A Canton man, acting as an insurance adjuster, was sentenced to three years in prison for stealing $108,000 from a couple after their home was destroyed by fire.
After facing underwriting losses for years due to hurricane damages, Florida’s property insurers reported profits in 2023, signaling a potential market turnaround.
Claims adjusters reveal the myriad challenges and frustrations they face during property claim inspections, from uncooperative homeowners to aggressive public adjusters.
In 2023, natural disasters led to over $108 billion in insured losses, marking the fourth consecutive year above $100 billion, with severe convective storms hitting a record high.
In a legal settlement with a Black couple, mortgage lender loanDepot commits to policy changes after accusations of racially biased appraisal practices.
The Washington Supreme Court’s recent decision clarifies that all-risk policies cover damages caused by a covered peril, even if initiated by an excluded peril like faulty workmanship.
Discover the world of claims adjusters as they navigate challenging interactions with claimants, revealing the complexities behind insurance claims processing.
A Nassau County judge accuses a Florida insurance company of stonewalling policyholders and ignoring court orders, highlighting a broader issue with claim disputes.
In response to devastating floods, Barre and Montpelier request $3.5 million to elevate homes, providing safer living conditions amid a housing crisis.
Experienced adjusters call for their peers to better defend adjustments, highlighting concerns over recent training quality and ethical standards in claim handling.
Over 660,000 properties were hit by significant hail during early March, surpassing 2023 records and signaling a potentially challenging year for insurers.
Starting March 20, New Jersey’s new law mandates flood history and risk disclosures for all real estate transactions, enhancing transparency and preparedness.
As P&C insurers navigate inflation and climate challenges, strategic AI adoption, including computer vision and LLMs, offers a path to enhanced profitability.