Tag: hurricane insurance claims

Insurance news from Hurricane Sandy reveals many struggling with lack of coverage

Homeowners flood Insurance

Uninsured homeowners, renters, auto and business owners are facing massive losses. Though Hurricane Sandy left devastation along the eastern coast of the United States, those who are making insurance news with the most acute financial struggles are the people who did not have coverage for what was lost. Those with policies may have deductibles to face and a long road of recovery ahead, but they’re the lucky ones. When the insurance news involves individuals who have a policy, it is tragic that their home was damaged or that possessions were…

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Homeowners insurance claims could take several weeks to process

Auto Insurance complaints

Adjusters are backed up from thousands of claims from the superstorm. Because of the destruction all along the Atlantic coast of the country, customers with homeowners insurance claims should expect quite a delay before adjusters will be able to make it to their homes to move the process forward. This is especially true among policyholders who have not experienced damage leaving the home unlivable. This is leaving many homeowners insurance customers unable to proceed with the repairs of their homes. Many hesitate to take any action before the adjuster can…

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Homeowners insurance companies are already responding to Hurricane Sandy claims

H. Cutner
New York power outage from Hurricane Sandy- Homeowners Insurance fraud Coverage

Insurers are deciding whether or not to dispatch mobile claims units. Following the superstorm, homeowners insurance companies are already working to respond to the claims that have already started pouring in, including the decision as to whether or not mobile claims units will be justified and required. They want to process as much as possible before others return to their homes to see the damage. There are still some customers who live in regions where they are not yet able to go back to their homes in order to see…

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Louisiana’s Citizens Insurance group files emergency application seeking the aid of the U.S. Supreme Court

Marc

Louisiana’s Citizens Property Insurance Corporation, a state-run insurance group that accounts for the majority of the state’s insurance policies, has filed an emergency application for stay to the U.S. Supreme Court. The insurer is looking to bar further seizures from a 2009 class-action case that saw more than $90 million returned to consumers. The stay application, which was filed on Monday of this week, argues that the Louisiana Supreme Court violated the insurer’s right of due process by prohibiting the organization from mounting an appropriate defense during the litigation. The…

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