Policyholder and Property Insurance - Insurance Industry Brief

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 Insurer Insured

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

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

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

The Ongoing Issue of Field Adjuster Independence: Why Xactimate and Florida’s Emergency Rule are at Odds with Policyholders’ Interests

Property Insurance Coverage Law

OCTOBER 25, 2024

In my recent articles, The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry and Florida’s Emergency Ethical Rule Conflicts with Xactimate’s License Agreement – Another Example of Insurance Industry Control in Florida, (..)

Policyholder

Policyholder License Insurance Industry Property Insurance

Appraiser Qualifications and Bad Faith Suits Against Policyholders in California—Chubb’s Attempt to Vacate Huge Glass Fire Appraisal Award Largely Fails

Property Insurance Coverage Law

NOVEMBER 12, 2024

In a significant victory for policyholders, a federal magistrate in Northern California recently rejected most of Federal Insurance Company’s (aka Chubb) attempts to vacate a substantial appraisal award in a Glass Fire case. The case, Pollock v.

Policyholder

Policyholder Property Insurance Insurance Companies Insured

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 Compensation Insurer

One Example of How Florida’s Politicians Harmed Florida Policyholders By Passing Insurance Lobby Laws

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 (..)

Policyholder

Policyholder Property Insurance Insurance Claim Claim

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 Insured

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

Policyholders, Public Adjusters, and Contractors Beware! Marshall Fire Claims Set to Expire on December 30, 2024 – What You Need to Know Now

Property Insurance Coverage Law

NOVEMBER 8, 2024

Sadly, almost three years after the Marshall Fire caused … The post Policyholders, Public Adjusters, and Contractors Beware! Marshall Fire Claims Set to Expire on December 30, 2024 – What You Need to Know Now appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Claim Property Insurance Damage

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 Agents Insurance Agent Agents

The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry?

Property Insurance Coverage Law

OCTOBER 23, 2024

Governor DeSantis’s response to the CBS 60 Minutes exposé on … The post The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry?

Policyholder

Policyholder Insurance Industry Insurance Companies Protection

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 Insurer

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

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 Insurer Insured 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

California Policyholders Are Being Monitored Regarding Their Loss Risk Exposure and Loss Mitigation Attempts appeared first on Property Insurance Coverage Law Blog. 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

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 Insured Insurer

‘Board Certified’ Could Soon be an Advertising Thing for Florida Insurance Lawyers

Insurance Journal

NOVEMBER 6, 2024

By this time next year, plaintiffs lawyers, who have frequently been held up as thorns in the side of the Florida property insurance industry for their sometimes-aggressive pursuit of policyholder claims litigation, could have a stamp of credibility to brandish …

Policyholder

Policyholder Property Insurance Insurance Industry Claim

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 Insurer

A Frank Discussion About Florida’s Insurance Crisis, Including Admissions About Why Current Claims Statistics Do Not Indicate the Sky Is Falling

Property Insurance Coverage Law

NOVEMBER 19, 2024

The truth about Florida’s property insurance market requires honest discussion, even when it means acknowledging valid points from all sides. However, this candor only reinforces the troubling reality facing Florida’s policyholders.

Claim

Claim Policyholder Property 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

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

Insurance Agents Get a Free Pass for Negligence with NFIP Policies: Federal Courts Create an Alice in Wonderland Defense

Property Insurance Coverage Law

OCTOBER 30, 2024

Federal courts are creating an almost impossible barrier for policyholders trying to hold their insurance agents accountable for negligence involving National Flood Insurance Program (NFIP) policies.

Insurance Agents

Insurance Agents Insurance Agent Agents Policy

Appraisal Whiplash: Court Rules You Can’t Back Out Once You’re In

Property Insurance Coverage Law

NOVEMBER 16, 2024

Liberty Insurance Corporation serves as a stark reminder that invoking appraisal may be a one-way street with no turning off or around allowed. 1 The case offers important lessons for policyholders, insurers, and their representatives about the binding nature of appraisal provisions once triggered.

Policyholder

Policyholder Property Insurance Insured Insurer

Insurance Company’s Two-Year Claims Handling Waives Proof of Loss Requirement

Property Insurance Coverage Law

NOVEMBER 5, 2024

A recent Indiana Court of Appeals decision where Merlin Law Group’s Ed Eshoo was counsel for the policyholder provides a textbook example of how an insurance company’s conduct can waive strict policy requirements, even when attempting to preserve those rights through reservation letters.

Claim

Claim Policyholder Property Insurance Insurance Companies

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 Insured Insurer

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

A local investigative news article written by Kate Cimini of the … The post 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 appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Insurance Companies Property Insurance Insurance Industry

Proof of Loss Requirements: A 222-Year-Old Case Still Relevant for Modern Insurance Claims

Property Insurance Coverage Law

NOVEMBER 18, 2024

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 Insurance Claims appeared first on Property Insurance Coverage Law Blog.

Insurance Claim

Insurance Claim Claim Policyholder Property Insurance

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.

Claim

Claim Policyholder Property Insurance Insurance Claim

Parametric Hurricane Insurance

Property Insurance Coverage Law

NOVEMBER 2, 2024

As the traditional insurance market continues to harden, policyholders are increasingly exploring parametric hurricane insurance as a complement and sometimes a substitute to their existing property insurance coverage. What Is Parametric Hurricane Insurance?

Property Insurance

Property Insurance Policyholder Insurer Insured

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 Insurer Insured

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

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 Insurer Insured

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 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

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 Insurer

Public Adjusters Prohibited in Arkansas

Property Insurance Coverage Law

OCTOBER 5, 2024

Public adjusters are often considered key players in these situations because they advocate for policyholders and assist them in negotiating with insurers and ensuring a fair claim resolution. 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

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. Impact on Property Insurance The property insurance market isn’t isolated from these changes.

Property Insurance

Property Insurance Out-Of-Pocket Premium Insured

Florida Insurance Department Receives Strong Responses to Emergency Estimating Rule – A Call for Common Sense Changes

Property Insurance Coverage Law

NOVEMBER 13, 2024

The emergency rule, while well-intentioned in promoting transparency, creates several practical challenges that could harm Florida policyholders.

Policyholder

Policyholder Property Insurance Insurer Insured

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 Insurer

Public Adjusters Beware: Unlicensed Solicitation is Both Unethical and Criminal in Florida

Property Insurance Coverage Law

NOVEMBER 3, 2024

As an advocate for policyholders and someone who works closely with many public adjusters, I feel compelled to address an important compliance issue that has recently come to my attention. Some public adjusting firms seem to be using unlicensed individuals and phone banks to conduct cold-call solicitation of potential clients.

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

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

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

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

The Ongoing Issue of Field Adjuster Independence: Why Xactimate and Florida’s Emergency Rule are at Odds with Policyholders’ Interests

Appraiser Qualifications and Bad Faith Suits Against Policyholders in California—Chubb’s Attempt to Vacate Huge Glass Fire Appraisal Award Largely Fails

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

One Example of How Florida’s Politicians Harmed Florida Policyholders By Passing Insurance Lobby Laws

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

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

Policyholders, Public Adjusters, and Contractors Beware! Marshall Fire Claims Set to Expire on December 30, 2024 – What You Need to Know Now

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

The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry?

Is the Address Correct on the Property Insurance Policy?

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

Thoughts About Property Insurance at the FAPIA Fall Conference

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

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

‘Board Certified’ Could Soon be an Advertising Thing for Florida Insurance Lawyers

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

A Frank Discussion About Florida’s Insurance Crisis, Including Admissions About Why Current Claims Statistics Do Not Indicate the Sky Is Falling

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

Hurricane Helene National Flood Insurance Claims—What to Expect

Insurance Agents Get a Free Pass for Negligence with NFIP Policies: Federal Courts Create an Alice in Wonderland Defense

Appraisal Whiplash: Court Rules You Can’t Back Out Once You’re In

Insurance Company’s Two-Year Claims Handling Waives Proof of Loss Requirement

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

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

Proof of Loss Requirements: A 222-Year-Old Case Still Relevant for Modern Insurance Claims

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

Parametric Hurricane Insurance

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

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

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

Understanding Consumer Education and Property Insurance

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

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

Public Adjusters Prohibited in Arkansas

Impact of Rising Interest Rates on Property Insurance

Florida Insurance Department Receives Strong Responses to Emergency Estimating Rule – A Call for Common Sense Changes

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

Public Adjusters Beware: Unlicensed Solicitation is Both Unethical and Criminal in Florida

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