Last year, we saw one of the most destructive storms in the history of the state with Hurricane Ian. This year, we are witnessing just how severe the lack of oversight is, in regard to regulating property insurance carriers’ financial integrity as well as making them accountable for their claims handling schemes. If the regulators…
As numerous clients are in various stages of repairs their Hurricane Ian damaged properties, we would like to share one success story that underscores the invaluable role experienced public adjusters can play contributing to the stability of Florida’s challenging insurance market. First, let’s look at an example of what has brought policyholders, claim professionals, state…
Insurers slashed Hurricane Ian payouts far below damage estimates, documents and insiders reveal – The Washington Post We all acknowledge there are good and bad actors in every industry. Unfortunately, we see these deplorable activities firsthand when policyholders call us frustrated after trying to settle their claim. I hope the Florida Legislature acts alongside the…
Insurance Reform Special Session Updates Public adjuster talks property insurance special session (baynews9.com) Lawmakers to tackle Florida’s property insurance crisis (baynews9.com) As legislators attempt to reform and bailout the Florida property insurance market, ask yourself this: Is the policyholder, property owner being put first? Is there any guarantee in the legislation that rates will come down?…
Let’s hope the FL legislators take a hard look at the sloppy claims practices and delay tactics that are hindering Hurricane Ian recovery during the special session on insurance reform next week. Insurance carriers and their claims departments should be put under the same scrutiny as Public Adjusters and Attorneys. Maybe if the carriers start…
As we continue to closely monitor Nicole, we wanted to provide you with a few updates. As Florida learns 2022 midterm election results, undecided is how Nicole will impact insurance companies and how they treat policyholders. We are seeing a steady stream of denied and marginalized claim payouts keeping Ian victims from a fair claim recovery. Here’s what…
Every day, clients ask questions about the claims adjusting process. Recently, a client and retired home builder affected by Hurricane Ian asked me, how much insurance company adjusters make? I probed, “Why do you ask?” The response, “My insurance company has sent 5 different people to inspect my roof damage and the amount they’re paying these people…
Hurricane Ian is producing all kinds of flood claim issues and conflicts with wind related water damage. National Flood seems to be responding well in some cases but others are frustrated and confused. We just received a $100K advance for one of our clients and we’ve seen some issuing $15K advance for contents and others…
Here is what we are seeing and advice on how property owners can handle and avoid potential problems with their flood and wind insurance claims. As tremendous losses continue to mount, many recovering from Hurricane Ian are realizing their insurance companies are not paying policy limits for flood and wind claims, as reported by the…
A recent open letter from the National Association of Public Insurance Adjusters (NAPIA) stated: “Public insurance adjusters are experts in the claims adjustment process and are, along with attorneys, the only “licensed” profession that can help consumers by preparing, filing, and adjusting insurance claims. It is important to note that policyholders have the right to hire their…