Best Insurance Moves for April: Spring Cleaning for Your Insurance
Best Insurance Moves for April: Spring Cleaning for Your Insurance

As you’re tackling dust bunnies and cluttered closets in your spring cleaning, don’t forget your insurance policies. They may need to be dusted off and refreshed, too. Reviewing and adjusting your insurance coverage is an important part of overall financial planning. Here’s what to look…
Price Optimization Allegations Challenged, NAIC Investigating Practice
Price Optimization Allegations Challenged, NAIC Investigating Practice

By Don Jergler | December 18, 2014Reaction to industry-wide price optimization allegations from a consumer group known to call out insurers has been somewhat critical yet guarded – however it appears regulators may already be starting to look into the practice.Consumer Federation of America this…
Looking UP – Advocacy and Action
Looking UP – Advocacy and Action

The NFIP on the hot seat UP is using the federal Freedom of Information Act (FOIA) to obtain important data for our advocacy work on behalf of National Flood Insurance Program (NFIP) policyholders impacted by Superstorm Sandy. We began digging for information on NFIP claim…
Colorado disasters lead to home insurance spikes, cancellations
Colorado disasters lead to home insurance spikes, cancellations

Colorado is now one of the worst places in the United States for natural disasters. That’s if your measure is insurance claims filed by homeowners. The state is now second only to tornado-struck Oklahoma for catastrophic claims, according to new data from the Insurance Research…
FEMA Seeks Thousands of Insurance Records
FEMA Seeks Thousands of Insurance Records

The Federal Emergency Management Agency FEMA) is beginning its probe into the allegedly lowballed Superstorm Sandy claims by asking flood insurance companies to turn over thousands of records by the end of the week. The data request includes the name of the engineering company and…
Climate change calls for non-profit insurance
Climate change calls for non-profit insurance

In This Changes Everything, author Naomi Klein raises the question of how capitalist societies will “adapt” to the people made homeless and jobless by increasingly intense and frequent natural disasters. One of the issues she focuses on is the reaction of insurance companies, pointing out…
Best Insurance Moves for March
Best Insurance Moves for March

Spring is just around the bend, but that doesn’t mean you’re finished with rough weather. In fact, depending on where you live, snowmelt can create a new hazard — one that’s not covered by standard homeowners insurance. That makes March an ideal time to look…
The 8 insurance coverages that are triggered by a catastrophic fire
The 8 insurance coverages that are triggered by a catastrophic fire

Although a little more than a month has gone by since the Avalon at Edgewater N.J.) fire on Jan. 21, insurance claims and lawsuits are likely to linger, long after the ashes have been swept away. This kind of catastrophe usually involves several insurance carriers,…
The Storm after the Storm
The Storm after the Storm

The following is a script from “The Storm after the Storm” which aired on March 1, 2015. Sharyn Alfonsi is the correspondent. Oriana Zill de Granados and Michael Rey, producers.When Hurricane Sandy made its way towards the East Coast in the fall of 2012, residents…
FEMA Sued Over Records Related To Superstorm Sandy Victims And Other Flood Insurance Claims
FEMA Sued Over Records Related To Superstorm Sandy Victims And Other Flood Insurance Claims

The Federal Emergency Management Agency is facing a new lawsuit filed by a nonprofit organization that wants a look at FEMA’s inner workings, especially the way its officials decide the fate of insurance appeals made by flood victims. United Policyholders, a San Francisco-based group that…
TOTALly worth the effort
TOTALly worth the effort

If your car is damaged in an accident to the point where repairs would cost more than the car is worth – it’s a “total loss.” Your, or the other driver’s insurance company, is supposed to offer you the actual cash value of your car.…
Nonprofit sues FEMA for records on disputed Sandy settlements
Nonprofit sues FEMA for records on disputed Sandy settlements

A nonprofit organization that helps disaster victims file insurance claims has sued the Federal Emergency Management Agency, saying it ignored requests for documents related to disputed settlements from superstorm Sandy. United Policy Holders filed the federal lawsuit on Wednesday, accusing FEMA of violating the Freedom…
Good news for insured losses: 2014 was a relatively quiet year
Good news for insured losses: 2014 was a relatively quiet year

Guy Carpenter & Company, LLC, a global risk and reinsurance specialist, today released its annual Global Catastrophe Review, which reports that insured losses in 2014 were at the lowest level seen since 2009. According to the report, significant insured losses in 2014 totaled approximately $33…
The policyholder’s view on the Restatement of Liability Insurance
The policyholder’s view on the Restatement of Liability Insurance

With spring just around the corner, things at the American Law Institute (“ALI”) are heating up. The ALI is a Philadelphia-based group of law professors and lawyers that draft consensus treatises called “Restatements” on various areas of law. These treatises are oft-cited and taught in law schools…
Letter to American Law Institute regarding allocation rules in the draft Restatement (formerely Principles) of the Law of Liability Insurance
Letter to American Law Institute regarding allocation rules in the draft Restatement (formerely Principles) of the Law of Liability Insurance

“The default rule [in allocation cases] should be “all sums” or joint and several liability, and that the burden for contribution and subrogation should be on the insurer, not the policyholder. Without a doubt, the law should encourage the timely availability of insurance funds to…
Freedom of Information Act Request to DHS FEMA – WYOs and IAs
Freedom of Information Act Request to DHS FEMA – WYOs and IAs

On February 23, 2015, UP submitted a third Freedom of Information Act request to FEMA for information on the National Flood Insurenace Program. In this request, UP sough information on the contracts between Write-Your-Own insurers and Independent Adjusters in order to determine how payments and…
Long-Term Care Insurance: Costs Are Up but Vary Widely
Long-Term Care Insurance: Costs Are Up but Vary Widely

By ANN CARRNSRates for long-term care insurance, which can help pay for care in your own house or in a nursing home, rose this year an average of nearly 9 percent, a new industry report finds.Still, rates vary greatly depending on the insurer and the…
Lawyers, FEMA in talks to settle Sandy insurance appeals
Lawyers, FEMA in talks to settle Sandy insurance appeals

By JOE RYAN joe.ryan@newsday.com After months of deadlock, lawyers for hundreds of homeowners suing over flood insurance claims from superstorm Sandy said they made significant progress in talks Tuesday with federal officials to design a broad framework to settle the cases.The attorneys spent more than…