Joseph A. Porcelli – April 17, 2013 Super Storm Sandy – Are Insurer’s Claim Estimates Too Low? Many victims of Super Storm Sandy have found that the settlement offered by their insurance company falls short of the actual costs associated with rebuilding and restoring the damages incurred. There are several reasons for this disparity. Most… Continue reading Claim Estimates Too Low For Sandy Storm?
Category: Insurance Estimates
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Amy O’Connor – March 13, 2013 Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements, one for homeowners and another for commercial roofs, that are becoming available. The two organizations that standardize forms and policies for property/casualty insurers, the American Association… Continue reading Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Xactware Unveils Revolutionary Multi-Platform Xactimate version 28
Jim Loveland – February 12, 2013 Latest version allows property professionals to estimate claims on mobile, tablet, online, or desktop platforms Today at its fourth annual user conference, Xactware unveiled Xactimate® version 28, a revolutionary new way to estimate structural repair costs on mobile, online, and desktop platforms. When the update is released in spring… Continue reading Xactware Unveils Revolutionary Multi-Platform Xactimate version 28
Sandy-Related Insured Losses Likely to Exceed $20 Billion – Insurance Networking News
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
Court holds a $500,000 SIR Fails to Comply with Insurance Requirements
Richard P. Dyer – July 17, 2012 A trial court in New York recently was faced with questions concerning the amount of damages a contracting party, Citibank, was entitled to because of the failure of its contractor to procure insurance. (See Spector v. Cushman & Wakefield, 2012 N.Y. Misc. LEXIS 2794; 2012 NY Slip Op… Continue reading Court holds a $500,000 SIR Fails to Comply with Insurance Requirements