Month: February 2009

FEMA Issues 2nd Flood Proof Of Loss Extension For Hurricanes Ike & Gustav | Property Insurance Coverage Law Blog

Federal Code and Regulations typically require that Proofs of Loss for National Flood Insurance claims be filed within 60 days following the loss. They have to be done completely and on time. The only exception is a written waiver from the Administrator of the National Flood Insurance Program. On October 20, 2008, a 120-day extension …

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Surplus Lines Insurers, Sinkholes, and the Law of Mars | Property Insurance Coverage Law Blog

Surplus lines insurance companies are a different breed of insurance cat. They are not admitted carriers in the state in which they do business. Thus, most states have consumer protection laws specifically regarding how surplus lines insurance carriers can do business. Surplus lines carriers are very important to the insurance marketplace. They will often insure …

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State Farm Has Agents Spread Propaganda and Bullies North Carolina | Property Insurance Coverage Law Blog

State Farm’s announcement to leave the Florida property insurance market has plenty of media attention. It is obvious that State Farm’s view of its actions is far different than that of its customers. The views are extremely varied. One guest columnist categorized State Farm’s actions as a “divorce.” She wrote that Charlie Crist is acting like …

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Insurance Company Experts Are Often Biased And Outcome Oriented | Property Insurance Coverage Law Blog

Our firm has friends in the insurance industry and other sources of information who have privately provided evidence of wrongdoing by insurance companies. On more than one occasion, documents evidencing wrongful insurance claims conduct have appeared on my front door or in unmarked mail with anonymous notes asking that the information be disseminated. Sometimes, the …

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State Farm’s, Allstate’s and Nationwide’s Concerted Agenda To Stop Competition And Insure Profits | Property Insurance Coverage Law Blog

Free enterprise is great until your competitors beat you. Dominant competitors may find it advantageous to combine interests to prevent new players from entering markets, destroying profit margins, and taking market share. It is amazing that there has not been more investigation and calls for transparency into the major personal lines insurance companies’ discussions and …

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Risk Managers, Property Managers and Condominiums Should Consider Wind Deductible And Vacant Property Coverage | Property Insurance Coverage Law Blog

The monthly Florida Underwriter is an excellent publication that I read to stay informed about many current issues facing the Florida insurance market. It is also very good at noting significant legal and political issues which impact insurance. Even the advertisements sometime reflect trends of insurance coverage that are significant to our clients. Two coverage issues …

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Florida State Farm Agents and Employees | Property Insurance Coverage Law Blog

I wonder how State Farm’s agents and employees really feel about the officers and managers in Bloomington, Illinois. My bet is not much different than the remaining State Farm policyholders–although State Farm agents and employees are probably not going to say much about it until they get a better job. While I have my differences …

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