"The disaster recovery resources you provided helped many individuals and families."
Most homeowner’s property insurance policies contain “intentional loss” and “concealment and fraud” provisions that exclude or bar coverage if any person who qualifies as an “insured” (typically defined to include the named insured and residents of the named insured’s household who are his or her relatives) commits or conspires to commit an act intending to cause a loss (e.g., arson), intentionally conceals or misrepresents any material fact or circumstance, or engages in fraudulent conduct. But when a family member acts alone in setting an arson fire, should their innocent relatives pay...Read More
When you buy insurance, you pay for coverage and good service if and when you file a claim. Good claim service includes estimating the extent and value of your claim fairly and promptly. Insurance company claim adjusters often bring in outside experts to inspect and give their opinions. There's been much written by our organization and others about problems that arise when adjusters bring in outside experts who are too cozy with them and inclined to underestimate damage or find an excluded cause of loss. This can happen where the expert is motivated to please...Read More
The business of insurance is primarily regulated by individual states with a minimal amount of oversight by the Federal Government. State regulators coordinate with each other through an organization called The National Association of Insurance Commissioners. Three times a year, the NAIC hosts a conference that lasts 4 days. Each day is jam packed with meetings starting at 7:30 am on everything from regulating insurers' finances to marketplace oversight to health care reform implementation and a thousand other issues. In closed door and open meetings, regulators and their...Read More
Most people pay their home, business and renters insurance premiums for years and years without ever having a loss or using the policy they’re paying for. Yet even people who’ve had a long claim-free record are finding that after they do suffer a loss and file a claim, they get dropped (non-renewed). This has been happening more and more as insurers base their business decisions on data-mining and information technology. People are finding that when they use their insurance, they lose their insurance. And it can be very hard to find another insurance company to...Read More
UP is hosting a Roadmap to Recovery workshop for Butte Fire survivors Wednesday, October 14th at 6pm at Mountain Ranch Town Hall. This workshop is an insurance recovery orientation and will provide information on navigating the insurance claim process. There will be a Q&A session after the workshop if you have any questions on your own insurance claim. For questions, email email@example.com or call (800) 286-5631Read More