Chris McMahon – January 8, 2013 Fitch says total estimated losses could continue to rise, as several insurers have yet to release loss estimates. Insured losses attributable to Superstorm Sandy will exceed $20 billion, according to an update from Fitch Ratings, and based on loss estimates from individual companies totaling $16 to $17 billion so… Continue reading Sandy-Related Insured Losses Likely to Exceed $20 Billion – Insurance Networking News
Category: Insurance Claims
Navigating the Insurance Implications of Superstorm Sandy
Mary Beth Forshaw and Bryce L. Friedman – December 11, 2012 In the weeks since Sandy struck the east coast of the United States, estimates of property damage, business interruption expenses and other related losses have exceeded $70 billion, with insured losses estimated to be in the $25 billion range. As hundreds of thousands of… Continue reading Navigating the Insurance Implications of Superstorm Sandy
California Court Reaffirms Negligent Professional Advice not an Occurrence
In its recent decision in Aquarius Well Drilling, Inc. v. American States Insurance Co., 2012 U.S. Dist. LEXIS 172770 (E.D. Cal. Dec. 4, 2012), the United States District Court for the Eastern District of California had occasion to consider whether an insured’s professional negligence constituted an occurrence for the purpose of triggering coverage under a… Continue reading California Court Reaffirms Negligent Professional Advice not an Occurrence
The Early Bird Gets the Worm. File Your Super Storm Sandy Claim As Soon As Possible!
Joseph A. Porcelli – November 21, 2012 Good communication with your insurance company is incredibly important when filing a property damage claim. While the statute of limitations on property damage claims may be as long as three (3) years in some states, be sure to check your insurance policy to see if there is a… Continue reading The Early Bird Gets the Worm. File Your Super Storm Sandy Claim As Soon As Possible!
When to Hire a Pro to Settle an Insurance Claim
Ray Martin – November 14, 2012 A few days ago I wrote about how to challenge the first offer from your insurance company in respect to a claim you have filed. In that column, I stressed the importance of carefully reviewing the adjuster’s report and using the documentation you gathered to make your case for… Continue reading When to Hire a Pro to Settle an Insurance Claim