It may be an effort for a public official to get his name in the news with no discernible change to the situation except grandstanding. Seems to be the new trend among electeds.
Not to deminish the amount of physical damage to those policyholders affected, it is well known in the South, where tornadoes are more prevalent, the numbers of units involved are usually concentrated and fewer in total numbers.
Accordingly, the “needs” for the numbers of claims adjusters are based on severity of damage to each unit, i.e., maybe one adjuster to handle a total of 5 total loss(demolished) homes; one adjuster to handle 20 to 30 heavily damaged and unlivable homes; and one aduster to handle 30 to 50 liveable, but leaking homes, and one adjuster to handle each 50 of the remaining minor damaged residences. Commercial losses usually require a different, but similar, allocation of claims per adjuster.
It seems to me that the Governor of N.H. has unrealistic expectations of how many adjusters will be assigned to that area, from an economic standpoint. I doubt if any of the smaller insurors who depend on the highest quality, independent claims adjusters will have any success at getting an indy to come there from even close neighboring states to handle 5 or 10 claims due to the indy adjuster’s thousands of dollars “expense” to get set up for two weeks work before getting paid and barely breaking even.
When politics gets in the way of private contractural obligations between Insurors and Insureds, the politicians will then see a serious deficiency in insurance premiums projected to cover these loss and claims expenses.
The governor just needs to open his eyes as to why Additional Living Expense coverage is provided in the first place.
It may be an effort for a public official to get his name in the news with no discernible change to the situation except grandstanding. Seems to be the new trend among electeds.
YOUR REPORT IS OFF.THERE ARE MORE THAN 6
HOMES DEMOLISHED.
Not to deminish the amount of physical damage to those policyholders affected, it is well known in the South, where tornadoes are more prevalent, the numbers of units involved are usually concentrated and fewer in total numbers.
Accordingly, the “needs” for the numbers of claims adjusters are based on severity of damage to each unit, i.e., maybe one adjuster to handle a total of 5 total loss(demolished) homes; one adjuster to handle 20 to 30 heavily damaged and unlivable homes; and one aduster to handle 30 to 50 liveable, but leaking homes, and one adjuster to handle each 50 of the remaining minor damaged residences. Commercial losses usually require a different, but similar, allocation of claims per adjuster.
It seems to me that the Governor of N.H. has unrealistic expectations of how many adjusters will be assigned to that area, from an economic standpoint. I doubt if any of the smaller insurors who depend on the highest quality, independent claims adjusters will have any success at getting an indy to come there from even close neighboring states to handle 5 or 10 claims due to the indy adjuster’s thousands of dollars “expense” to get set up for two weeks work before getting paid and barely breaking even.
When politics gets in the way of private contractural obligations between Insurors and Insureds, the politicians will then see a serious deficiency in insurance premiums projected to cover these loss and claims expenses.
The governor just needs to open his eyes as to why Additional Living Expense coverage is provided in the first place.
Oops. Previous comment meant to be directed at the N.H. Insurance Commissioner in lieu of the Governor.