Homeowners Have Post-Loss Duties Too, Florida Appeals Court Says in HCI Win March 20, 2025 By William Rabb Florida insurers, often on the receiving end of insureds’ complaints – in the courts and in the news media –...
Progressive Settles New York Case Over Unpaid Sales Taxes on Total Loss Claims July 10, 2024 By Andrew G. Simpson At the same time it is settling a New York class action about underpaying totaled loss claims for $48 million,...
Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims July 5, 2024 By Andrew G. Simpson Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the...
Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance May 9, 2024 By William Rabb Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent...
Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes May 7, 2024 By William Rabb An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property-casualty insurance industry’s move toward...
Florida Trial Lawyer State Rep Offers Condo ACV Bill as a Solution to Costs December 12, 2023 By Insurance Journal Staff Reports A bill introduced by a Democrat and trial attorney would take a step toward something that property insurers have longed...
Viewpoint: Actual Cash Value on Roof Claims a Fairer, Simpler Way to Pay May 25, 2023 In the May 15, 2023 Insurance Journal, independent adjuster Ben Mandell shared an opinion that Florida insurance policies have “one...
Insurer Faces Class Action for Depreciating Labor in Actual Cash Value Payments February 16, 2023 By Andrew G. Simpson Two Trumbull Insurance customers who believe they were short-changed on claims payments have filed a proposed class action suit against...
RCV, ACV Policy Changes Are Coming, Texas Windstorm Insurer Says September 26, 2019 The Texas Windstorm Insurance Association is alerting agents about an important, upcoming change to the policy conditions that determine how...
New Forms, Rate Hikes Likely in 2019 Texas Homeowners Insurance Market March 15, 2019 By Stephanie K. Jones Texas independent insurance agents might want to warn their homeowner insurance customers that premium hikes and/or increases in deductibles could...