Month: June 2007

Policyholders file RICO suit against State Farm in handling of Katrina claims | Property Insurance Coverage Law Blog

21 policyholders filed a lawsuit yesterday alleging that State Farm Mutual Automobile Insurance Co. violated the federal Racketeer Influenced Corrupt Organizations Act (RICO) by defrauding them of approximately $4 million in insurance benefits related to Hurricane Katrina claims  by producing false inspection reports.   The 101-page complaint, filed in the U.S. District Court for the Southern District of …

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Credit scores in underwriting: The redlining of the new millenia? | Property Insurance Coverage Law Blog

Throughout U.S. history insurers have routinely discriminated against minorities. Discriminatory treatment included such practices as charging minorities higher rates, offering minorities policies with inferior coverage, not returning calls for information from minority applicants or denying minorities coverage altogether. Homeowners insurance redlining is a form of this discrimination where an insurance agency or agent treats homeowners …

Credit scores in underwriting: The redlining of the new millenia? | Property Insurance Coverage Law Blog Read More »

Florida seeks help to cover catastrophe fund | Property Insurance Coverage Law Blog

According to Florida Today, Gov. Charlie Crist is quietly considering hedging Florida’s gigantic hurricane bet, and with it raising the odds homeowners will get socked with a bailout bill. A draft report shows state financial advisers are considering spending $670 million to buy $6 billion in protection for the Florida Hurricane Catastrophe Fund. The state …

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Arguments begin in State Farm case alleging anti-trust violations | Property Insurance Coverage Law Blog

Preliminary arguments in a lawsuit brought against State Farm Fire and Casualty Co. by Louisiana policyholders Gordon and Kathleen Schafer, which allege the insurer underpaid Hurricane Katrina claims by colluding with software manufacturer Xactware Solutions Inc. to keep property replacement costs artificially low, were recently heard in U.S. District Court.  The lawsuit alleges that Utah-based …

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Join Me at the Social Media Success Summit 2010 [34% Discount Until Tuesday]

I don’t promote a lot of social media training courses as there is a lot of second rate teaching going around on the topic – however there is one online training event that I participated in last year that made a real impression on me. The Social Media Success Summit – an event that is …

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