Insurance Adjuster News

When Your Patio Can Turn Your First Floor into a Basement

Frequent readers of our blog know there are many quirks and pitfalls in the National Flood Insurance Program of which policyholders must be aware. Here in the Garden State, many have seen their flood claims drastically reduced because of the basement exclusion. The Standard Flood Insurance Policy defines a basement as “[a]ny area of the building, including any sunken room or sunken portion of a room, having its floor below ground level (subgrade) on all sides.” Pursuant to the recent 1st Circuit opinion in Matusevich v. Middlesex Mutual Assurance Company, alterations or improvements sitting on top of the ground can effectively alter the ground level and change a first floor into a basement.

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The Road to ALE, from Loss to Being Incurred, Part 2 - "Uninhabitable Conditions"

During the 15 to 30 seconds that my home rolled and shook on Sunday from the 3.5 earthquake centered in Baldwin Hills, California, I was prompted to think about the habitability or rather “uninhabitable conditions” I may encounter if the shaking got any worse or continued. Earthquakes are rather commonplace in California and thankfully this earthquake, which was centered within 10 miles of my home, ceased and I was able to continue on without damage or loss.

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Bill to rename, reform windstorm insurance agency passes panel
AUSTIN — A bill to reform and rename the Texas Windstorm Insurance Association made it out of committee Tuesday and heads to the full Senate, ...

Adjusters International to Seek GSA, Expand Reach to Government Agencies
“Adjusters International has been guiding public agencies to successful disaster recoveries for 30 years. We have specialized in insurance consulting ...

Lawmakers vote out insurance over-litigation bill
Larry Taylor, R-Friendswood, aims to stop recent situations such as with hail storms in the last two years where public adjusters and attorneys ...

Dealing With Marijuana Insurance Claims

Only in cool and wacky California would I be in a property insurance claims seminar titled, Dealing With Marijuana Insurance Claims. The presentation was by Robb Greenspan at the First Party Claims Conference West in sunny Marina del Rey last Thursday.

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State of Emergency Declared As Tornadoes Hit Moore, Oklahoma Area Again: Oklahoma Coverage Series

I recently blogged about predictions for a lighter storm season this year in the southern United States. It is a good thing I closed by saying “don’t get too excited about this prediction.” On the heels of that blog tornadoes hit the Moore, Oklahoma area again on the evening of March 25, 2015. Governor Mary Fallin declared a state of emergency in 25 counties affected by tornadoes, severe thunderstorms and straight-line winds.1

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Flood Insurance Rates Increase Today

It’s not an April Fools’ joke; flood insurance premiums will begin to increase today. The increased premiums are happening now as part of the Flood Insurance Relief Bill that was signed last year in response to the increased flood premiums that were being sent to policyholders under the Biggert-Waters Flood Insurance Reform Act of 2012.

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2015 Insurance Issues in Florida Legislature

The Florida Legislature is currently in session. Therefore, we all must keep an eye out for changes that can affect policyholder rights and obligations. I have listed three bills below that merit attention (they each have Senate companions but I only focused on the House versions):

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What Constitutes Insurance "Bad Faith" in Kentucky?

This week, in the spirit of the March Madness NCAA Tournament (and the team I have in my bracket to win it all), I decided to research what constitutes insurance bad faith under Kentucky law.

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