In Your Business

27 December 2017
08 December 2017
08 December 2017
08 December 2017
08 December 2017
08 December 2017
08 December 2017
08 December 2017
07 December 2017
06 December 2017
06 December 2017
05 December 2017
04 December 2017

Citizens Insurance used unlikely recruits for Irma claims response

"Faced with a shortage of catastrophe claims adjusters in the middle of the most severe hurricane season in a decade, state-run Citizens Property Insurance Corp. got creative.

It worked with one of its contracted adjuster firms to train and deploy real estate agents, home inspectors and even insurance agents to visit homes damaged during Hurricane Irma, take photos and upload preliminary claims estimates."

 

30 November 2017

Magnitude-4.1 earthquake strikes Delaware

The USGS says it has more than 2,000 responses from people who felt the temblor throughout the mid-Atlantic — as far south as suburban Washington, D.C., and as far north as the Poughkeepsie, N.Y., area.

An earthquake of that strength is considered to be moderate and generally results in little damage, the federal agency reports.  

“We wouldn’t expect to have damage from an earthquake of this size," said Paul Caruso, a USGS geophysicist based in Golden, Colorado. “We know from the past even when we have quakes above magnitude 3 on the East Coast, they’re felt pretty far away.” 

The above is from the News Article on USATODAY.com

23 November 2017
Insurers’ incorrect statements to fire victims lead regulator to issue formal notice

Insurers’ incorrect statements to fire victims lead regulator to issue formal notice

Insurers’ incorrect statements to fire victims lead regulator to issue formal notice

Notice requires insurers to make sure their staff are trained in California laws and rules
SACRAMENTO, Calif. — Insurance Commissioner Dave Jones directed the California Department of Insurance to issue a formal notice to insurers, licensed public adjusters and admitted carriers to make sure all claims adjusters assigned to wildfire claims, including those not licensed in California, are properly trained on the California Unfair Practices Act, Fair Claims Settlement Practices Regulations, and all laws relating to property and casualty insurance claims handling.
11 November 2017

Hurricane Irma recovery slowed by shortages of insurance adjusters, contractors

"Much of the post-Irma frustration stemmed from dealing with catastrophe adjusters quickly trained and supervised under the governor’s Sept. 4 emergency authorization allowing suspension of normal credentialing requirements, Dominguez said.

One such adjuster was dispatched to an English-speaker’s home despite not knowing how to speak English, Dominguez said.

After Hurricane Harvey, “the cream of the crop” of independent insurance adjusters headed to Texas to work for insurance companies there, Papy said. Then, when Irma looked likely to strike Florida, insurers here were forced to compete to secure services from adjusters who didn’t go to Texas." (from the article)

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