Claims News Recap
October 8th - October 12th
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Friday, October 12th, 2018
Much of the damage to homes from Hurricane Michael will be paid by an array of small, little-known insurers, backed up by larger reinsurance companies around the globe. Florida is an oddball insurance market for homeowners, where household-name companies like State Farm and Allstate Corp. don’t have the outsize roles they do in other states....
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Thursday, October 11th, 2018
Hurricane Michael made landfall Wednesday on the Florida Panhandle with winds of 155 miles per hour. A hurricane reaches Category 5 status when winds reach 157 miles per hour. Only a few storms have made landfall in the United States stronger than Hurricane Michael. Only three Category 5 storms have ever hit the continental United States; Hurricane Katrina, a Category 3, was not one of them.....
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Wednesday, October 10th, 2018
Hurricane Michael rapidly gained strength in the warm waters of the Gulf of Mexico Tuesday night and continued to intensify Wednesday morning, threatening to become the most intense hurricane on record to strike the Florida Panhandle. The dangerous Category 4 hurricane has winds up to 145 mph, and is predicted to make landfall Wednesday afternoon. It would be the first time a Category 4 hurricane strikes the Florida Panhandle since records began in 1851....
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Tuesday, October 9th, 2018
The Information is reporting today on Apple’s five-year struggle to tackle iPhone repair fraud. The scheme centres around crime gangs who were buying or stealing iPhones, removing valuable parts like CPUs and screens, and then claiming their devices were broken at Apple Stores and getting the Genius to replace them under warranty. The parts were then sold on....
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Monday, October 8th, 2018
To many homeowners, home insurance is just another bill to pay. But when disasters happen, this extra layer of protection can serve as your lifeboat—and simultaneously, your worst nightmare. That’s because each home insurance claim, while offering financial relief in the short term, can increase the amount you pay for your premium—sometimes dramatically. So what’s a budget-conscious homeowner to do?....
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