Recent lawsuits in South Florida highlight allegations against property insurers for using unlicensed and inexperienced claims adjusters, potentially undermining homeowner claims.
In a lively thread on a subreddit for adjusters, insurance professionals debated the complexities of handling roofing claims with discontinued materials, emphasizing the impact of state-specific regulations and the reality of ’matching’ in insurance repairs.
In 2023, the U.S. experienced several catastrophic floods, revealing critical gaps in current flood risk assessments and the growing impact of climate change.
Homeowners insurance rates have surged by 50% since 2019, exacerbating the financial burden on homeowners, yet this rise is missing from CPI calculations.