An emergency rule has been issued in Florida capping public insurance adjuster’s fees at 10 percent of claim payment and giving consumers up to 14 days to rescind a contract with a public adjuster without penalty. The new requirement was …
Fitch Ratings today said Hurricane Wilma represents a major blow to an already weak Florida property insurance market. If actual insured losses come in at the high end of the estimated range ($4 billion to $10 billion), Wilma will represent …
An amendment defunding Premium Reduction Plans (PRPs) was included in an agriculture bill today, an effort the Independent Insurance Agents & Brokers of America (the Big “I”) sought out because of various issues the association says it believed were contrary …
Insurance adjusters are converging on Orlando this morning to regroup and then after short meetings, be assigned to Florida’s southwest and southeast coasts, where they begin to access the damage caused by Hurricane Wilma’s march across the state. Several adjusters …
Bermuda’s PartnerRe Ltd. has given the first estimations of its expected claims relating to Hurricane Wilma, following the hurricane’s passage through Mexico and south Florida over the last week. The estimates are based solely on industry overall insured losses, not …
Specialty Risk Services LLC, a third-party property-casualty third administrator for workers’ compensation and general liability claims, has appointed Timothy Barry to director of Special Investigative Unit and Fraud Management. Insurance fraud is estimated to be an $80 billion business that …
With more than 90 percent of Grid 1 inspected by insurance company adjusters, Louisiana Commissioner of Insurance Robert Wooley has given the go-ahead for the coordinated adjusting of Grid 2 in St. Bernard and Plaquemines Parishes to officially begin, the …
Three suspects have been arrested following an 11-month investigation by the California Department of Insurance of an auto insurance fraud ring that targeted car rental and insurance companies for fraudulent automobile damage claims. On Oct. 6, 2005, a 75-count complaint …
Nationwide claims representatives and humanitarian relief teams stood by on Tuesday in the Lowe’s parking lot on 6415 Naples Blvd. in Naples, Fla. to provide aid to Hurricane Wilma victims. Nationwide teams brought truckloads of supplies of use to the …
A number of Mid-Atlantic states are forming what they are calling the All Hazards Consortium to increase preparedness by enabling emergency management participants to share strategies and integrate planning. The AHC, a not-for-profit organization, emerged from last year’s All Hazards …