Market Insights

To the detriment of consumers, claim adjusters, and the carriers themselves, it's still the wild, wild West when it comes to current practices and processes for handling contents claims.

For many in the insurance industry, the Resolution Trust Corp. (RTC) was a mere footnote in the history books.

Trial simulations, often wrongly referred to as focus groups, are the standard in predicting probabilities of a given outcome.

Comprehensive guidelines specifically intended for a non-engineering audience -- property owners, contractors, and insurance adjusters -- have been developed for the assessment and repair of earthquake damage in residential wood-frame construction.

"Problems associated with Chinese-made drywall are all over the news, and now I am reading that companies may not insure homes if the owners don't repair the drywall damage. Isn't that what insurance is for -- to take care of these type of problems?"

The number of licensed public adjusters in Florida increased from about 400 to over 2,500 as eight successive hurricanes in 2004 and 2005 hit the state and homeowners' claims abounded.