Insurers Agree To Increase Payments Without Itemization For North Bay Fire Losses

Friday, January 19th, 2018 Property Risk Management

Under pressure from state Insurance Commissioner Dave Jones, many insurance companies have agreed to make additional payments for personal property lost in the North Bay fires without requiring policyholders to fill out a detailed inventory. Jones called on insurers last month to provide North Bay fire victims up to 100 percent of their personal property coverage limits without itemizing their losses, citing the emotional and physical toll that fire victims were undergoing. He asked them to reply by Jan. 8 on whether they would comply with his request.


External References & Further Reading
http://www.pressdemocrat.com/business/7885102-181/insurers-agree-to-increase-payments
SOS Ladder AssistMid-America Catastrophe ServicesAspen Claims ServiceNationwide OversprayU.S. Forensic