Entries by Scott Friedson

5th Circuit Reasserts That Bad Faith Isn’t Necessary to Win Interest Penalty Against Texas Insurers

Original Article Written By Jim Sams of Claims Journal Texas policyholders don’t have to prove that their insurer acted in bad faith in order to collect 18% interest on late claim payments. A Houston plaintiff’s attorney defeated State Farm Lloyd’s for the fourth time on the same issue, this time coming away with a federal […]

Texas Matching Statutes

Matching is one of the most difficult issues to handle within the world of property insurance. For example, if after a hail storm, part o f the owner’s siding is damaged, and their siding company no longer carries the existing siding, what is one to do? Should the entire property’s siding be replaced or is […]

Hurricane Hanna Insured Losses Reach Nearly $350 Million

According to the catastrophe risk modeling firm, Karen Clark & Company, the total insured losses from Hurricane Hanna could reach up to $350 million. What does the estimate include? Karen Clark & Company reported the estimate includes the privately insured wind and storm surge damage to residential, commercial/industrial properties and automobiles. The estimate does not include […]

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Scott Friedson weighs in regarding insurance carrier AMCO Insurance Company rejection of another restaurant’s business interruption claim on CBS News.

“The American people are being grossly deceived by their insurance companies,” said Scott Friedson, CEO of Insurance Claim Recovery Support. Friedson is a public insurance adjuster who advocates for policy holders. He is fighting the insurance companies on this issue and trying hold them accountable. “They need to be holding the interest of policyholders equal […]

Avoiding Unnecessary Litigation With a Public Adjuster

Avoiding Unnecessary Litigation With a Public Adjuster Commercial contractors and their clients carry a lot of risk managing the time and expenses of dealing with insurance claims. Overhead and profit, general conditions, policy language, interpretation of policy, code upgrades, negotiations, statutes, estimates, engineer reports, adjusters, attorneys, and appraisers are just a few of the factors […]