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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. 

 

The National Weather Service has given multiple severe thunderstorm warnings this afternoon to counties and towns north of San Antonio, including Comfort, Kerrville, Bandera and Fredericksburg.

The NWS also issued a severe thunderstorm watch for Bexar County until 10 p.m. Thursday night.

Thursday, May 28

8:25 p.m.

The NWS has canceled the severe thunderstorm watch across South Central Texas. The remainder of the night should be partly to mostly cloudy, with a few residual showers across southern and western areas exiting to the south.

5:50 p.m.

A severe thunderstorm warning has been issued specifically for Bexar County and the City of San Antonio. According to the NWS, mainly the north side will be affected, with up to quarter-size hail and 60-mph winds.


Read More Here
www.tpr.org/post/severe-thunderstorms-bring-hail-san-antonio-area

GAINESVILLE, Tex. — If you’re a meteorologist and it’s May, you know the atmosphere always has a few tricks up its sleeve. Storms over Kansas produced incredible displays on Thursday, but Friday was shaping up to be iffier. Nonetheless, I drove the 460 miles to my chase target in Wichita Falls, Tex., bought myself an ice cream and waited beneath blue skies.

Before long, a towering cumulus cloud bloomed into a massive rotating supercell, a telltale hook appearing on the radar where it began to rotate. Air spiraled into its corkscrews updraft as rain and hail fell to the north. Even on the edge of the storm, I was getting big hail. I knew this would be a nasty storm.


Read More Here
https://www.washingtonpost.com/weather/2020/05/23/texas-storm-chasing/

We’re happy to help Amistad Bank after the April 11th hail storms. These kinds of storms can cause massive damages to businesses.

A severe thunderstorm with strong wind gusts and softball size hail hammered Del Rio, TX the night of April 11th, 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 alerted residents of Kinney County, Val Verde County and South Central Texas area of the storm, encouraging everyone to seek shelter immediately.

At 8:30 p.m the storm was located 12 miles east of Del Rio, moving east at 25 mph.

The storm carried a potential of 60-mile an hour wind gusts, the National Weather Service warning said.

After a hailstorm like this, it’s important to take steps to file a successful insurance claim:

  • Check your property for any potential hail and wind damage.
    • Damage to trees, landscaping, and vehicle dents for collateral damage.
    • Broken windows or siding.
    • Dents in gutters, downspouts, and air conditioning units.
    • Missing shingles, indentations in roof materials.
  • Take pictures of all damages.
  • Contact your insurer or insurance agent and put them on notice you intend to file a hail insurance claim.
  • YOU MUST MITIGATE DAMAGES as soon as reasonably possible.
  • Keep records of mitigation and clean up expenses.
  • Contact ICRS for a complimentary hail report that provides hailstone size at your location, policy review, and building inspection.

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 closed altogether, while others are promoting online sales and eCommerce. If you’re wondering where to turn during these complicated times, we’ve put together a comprehensive state-by-state guide on how to receive aid and keep your business open.

Federal

CARES ACT: The CARES Act passed in late March, which is a $2 trillion emergency relief package to help Americans impacted by the coronavirus pandemic. Importantly, the CARES Act includes Rubio’s Keeping American Workers Paid and Employed Act, a bipartisan small business emergency economic relief plan that provides more than $377 billion for small businesses to meet their payroll and expenses and receive education and assistance.

CARES Act SBA Loan Calculator: NAV has worked to create a calculator to help business owners see how much they qualify for.

FEMA Supply Chain, Delivery of Goods, Business Continuity Support Businesses that are experiencing issues regarding supply chains, delivery of goods, or business continuity should contact the FEMA National Business Emergency Operations Center. This is a 24/7 operation and they can assist in directing the inquiry to the proper contact.

Economic Injury Disaster Loan Program Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to COVID-19. The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by COVID-19. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

Federal Income Tax Filing and Payment Deadline Extension The federal tax return filing deadline is now July 15, 2020. For tax payments of up to $10 million, the IRS has also extended the deadline for both individuals and businesses. Estimated tax payments for 2020 originally due on April 15, 2020, will now be due on July 15, 2020.

Check with your state tax agency to find out if your business has more time to file or more time to pay state and local taxes this year. Several states have already aligned their tax filing and payment dates with the new federal deadline. States also may waive or reduce penalties on late tax payments.

Reimbursement of Medical Leave Costs for SMBs The IRS recently updated information for employers regarding COVID-19-related medical leave.

The Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue and can be a term loan or used to bridge the gap while applying for a direct SBA Economic Injury Disaster Loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

SBA Access to Capital provides a number of loan resources for small businesses to utilize when operating their business.

SBA Government Contracting: SBA is focused on assisting with the continuity of operations for small business contracting programs and small businesses with federal contracts.

If a situation occurs that will prevent small businesses with government contracts from successfully performing their contract, they should reach out to their contracting officer and seek to obtain extensions before they receive cure notices or threats of termination. The SBA’s Procurement Center Representatives can assist affected small businesses to engage with their contracting officer.

Use the Procurement Center Representative Directory to connect with the representative nearest you.

The President’s Coronavirus Guidelines for America: 15 Days to Slow the Spread

The Centers for Disease Control and Prevention (CDC) offers the most up-to-date information on COVID-19. This interim guidance is based on what is currently known.

State and Local

Alabama

ALtogether is a one-stop-shop where Alabamians can ask for help or lend a hand during the COVID-19 crisis. This response effort is designed to connect businesses, nonprofits and people that need help with the right program partners–and to connect program partners with people and resources to help those most in need.

Alaska

Alaska Small Business Development Center COVID-19 Resource Center: The impact of Coronavirus disease (COVID-19) on Alaskan communities and businesses is changing daily. The Alaska SBDC is here to support and prepare small businesses in the days, weeks, and months to come. Here you will find guidance, updates, and resources to help adapt in an unpredictable situation.

Read More Here -> https://sba.thehartford.com/business-management/covid-19-relief-guide/