Month: June 2017

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Insuring to Value: Replacement Cost vs Reconstruction Cost | Property Insurance Coverage Law Blog

A recent post, Insurance Agents and Determining Coverage Limits for Buildings, generated a number of very interesting comments about the differences between Replacement Cost Value of a building and the Reconstruction Value of a building. There is a difference between the two values and it is a big issue. A.W. Hooker posted an article soliciting it …

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How Do You Define “Best Interest”? • SRC Insurance Agency Blog

Podcast: Play in new window | Download Well, the day of reckoning has come and gone. The new Department of Labor’s new Fiduciary Rule is largely in effect across the financial services industry. Discussion over the rule and its implications have been debated over the last couple of years with a fair degree of intensity. …

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How Virtual Reality Will Shape Employment • Employment Hero

How Virtual Reality Will Shape Employment • SRC Insurance Agency Blog

Is AR/VR really the future of employment? In a very short space of time, augmented and virtual reality have transitioned from being considered merely as consumer gaming technologies to having a major role to play in the workplace and the future of employment. It’s true most people are still likely to experience their first taste …

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How Much Has McKinsey & Company Influenced National Flood Insurance Claims? | Property Insurance Coverage Law Blog

McKinsey & Company has been a major influence on insurance company claim processes over the last 25 years. We are following a Freedom on Information lawsuit brought against FEMA where McKinsey documents were requested and FEMA failed to produce them.1 Articles about otherwise secret McKinsey & Company documents depicting claims process analysis and their impact …

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New York District Court Uses Discretion, Allows Pro Se Litigant to Perfect Service | Property Insurance Coverage Law Blog

Edmund Sanderson owned a house in Plattsburgh, New York. On January 7, 2014, he discovered water and mold damage at his home. He then notified his insurance carrier, First Liberty Insurance Corporation. After several months of negotiating, Sanderson realized filing a lawsuit was the only option he had. On January 6, 2016, he filed a …

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