altered adjuster reports News

Heritage Insurance Profits Down for Q4 But Up 36% for 2024

Heritage Insurance Holdings Inc. (HRTG) on Tuesday reported net income of $20.3 million in its fourth quarter, a 34% drop from Q4 in 2023. The Tampa-based company said it had net income of 66 cents per share. The property and …

Bad Press, Claims Issues, Halt on New Business Giving Industry Another Black Eye?

It’s no secret that the U.S. property/casualty insurance industry does not always enjoy a sterling reputation among consumers. As one insurance professor recently put it, the industry’s rank in public opinion is somewhere between that of a personal injury lawyer …

Florida Adjusters Say No Action on Charges of Insurers Doctoring Their Reports

Five weeks after three independent adjusters told Florida lawmakers that insurance carriers have frequently doctored their damage assessment reports, the men said they’ve had no contact from state agencies about the allegations. And they’re now disputing assertions from state officials …

Independent Adjusters Charge Florida Insurers With Doctoring Damage Estimates

Do some Florida property insurance companies hire independent adjusters to inspect property claims, then routinely alter their inspection reports to reduce estimated losses? Yes, and it’s a widespread and fraudulent practice, according to three adjusters who spoke Tuesday at a …