Earlier this year, I wrote about a consumer friendly bill signed into law in New York allowing the "scope of loss" to be determined by appraisal. I received a comment to the post providing insight into how insurance carriers are treating appraisals where scope can be in dispute. I thought I would share with our readers and see if others have experiences with insurance carriers presenting similar arguments in New York appraisals.

Continue Reading Governor Cuomo Signed Bill Into Law On November 21st Allowing Appraisals In New York To Determine “Scope Of Loss” – Part 2

Governor Scott has just declared a state of emergency for the entire State of Florida and every county within the State. Let’s face it, as of this morning the forecast track and strength of Tropical Storm Erika has changed repeatedly with each hurricane center update. But as of the time that I am writing this post, it is predicted to traverse the spine of the Florida peninsula and could have wide-reaching affects for Florida residents.

Continue Reading Governor Declares State Of Emergency For Florida With Tropical Storm Erika Approaching

In the first post on this topic, I wrote about the Florida statute regarding the definition for independent adjuster and how that legal definition can be misunderstood by the public. So I got to thinking, how many other states have similar laws? I next reviewed is the state of New York, which is where I was born and raised near Buffalo, New York.

Continue Reading It Appears That Florida Is Not The Only State With Independent Adjuster Statutes That Could Be Misconstrued By The Public

Those that work in the insurance claims process regularly are familiar with the term “independent adjuster.” It is one that many of us know and understand, and some readers of this blog may even be independent adjusters. To those outside the insurance industry, a review of the term “independent adjuster” can give a misconception as defined by Florida law. Why is it a misconception you may ask? Let’s look at the definition. Here is the statutory definition for “independent adjuster” in Florida:

Continue Reading Florida’s Definition of “Independent Adjuster” Can Be Misconstrued

I have been following this case from Hurricane Sandy in the New York Federal District Court for a few posts now and the most recent activity may be a derailment of the $1 billion damage claim from Sandy. I do not like having to report on such situations as it can mean that a policyholder does not obtain the recovery that looked substantial following Sandy. However, I was shocked when I read an article just the other day written with an update on the case in an insurance publication.

Continue Reading Will The $1 Billion Super-Storm Sandy Battle Between Amtrak and Several Insurers Be Derailed?

When there is $1 billion involved in a Superstorm Sandy insurance coverage battle, you can bet your bottom dollar there is going to be some gamesmanship in court by the insurance carriers with skin in the game. This has proven true in a New York federal case involving Amtrak and a list of insurance carriers in a coverage case with damages claimed in excess of $1 billion.1

Continue Reading Litigation Gamesmanship Over Experts In $1 Billion Superstorm Sandy Battle

Well many folks in the insurance industry have been waiting some time for this moment… the decision of the validity of post-loss assignments of benefits in Florida. Several opinions were recently issued on the same day (May 20, 2015) by Florida’s Fourth District Court of Appeals related to assignments of benefits in property insurance claims.1 The cases involve the typical scenario where a policyholder hires a water remediation contractor after suffering a loss, and instead of having to pay them out of their pocket for the work, they issue and assignment of part of the claim proceeds to the vendor.

Continue Reading Are All Post-Loss Assignments Of Benefits Created Equal? Accrued vs. Unaccrued Rights Being Assigned

Several posts on this blog have discussed how important it is to request appraisal timely and to not act inconsistently with the right to appraisal—or it can be waived. Actively litigating a case has been held to be a waiver of appraisal. There has been another recent case in Florida dealing with this issue.1

Continue Reading Policyholder Waits Too Long to Request Appraisal–So “Waive” Goodbye to the Appraisal Remedy

Well it appears that this may be the last post in this series about national flood coverage of non-owned debris removal / boat in my front yard case. On Friday, April 17, 2015, the U.S. Court of Appeals for the Third Circuit denied the policyholders’ Petition for Rehearing.1

Continue Reading So I Have A Boat In My Front Yard Following Super Storm Sandy; Will My Flood Insurer Cover The Removal Of It And Other Non-Owned Debris? – Part 5

There has been some further activity to report in the flood non-owned debris, boat in my front yard case. This topic peaked my interest in the wake of Super Storm Sandy, and is my fourth update on the case. Often there will be debris scattered all around people’s yards following a flood event, especially one as significant as Sandy. On March 26, 2015, the U.S. Court of Appeals for the Third Circuit held that the Standard Flood Insurance Policy does not cover the expense of removing non-owned debris in the policyholder’s lot or any land outside the perimeter walls of the structure.1

Continue Reading So I Have A Boat In My Front Yard Following Super Storm Sandy; Will My Flood Insurer Cover The Removal Of It And Other Non-Owned Debris? – Part 4