“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 to their own. And wherever there’s some ambiguity, they need to do the right thing and indemnify their policyholders,” said Friedson.

He said this issue could go all the way to the Supreme Court because the result would likely affect all insurance companies and claims.

Read Full Story>> https://sanfrancisco.cbslocal.com/2020/07/09/chez-panisse-founder-alice-waters-lawsuit-insurance-company-covid19/

 

Originally Published With REjournals | BRANDI SMITH | JUNE 2, 2020

Nearly every business has incurred some kind of economic loss associated with the COVID-19 pandemic, which in some cases has proven to be as detrimental as damage caused by severe weather or a natural disaster.

“The ensuing result has been an extremely large economic loss to policyholders who have, in turn, looked to their insurance companies and said, ‘Hey, this should be covered, right?’” said Scott Friedson, CEO of Insurance Claim Recovery Support.

This is Friedson’s forte. As a public insurance adjuster, he’s authorized and licensed to negotiate insurance claims on behalf of policyholders, including business interruption loss claims.

“There have been a lot of disputes and interpretations going on as it surrounds this completely uncharted territory that we’ve entered into around COVID-19 insurance claims,” he said, kicking off REDnews’ May 14 webinar Navigating Current Business Insurance Claim Loss Strategies.

Read the full article HERE. 

 

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Hard-hit restaurants, gyms, and other businesses are battling insurers over the coronavirus, sparking a new Washington lobbying war

Hundreds of billions of dollars are at stake, and some groups have asked Trump to intervene.

A multibillion-dollar standoff between the nation’s leading insurers and the restaurants, hotels, gyms, and theaters that purchase their policies has spilled into some of the most powerful corridors of Washington, as both sides clash over who should foot the sky-high costs of the coronavirus outbreak.

The battle hinges on whether insurance providers should have to pay claims to companies that have shuttered unexpectedly as a result of the deadly pandemic. The dispute has attracted the attention of President Trump, triggered lawsuits in courtrooms nationwide, and touched off a massive lobbying blitz on Capitol Hill, where some insurers say the federal government instead should be the one providing financial help to those that need it most.

The industry’s powerful lobbyists, led by the American Property Casualty Insurance Association (APCIA), say “business interruption” policies never were intended to cover contagions. Even if they had been, the estimated claims just from small businesses during the coronavirus pandemic could total more than $430 billion a month, threatening to create a “solvency event” for the industry, said David A. Sampson, the group’s chief executive.

Read More Here
https://www.washingtonpost.com/business/2020/04/22/businesses-insurance-coverage-coronavirus/