Uncategorized
Insured Must Obtain Settlement Consent Where Policies Require it
Where insurance policies require written consent from the insurer to enter into any settlement agreement, it is important to remember to ask, “May I?” Failure to do so may void coverage. That is what occurred recently in One West Bank, … Source: Claims Journal
Read MoreCalifornia Officials Proposes Stronger Laws for Wildfire Victims
California Insurance Commissioner Dave Jones and legislators from wildfire-damaged communities across the state unveiled eight bills (six of which have already been introduced) and two additional legislative proposals—all designed to strengthen consumer protections for wildfire survivors making insurance claims who … Source: Claims Journal
Read MoreThe Move to a Private U.S. Flood Insurance Market
Continued concern with the viability of the National Flood Insurance Program (NFIP) has led to growing interest in a private flood insurance market. For the first time last year, the Federal Emergency Management Agency (FEMA) entered into a reinsurance agreement … Source: Claims Journal
Read MoreWorst Global Weather Threat Isn’t Hurricanes
The National Oceanic and Atmospheric Administration this week released its list of climate events that have had the greatest economic impact on the U.S. from 1980 to 2017. At $306 billion, last year’s sustained costs due to weather disasters was … Source: Claims Journal
Read MoreNo Past Problems With Boat That Caught Fire Off Florida Coast
A casino company said Monday it never had a problem with the shuttle boat that burst into flames off Florida’s Gulf Coast, leading to the death of a female passenger. Tropical Breeze Casino spokeswoman Beth Fifer said the company does … Source: Claims Journal
Read MoreCalifornia Highway Will Remain Closed for Another Week After Mudslides
Crews working around the clock cleared boulders, trees and crushed cars from all lanes of U.S. 101, but California officials said Monday the key coastal highway would remain closed for another week after being inundated during mudslides that killed 20 … Source: Claims Journal
Read MoreWashington Town Evacuates Due to Slow-Moving Landslide
A slow-moving landslide in a fertile farming region in Washington state has forced evacuations as officials prepare for what they say is inevitable – the collapse of a ridge that sits above a few dozen homes and a key highway. … Source: Claims Journal
Read MoreA Refresher on the Named Storm Deductible
Hurricanes Harvey and Irma caused massive devastation to Texas and Florida and now frustration for policyholders, their attorneys and public adjusters due to the named storm deductible on some policies. This week Cozen O’Connor hosted a webinar to provide a … Source: Claims Journal
Read MoreMany Hurricane Issues for Florida Legislature to Consider
Storms are a major priority on the Florida Legislature’s agenda this year following Hurricane Irma‘s rampage across most of the state. Lawmakers will consider proposals ranging from making evacuations more efficient to helping the devastated citrus industry. The 60-day session … Source: Claims Journal
Read MoreCalifornia Town Will Most Likely Consider Future Floods When it Rebuilds
After power and drinking water return, and cleanup crews haul away the last of the boulders and muck that splintered homes like a battering ram, the wealthy seaside hideaway of Montecito, California, will start rebuilding with the possibility of another … Source: Claims Journal
Read More