Sunday, November 16, 2014

Repeated Red Flags In How Insurance Companies Have Handled & Denied The Claims Of Sandy Flood Victims For Damage To Their Homes

Author: Roy
Schumer, Gillibrand: FEMA must protect Sandy victims & ensure they are fairly compensated for devastating losses.

Repeated Red Flags In How Insurance Companies Have Handled & Denied The Claims Of Sandy Flood Victims For Damage To Their Homes.

 

Long Island, NY - November 16, 2014 - U.S. Senators Charles E. Schumer and Kirsten Gillibrand today called on the Federal Emergency Management Administration (FEMA) to immediately investigate repeated red flags involving Superstorm Sandy insurance claims for homeowners on Long Island.

The above is a quote from the article on LongIsland.com

(photo from the Gallery)

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Categories: News, Insurers, Flood

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Friday, April 19, 2013

Texas Insurers Headed Toward West Explosion Site

Source: Insurance Council of Texas

Author: Roy
Texas insurers are mobilizing to assist policyholders in the area of West where a fertilizer plant exploded yesterday causing extensive damage to the Central Texas community. 
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Categories: News, Insurers

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Tuesday, February 26, 2019

The advantage of recruiting non-insurance workers as claims professionals

Source: canadianunderwriter.ca

Author: CADO Admin

For independent adjusters, the need to replace retiring workers is becoming more urgent.
 

“A number of our front-line adjusters are very senior, very talented and experienced,” said Paul Féron senior vice president for Ontario and Manitoba at ClaimsPro LP. “In the next 5 to 10 years, a significant number of them will be retiring and deserve to retire. We need to be implementing proper succession planning and mentoring programs.”

Source of the above excerpt: canadianunderwriter.ca

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Categories: News, Insurers, Vendors, Work

Tags: Adjusters

Friday, April 3, 2020

Commissioner Lara Orders Insurance Data on Business Interruption Coverage to Assist California Small Businesses

Author: Roy

From the Press Release

...

"Commissioner Lara called on the insurance industry to assist small businesses facing layoffs and lost income due to business closures and government actions to prevent the spread of COVID-19. Insurance company responses to the data call are due by April 9, 2020, and will help the Department understand the number and scope of commercial business interruption type coverages in effect and the approximate number of policies that exclude viruses such as COVID-19. This data will help inform state policymakers on solutions to protect businesses.

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Categories: Insurers

Tags: DOI, California, COVID-19

Friday, February 22, 2013

New York reports more than 270,000 insurance claims paid after Sandy

From the Associated Press

Author: Roy

"More than 270,000 claims have been paid by 24 insurers since Hurricane Sandy damaged and flooded Staten Island and other parts of New York City as well as Long Island and its suburbs last fall, New New York officials report."

"The average time from claims report to inspection ranged from three days for Arch Insurance Group, with 242 commercial claims, to 20 days for State Farm with 55,592 claims, noting its wide array of claims, complexity and damage severity."

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Categories: News, Storms, DOI, Insurers

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Saturday, November 15, 2014

Insurance Carrier Changes Water Damage Coverage

Author: Roy

"Allstate was the one company that was the exception to this rule. Any water that comes in contact with the ground and then enters the home is classified as 'ground water', according to Allstate. This is reason enough for them to deny a claim. Other insurance companies view the sprinklers as part of the plumbing of the home, and would extend coverage if a sprinkler pipe broke and caused damage to the inside of the home, provided the water entered through a window well or stairwell and not through the foundation."  

quote from the article on:  http://newswire.net/

(photo from the Gallery)

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Saturday, June 6, 2015

Exclusive: Erie Insurance tests Google Glass to help process claims

Source: Paul J. Gough, Pittsburgh Business Times

Author: Roy

"The next time you get a visit from an insurance adjuster, he or she might be wearing a futuristic headset to help process your claim. Pittsburgh policyholders were part of a pilot program from Erie Insurance (NASDAQ:ERIE) to test the use of off-the-shelf Google Glass as a way to make insurance adjusters’ working lives easier and more efficient. The idea, developed by three Erie Insurance employees, was vetted by the board of directors following a company wide contest. This is the first time Erie’s program has been disclosed beyond the company." 

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Tuesday, January 22, 2019

NCJUA/NCIUA Approved Catastrophe Adjusters

Updated: 3/24/19

Author: Roy
The North Carolina Joint Underwriting Association (NCJUA), also known as the FAIR (Fair Access to Insurance Requirements) Plan, is a tax exempt association of insurance companies licensed to write and engage in writing property insurance coverage in North Carolina. The Association was created by law to act as a market of last resort to provide adequate basic property insurance to property owners having insurable property in North Carolina.

The above is a quote from their site. 



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Sunday, November 30, 2014

Team One Adjusting, LLC and Ideal Adjusting, Inc

Author: Roy
After storms damaged Mary Erving’s home in Cedar Hill, Texas, she looked to her homeowner’s insurer, National Lloyds to help her rebuild.  National Lloyds sent two adjusters, Team One Adjusting, LLC and Ideal Adjusting, Inc., to inspect the Erving home, and National Lloyds ultimately paid the claims based on the adjusters’ assessments.
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Monday, July 24, 2017

People News: Chubb, CCG, GEICO

Author: CADO Admin
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Categories: Insurers

Tags: Claims adjuster

Monday, September 11, 2017

Insurers ache for qualified inspectors after U.S. hurricanes

Source: Reuters

Author: CADO Admin

(Reuters) - Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other, causing tens of billions of dollars' worth of property damage in less than two weeks.


Although insurers maintain some number of inspectors, known as claims adjusters, across the U.S. year-round, they must redeploy staff from other areas or hire contract workers to fill gaps when catastrophes like Hurricanes Harvey and Irma strike. The speed with which they can do so is critical to residents and business owners awaiting insurance payments.

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Categories: Insurers, Hurricanes

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Friday, April 10, 2015

Office Approves Removal of up to 45,500 Policies from Citizens

Florida Office of Insurance Regulation

Author: Roy

 

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Categories: Insurers

Tags: Citizens

Thursday, February 21, 2013

New York State gets tough on Sandy insurers

New York State has told its financial watchdog to investigate three insurance companies ...

Author: Roy
(Reuters) - New York State has told its financial watchdog to investigate three insurance companies for dragging their heels when it comes to processing claims for damage caused by Superstorm Sandy that slammed the region last October.

New York State Governor Andrew Cuomo said in a statement that consumer complaints against Narragansett Bay Insurance Company, Tower Insurance Company and Kingstone Insurance Company received by the state's Department of Financial Services have been "much higher than average."

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Categories: News, Storms, DOI, Insurers

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Tuesday, February 26, 2013

Farmers - Deploys Cat Adjusters

2-25 Texas Storm

Author: Roy

February 26, 2013

A storm system moved through Austin and San Antonio, Texas producing strong winds on the evening of February 25, 2012. These conditions resulted to damage to homes and other property.

Catastrophe adjusters have been deployed to the area to assist with claims and we will continue to monitor the situation closely.

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Thursday, October 18, 2018

State Farm® to Conduct Drone Damage Assessment Flights Following Hurricane Michael

Source: State Farm 10-16 Press Release

Author: CADO Admin
It was less than one month ago when Hurricane Florence struck North and South Carolina. State Farm was the first and only insurance company to receive an FAA waiver allowing Claims pilots to operate drones beyond visual line of sight and over people for damage assessment. Drone flights were coordinated with the FAA and Mid-Atlantic Aviation Partnership (MAAP) at Virginia Tech as part of the Integration Pilot Program for large-scale damage assessment in Virginia and South Carolina.
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Thursday, April 25, 2013

State Farm® Names Top Ten States With Most Hail Losses

Author: Roy

From the State Farm Press Release:

Weather Conditions Put Kentucky in the Top Ten

Murfreesboro, TN (April 22, 2013)

Wind and hail storms remain some of the most frequent and severe causes of property damage. This year the Insurance Institute for Business & Home Safety Research Center conducted the first-ever indoor hailstorm, in an effort to research building products and ways to educate consumers.

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Categories: News, Storms, Insurers

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Sunday, June 18, 2017

Citizens: We weren't ready for major impact from Hurricane Matthew

Source: sun-sentinel.com

Author: CADO Admin
An Oct. 5 news release declared: “Citizens is ready for Hurricane Matthew, Are You?”

Months later, Citizens — with 225,000 policyholders in Broward, Palm Beach and Miami-Dade counties — revealed it was not ready to respond to a major storm in South Florida. Companies Citizens had hired to provide independent claims adjusters for post-storm damage assessments supplied far fewer adjusters than Citizens requested.

...
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Categories: Insurers, Catnip

Tags: Citizens

Sunday, November 30, 2014

National Lloyds Insurance Co and Compass Adjusting Services

Hurricane Ike trial ends in win for National Lloyds Insurance

Author: Roy
According to the charge of the court, filed Wednesday, jurors answered “no” when asked if National Lloyds failed to comply with the terms of the insurance policy issued to Thibodeaux.
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Monday, February 8, 2016

All insurers should resist dubious claims

Author: CADO Admin
Shingles are something you never want to have, unless they're on the top of your house or on the outside of your law office. 

Joe Cantu is fortunate not to have shingles, at least not on his roof, but he does have cement tiles up there, and some of them apparently got damaged when the March 29, 2012 hailstorm hit his Hidalgo County home. 

Though conceding that only 8-14 tiles were damaged, Cantu nevertheless wanted his insurer, State Farm Lloyds, to replace all the tiles on his roof, ostensibly to make sure they would match. 

When State Farm told Cantu “can't do,” Cantu said “can too” and filed suit. 

Last month, a federal jury agreed with State Farm. It wasn't a difficult decision in the end, because the cost of replacing the damaged tiles was less than Cantu's deductible. 

Source: setexasrecord.com 

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Thursday, December 4, 2014

Racketeering suit faces Hartford over Sandy

Author: Roy
New York • A couple claiming damage from Hurricane Sandy has filed court papers accusing a Hartford Financial Services Group Inc. unit, an engineering firm and a law firm for the insurer of engaging in racketeering by scheming to use fraudulent reports to deny claims.
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"Muffled Cries" story of adjuster killed in Tampa in Nov 04 reruns 9/22/07 at 6:30pm ET

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