2020 was a year of record-breaking storms that caused billions of dollars in claims across the U.S. Insurance policies are the safety net home and business owners rely on but the property damage claim process is often the second catastrophe experienced when trying to recover. The aftermath of Hurricane Laura in Louisiana is one example […]
3 Challenges For Policyholders Seeking Fair Claim Settlement Read More »
Insurance claim complaints are common after any catastrophic weather event. A high number of policyholders filing claims and a limited number of adjusters can cause longer turnaround times, rushed inspections, and overall delays in the process. Insurance carriers are required to meet specific deadlines once a claim is filed but what happens when they don’t
Derecho Complaints Skyrocket 80% After News Story Read More »
A growing trend among insurance carriers to use unlicensed, untrained “professionals” to assess damage and work insurance claims could get a whole lot worse. A recent report put out by McKinsey and Company notes how carriers can increase profit by moving as much as “30% of their workforce to outside vendors”. What do they mean
Why Are Unlicensed “Professionals” Adjusting Claims? Read More »
Policyholders pay A LOT in insurance premiums each year. In fact, if you own a home, have kids, or if your employer does not provide health insurance, your annual premiums can be well over $1,000 per month just for basic auto, home and health coverage. With that level of financial commitment, most people expect any
Addressing The Insurance Claim Bad Faith Loophole Read More »
Last month a federal court ruled that a class-action lawsuit against State Farm can move forward. The outcome of the case would directly impact over 65,000+ policyholders in the state of Kentucky who’s underpaid insurance claims go back to 2014. How and why did so many insurance claims go underpaid for over 10 years? The
Class Action Lawsuit Triggered By Xactimate Error Read More »
In most cases, Public Adjusters (PA) only get paid when their involvement in a claim results in a payment increase. It’s arguable that the main reason policyholders would need a PA is because of the mistakes and mishandling of claims made by the insurance company. It is also safe to say Public Adjusters are the
Better (Not More) Regulations Are Needed To Protect Policyholders Read More »
The American Adjuster Association was created to create awareness of existing roadblocks that prevent fair insurance claim payout. On 8/26/2020, the Board of Directors went live on Facebook to discuss how we can work together to help the people who need it most: policyholders.
Live With American Adjuster Association Read More »
It is not uncommon for several insurance adjusters and experts to be involved in a property damage claim. Insurance carriers have their own inhouse team (people referred to as a carrier or desk adjusters) and regularly use Independent Adjusters (IA) during catastrophic events like a hurricane to manage a high volume of claims. Policyholders are
Adjuster Licensing Rules Creates Imbalance Of Power Read More »
Some industries have been getting insurance refunds for their premiums because of COVID closures, but it’s not the industries you’d think of.
Insurance Refund For COVID? Read More »
Did you know policyholders in Texas carry the burden of proof in an insurance claim process? Texas is known for a lot of things including BBQ, live music, scorching summer temperatures and severe weather. As the second largest U.S. state by size, the popular saying “everything is bigger in Texas” is true – and especially
Everything Is Bigger In Texas Including Burden Of Proof On Policyholders Read More »
