August 30, 2017

Once again, a storm has devastated a region and broken records. Hurricane Harvey dropped so much rain on Texas, the National Weather Service had to add new colors to its map graphics. Where will the money come from to repair the damage?

As posted at:
August 29, 2017

Seeing Hurricane Harvey’s devastation in Texas has left some people wondering if they have adequate home insurance. Unfortunately, for a lot of people, the answer is no, and that can end up costing thousands of out-of-pocket dollars if disaster strikes.

Mistake No. 1: Considering only cost, not value

As posted at:
August 25, 2017

United Policyholders Offers Texans Free Home Inventory App, Provides Guidance to Residents for Before and After the Storm

As posted at:
August 18, 2017
 
U.S. Senator Bob Menendez (D-N.J.), chair of the Sandy Task Force and a senior member of the Senate Banking Committee that oversees the National Flood Insurance Program (NFIP), and Congressman Frank Pallone, Jr. (N.J.-06), traveled today to Union Beach--a community on Raritan Bay devastated by Superstorm Sandy--to lay out proposed sweeping reforms to address the waste, abuse...
As posted at:
August 10, 2017
 
The State Supreme Court Wednesday ended a long legal battle between a Richmond homeowner and her homeowner insurance company when the court refused to consider the insurance industry's petition to overturn a lower court's precedent setting decision that insurers must pay to repair a home even if repair costs exceed the home's market value. 
 
August 10, 2017

Insured homeowners in California whose homes have been badly damaged, but not destroyed, are entitled to coverage for the cost of repairing them, even if that cost far exceeds the property’s market value, under a ruling that has now become final.

The state Supreme Court unanimously denied review Wednesday of an insurance association’s appeal from a lower-court decision favoring a...

As posted at:
August 8, 2017

Wells Fargo is in the hot seat again.

The jumbo bank, which is still recovering from a massive fake account scandal that broke less...

As posted at:
July 5, 2017
 
For decades, Louisiana law maintained that—under standard language found in most commercial general liability policies—insurers who had a duty to defend their policyholders must defend the entire lawsuit, including in long-latency cases. In other words, your defense attorney was on the case—at the insurance company’s expense—even if some of the alleged actions took place...
July 4, 2017
 
My wife and I were chatting the other night about Republican efforts to reboot the U.S. healthcare system as a horror movie — stripping health coverage from more than 20 million Americans, boosting premiums for many and gutting Medicaid.
 
She finally brought the conversation home by asking: “What happens if something happens to you?”
...
As posted at:
June 29, 2017
The Eleventh Circuit will hear arguments Thursday on whether Nationwide's mere negligence in failing to settle claims against a policyholder is sufficient to hold the insurer liable for a judgment exceeding policy limits, in a case that could have a widespread impact on insurance bad faith cases under Georgia law.
 
What's At Stake
...
As posted at: