Florida policyholders have been promised lower insurance rates for years by legislators and lawmakers. As recently as 2019, a new law went into effect that aimed to reform the market and make coverage affordable. Known as the “AOB Law,” it was the most heavily lobbied bill during the session. It was primarily supported because carriers […]
To help consumers and small businesses receive equitable payments on insurance claims, Rep. La Shawn K. Ford is sponsoring legislation to help policyholders get fairly reimbursed for experts and consultants who help them make their case. “The passage of House Bill 142 would be a huge win for Illinois insurance policyholders,” said Rep. Ford, D-Chicago.
A key argument in most first party breach of contract cases is whether or not consequential damages can be recovered. Should damages that were caused by the breach of contract be awarded to the first-party claimant, even if those coverages are not listed in the policy? These types of cases blur the lines between breach
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 »
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 »
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 »
On April 26th last year, the Florida Governor signed into law Florida House Bill 7065. It was implemented on July 1st, 2019. The aim was to reduce the amount of assignment of benefits agreements that could be signed between entities and insureds. The immediate goal was to prevent the insurance company from abusing the legal
In Goshen, Indiana a judge sided with a couple in their roofing scam lawsuit. They were awarded more than $255,000 damages after the contractor they sued never responded to their accusations. They are only one couple out of hundreds of other victims who were also deceived after a hail storm last year. Out of 600
