Claims Adjusters Share Their Frustrations in Property Claim Adjustments
Claims adjusters reveal the myriad challenges and frustrations they face during property claim inspections, from uncooperative homeowners to aggressive public adjusters.
March 26, 2024
Fraud
Insurance Industry
Property
Risk Management
California
Florida
Texas
2023 Reflects a New Norm in Natural Catastrophe Insurance Losses
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.
March 26, 2024
Catastrophe
Property
Risk Management
Technology
California
Florida
Louisiana
LoanDepot to Revise Appraisal Complaint Policies Following Settlement with Baltimore Couple
In a legal settlement with a Black couple, mortgage lender loanDepot commits to policy changes after accusations of racially biased appraisal practices.
March 26, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Maryland
Washington Supreme Court Rules in Favor of Condo Association in Insurance Dispute Over Water Damage
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.
March 26, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Washington
Adjusters Share Frustrations and Experiences with Difficult Claimants
Discover the world of claims adjusters as they navigate challenging interactions with claimants, revealing the complexities behind insurance claims processing.
March 22, 2024
Auto
Insurance Industry
Litigation
Property
Florida Judge Criticizes Insurance Company for Blocking Policyholder Claims
A Nassau County judge accuses a Florida insurance company of stonewalling policyholders and ignoring court orders, highlighting a broader issue with claim disputes.
March 22, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Florida
Vermont Communities Seek $3.5M for Home Elevation After Catastrophic Flooding
In response to devastating floods, Barre and Montpelier request $3.5 million to elevate homes, providing safer living conditions amid a housing crisis.
March 22, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Vermont
Claims Adjusters Urged to Justify Their Decisions Amid Rising Concerns Over Training and Experience
Experienced adjusters call for their peers to better defend adjustments, highlighting concerns over recent training quality and ethical standards in claim handling.
March 21, 2024
Education & Training
Litigation
Property
Technology
Atlantic City Races Against Time for Beach Replenishment Before Summer Season
As crucial summer months approach, Atlantic City faces significant beach erosion, prompting urgent calls for expedited beach replenishment projects.
March 21, 2024
Catastrophe
Insurance Industry
Property
Risk Management
New Jersey
State Farm to Non-Renew Thousands of Property Policies in California Amid Market Challenges
State Farm General Insurance announces significant policy non-renewals in California, citing financial stability and market conditions.
March 21, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
California
Record-Breaking Hail Events Mark the Start of 2024’s Severe Storm Season
Over 660,000 properties were hit by significant hail during early March, surpassing 2023 records and signaling a potentially challenging year for insurers.
March 20, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Arkansas
Illinois
Kansas
Missouri
Oklahoma
New Jersey Implements Flood Risk Disclosure Law for Real Estate Transactions
Starting March 20, New Jersey's new law mandates flood history and risk disclosures for all real estate transactions, enhancing transparency and preparedness.
March 20, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
New Jersey
How Property and Casualty Insurers Can Boost Profits with AI in 2024
As P&C insurers navigate inflation and climate challenges, strategic AI adoption, including computer vision and LLMs, offers a path to enhanced profitability.
March 19, 2024
Property
Risk Management
Technology
Underwriting
Massachusetts Beach Community Faces Setback as Storm Washes Away Newly Added Sand
A recent storm in Salisbury, Massachusetts, has undone efforts to fortify the beach, washing away $600,000 in sand, despite community-led dune replenishment initiatives.
March 15, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Massachusetts
New Jersey
Innovative Initiative Launched to Enhance Insurance Access for High-Risk Buildings
A groundbreaking facility aims to make insurance more accessible for buildings with fire safety issues, boosting market competition and support for affected properties.
March 13, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
