Severe weather aids fraudsters

Restoring property after a natural catastrophe is stressful and can be compounded by contractors and lawyers who abuse the legal system.

By Chris Hackett, CPCU | June 08, 2017 at 01:30 AM

There were more severe weather events that exceeded $1 billion in damages from January to March of 2017 than any year since the National Oceanic and Atmospheric Administration (NOAA) started collecting this data in 1980.

These weather-related losses are putting pressure on insurance rates across the country. The impact of the losses is an increase in the exploitation of bad faith statutes, lawsuit abuse and contractor fraud.

Bad faith and lawsuit abuse battles

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