The more than 100 homeowners who lost their homes to a fire after Superstorm Sandy struck Queens, N.Y. may be denied coverage because of anti-concurrent-causation clauses in homeowners policies, a consumer group warns, although an industry representative says claims in the area are currently being settled.
The timeliness of the fire claim investigation and methods employed will ensure that all case facts have been uncovered, and that important evidence is preserved.
A combination of tough economic times and a spat of unusually cold winters are being blamed for a double-digit rise in the percentage of home fire claims, according to one major insurer.
Wildfires in the Santa Barbara region of California have claimed a total of 77 homes putting home loss value at around $38.5 million according to figures supplied by a catastrophe risk modeling firm.
The Insurance Council of Australia said on Wednesday that approximately 60 percent of personal and commercial claims received have been assessed by insurers as adjusters are able to gain access to
Meanwhile another rating group said that property-casualty insurers should be unaffected even if the insured loss from the fires is $1.6 billion. Modeling firms have estimated the loss will range betw
With insurers' claim counts from the California wildfires mounting ever higher, a reinsurance expert suggested that carriers should have an easier time collecting on their reinsurance coverage than th
ACIC: Calif. Fire Claims Complaints Not So BadBy Michael HaNU Online News Service, Oct. 27, 9:58 a.m. EDT?Twenty-two percent of California homeowners who filed "total-loss" ...