Florida Begins New Era with Major Property Insurance Reforms
Summary of Key Provisions of the Act[1] Bad Faith – Revises Florida’s Bad Faith Statute to eliminate the payment of an appraisal award or and the acceptance of an offer of judgment as a basis to file a bad faith action; Attorney Fees – The Act eliminates the right to attorney fees in residential […]
Hurricane Ian Property Damage Insurance Claims
Hurricane Ian could potentially generate more than $30 billion in insured property losses, which would make it one of the largest natural catastrophe events in US history. #hurricaneian #publicadjuster #propertyinsurance #propertydamage https://www.claimsjournal.com/news/national/2022/09/29/312944.htm
What do public insurance adjusters do? 9 tips for settling disaster insurance claims
What do public insurance adjusters do? Scott Friedson, a public insurance adjuster (PA) and the CEO of Insurance Claim Recovery Support described what a PA does: “Like your CPA who attends your IRS audit on your behalf, a good PA will be your advocate with the insurance company and will negotiate on your behalf to […]
Prison-bound insurance regulator!
Disgraced insurance commissioner receives 7-year jail sentence! Georgia’s former insurance commissioner, will spend more than seven years in prison for his role in a $2.5 million fraud scheme as a federal judge lambasted him for lying from the stand during his July trial. Jurors convicted on 37 counts of wire fraud, mail fraud, money laundering, […]
Businesses are battling insurers over the coronavirus
By Tom Hamburger and Tony Romm April 22, 2020 at 12:23 p.m. CDT 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 […]
Study: How the Cash Rich Insurance Industry Fakes Crises and Invents Social Inflation
STUDY SHOWS INSURANCE INDUSTRY ONCE AGAIN CREATES A PHONY CRISIS TO PRICE-GOUGE BUSINESSES Washington, D.C. – A comprehensive new study of the property/casualty insurance industry, How the Cash Rich Insurance Industry Fakes Crises and Invents Social Inflation, was released today. The study shows that this industry is, once again, in the process of deceiving businesses, consumers, and regulators […]
Small Business Owner Guide: COVID-19 Resources and Relief Options
Guide For How Your Small Business Can Survive the Pandemic Published: April 8, 2020 Updated: April 10, 2020 Gene Marks Recent weeks have impacted small businesses around the globe. To slow the spread of COVID-19, governments have mandated social distancing and self-isolation tactics, forcing millions of people to turn to remote working. Some businesses have […]
Trump Tells Insurers to Pay Virus Claims If Pandemics Not Excluded
Trump Tells Insurers to Pay Virus Claims If Pandemics Not Excluded President Donald Trump on Friday staked out his position in a legal battle over business-interruption claims: Unless the policy excludes pandemics, insurers should pay. Trump spoke about the issue for a minute and a half during his daily coronavirus task force briefing after a reporter […]
Severe Thunderstorm Hammers Del Rio
A severe thunderstorm with strong wind gusts and softball size hail hammered Del Rio Saturday night, causing extensive damage to vehicles, roofs, and windows. Neighbors throughout the city reported large hailstones, ranging from quarter size to golf ball and even softball size in their properties. A severe thunderstorm warning issued by the National Weather Service […]
Has COVID-19 Caused Your Business to Close?
The Coronavirus (COVID-19) has interrupted many businesses, impacting their income and revenue. Most policies exclude viruses but many business interruption policies trigger coverage for business loss due to a pandemic event or civil authority. If your City or State has issued an order to shut down your business we can assist you in determining if your […]