premiums Are Rising

Hurricane Helene National Flood Insurance Claims—What to Expect

“I Was Droned!” California Policyholders Are Being Monitored Regarding Their Loss Risk Exposure and Loss Mitigation Attempts

California Insurance Commissioner Orders Insurance Preserved for 46K Residents Following Fire

Should Citizens Do More to Assist With Coming Flood Claims in Florida? Can it?

The Future of Homeowners and Property Insurance: Navigating AI, Surveillance, and Regulatory Challenges

Hurricane Helene National Flood Insurance Proofs of Loss Deadline Extended for 120 Days From 60 Days

Why Are Policyholders So Frequently Underinsured in the Event of a Total Loss? What Can Fix the Underinsurance Problem?

Hurricane Helene Insurance Delays or Underpayment in Florida? File a Complaint with the Department of Financial Services

Hurricane Helene Flood Insurance Claims and Elevated Building Issues? Refer to the Visual Flood Adjusters Use

Florida’s Insurance Company Fraud Investigations: A Crisis of Public Trust (With a Side of Absurdity)

Navigating Hurricane Helene and Milton NFIP Claims: Documenting Repairs and Understanding Prior Damage Requirements

Insurance Policy Assignment Provisions: What They Are and When Insurers Have to Consent

Florida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation

Impact of Rising Interest Rates on Property Insurance

Let’s Get Tough on Drunk Driving but Not Have Any Penalties For the Drunk Driver: Making It Difficult For Policyholders To Collect On Debts Owed By Delaying and Underpaying Insurance Companies

Understanding Consumer Education and Property Insurance

What Does Replacement Cost Insurance Pay If There Has Not Been Repair or Replacement?

Public Adjusters Prohibited in Arkansas

What Is Recoverable Depreciation in Home Insurance?

The Importance of Accurate Valuation in Commercial Property Insurance

California Commissioner Orders Insurance Cancelation Moratorium for 185K Residents

The Deadline to Properly Submit a Hurricane Ian Claim Is September 28 – Double Check Claim Submissions

National Flood Lessons: Strict Enforcement of Deadlines Dooms Policyholder’s Flood Claim—A Reopened Claim Does Not Stop the Ticking Time Bomb

Interior Damage Claims and the Exterior Damage Requirement—Where’s the Proof?

CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management

Emerging Property Insurance Trends 2024

Dr. Roof or Dr. Roof Adjuster? Restoration Contractors and Roofers Need to Be Careful and Not Overstep into Adjusting Claims, Subjecting Them to Criminal Prosecution

Can an Appraisal Panel Determine the Period of Restoration for a Business Interruption Dispute? Does the Panel Have to State the Period of Restoration In the Appraisal Award?

What to Do After Filing the Insurance Claim

What Is the Deadline to File a Lawsuit?

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