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Claims Handling Requirements by State – New Jersey
I was recently asked by a collegue how long an insurance carrier has to pay a claim once it has been submitted. Because I maintain a database of regulations for the fifty states at my desk, I could...
View ArticleFlorida Hurricane Matthew Claims – Payment of Undisputed Amounts
States differ regarding the time frame required for a first-party property insurance carrier to pay undisputed amounts on a claim. In Florida, for a residential first-party property insurance claim,...
View ArticleHow Does Your State Rank When It Comes to Regulating Property Insurance?
North Carolina is dead last, scoring a D for the third year in a row. The only A+ was awarded to Vermont. In December, the R Street Institute published their 2016 Insurance Regulation Report Card. For...
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Important Reminder for Texas Public Adjusters: Reopening File and...
All public adjusters would love to get retained as soon as possible after the date of loss. Unfortunately, often, the public adjuster gets hired months or even a year after the date of loss. In that...
View ArticleGatlinburg Fires and Valued Policy Law in Tennessee
I am taking a quick break from my series on claims handling guidelines to write about an issue that is probably just coming up for many folks in Gatlinburg, Tennessee. The other night I was showing my...
View ArticleFEMA Extends Hurricane Hermine Proof of Loss Deadline a Third Time
Happy Holidays to property owners with Hurricane Hermine flood claims. FEMA has provided a further 30-day extension for Hurricane Hermine claimants to file flood proofs of loss. The deadline is now 150...
View ArticleFEMA Issues Bulletin on Use of Experts by WYO Carriers
As we enter a new year, FEMA has issued WYO Bulletin W-16091, “Guidance on the Use of Expert Services.” The purpose of the memorandum is “to ensure transparent and consistent claims handling for all...
View ArticleExclusions in States That Have a Statutory Standard Form Fire Insurance Policy
Insurers often issue property insurance policies intended cover multiple perils (e.g. water damage and fire). While insurers often include a number of exclusions in their policies, in states with...
View ArticleIn Texas Split of Authority on Scope of Adjuster Authority Must Result In Remand
There have been many cases recently decided in Texas Federal District Court on the issue of fraudulent joinder and remand of cases where in-state insurance adjusters are defendants in first-party...
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