Insurance claims reached about $1.2 billion, according to the report. Thunderstorms -- including losses from damage caused by hail, wind and tornadoes -- have surpassed hurricanes as the costliest peril for the insurance industry in the U.S. over the past decade, said Steve Bowen, director and meteorologist of Aon Benfield's impact forecasting division. Fewer hurricanes have been making landfall, but thunderstorms have become increasingly damaging. "While the individual losses themselves may not be as costly as hurricanes, it's sort of death by a million paper cuts," Bowen said. "You get all... Read more
We dont know whats going to happen? Johnston told the PLRB audience. What the Trump team does bears watching. A more hardline approach could see prosecutors going after users, producers and distributors under federal statutes, or filing civil suit to challenge state laws on the basis of preemption, Johnstonwrote in his report. Should that occur the ramifications for insurers and other industries serving the marijuana industry could be significant. He advised insurers on two ways they can get a marijuana-related claim into federal court. The insurance company can beat the plaintiff to the c... Read more
While the federal government talks a wait-and-see approach to state experiments in marijuana legalization, insurers can expect more of their insureds to argue that courts should ignore federal law and precedent when interpreting insurance contracts for medical marijuana-growing businesses, Johnston warned in his report. Driving Under Influence In the area of auto insurance, it is insurance claims advice a crime to drive while intoxicated in all states, and there are objective standards for determining intoxication. But the rules around marijuana intoxication are hazy with uncertainty over... Read more
Bedbugs accounted for 21% of U.S. business liability claims. Some claims, however, were peculiar, such as a hotel guest whose room was invaded by a flying squirrel and another whose hearing aid and slippers were destroyed by a rodent. Two claims involved people who were attacked by aggressive peacocks, according to the study. Bedbugs, found on every continent except Antarctica, have been biting people for thousands of years. Widespread insecticide use in homes after World War Two eliminated them from many regions, but bedbugs developed pesticide resistance and rebounded, thriving in heated... Read more
Sunday, April 16, 2017 Homepage 6:00 a.m. Sunday, April 16, 2017 Homepage 0 It is often said that insurance companies make money by not giving it away. That kind of belief comes about because dealing directly with an insurance company on a claim can often be frustrating and nonproductive. Florida has a special statute that provides that when an insurance company fails to pay a valid claim on behalf of one of its insureds that the insured has the right to hire a lawyer who is paid a court awarded fee against the insurance company. This is true regardless of what kind of insurance claim is in... Read more
Submitting an insurance plan claim often follows a terrible misfortune in your daily life. So, the very last activity you want is a battle with your insurance provider to force it to make a settlement. Nevertheless, home owners may utilise measures during every single point during the process to help make certain your family obtain total satisfaction.
Despite the fact that the procedure might be difficult to understand and even time consuming, you will need to determine the best ways to manage the household insurance coverage claim process effectively, if you wish to get paid for your losses....
The second your family have suffered from an upsetting event such as a tornado in your residence, the last thing you really need at that point is a tough insurance coverage claim. Even so, when you abide by the correct process, you are most likely to obtain successful.
Although the procedure may be challenging as well as demanding on your time, you should know the best way to manage the home insurance coverage claim system correctly, if you would like to be recompensed for your losses.
Learning the residential property insurance coverage settlement procedure offers you a better possibility...