damage estimates News

Fla. Public Adjusters Can’t Act as Appraisers if Fees Exceed Statutory Cap

Public adjusters cannot double as appraisers in claims disputes if their total fees exceed the statutory cap, a Florida appeals court decided Wednesday in what may be seen as another win in property insurers’ long battle against tactics allegedly employed …

11th Circuit Affirms Jury’s Middling Verdict in All-or-Nothing Hurricane Damage Case

Juries that are asked to resolve hurricane-damage disputes often hear widely varying damage estimates from expert witnesses. A decision by a federal appellate court on Monday demonstrates that once a jury decides on a number, insurers may need more than …

Fla. Judge Slams SFR for Misrepresentations in Appraisals

SFR Services, a Florida restoration firm made famous by its volume of claims litigation and its charges that United Property & Casualty Insurance Co. had instructed desk adjusters to alter their estimates, now finds itself in some legal trouble of …

Some Fla. Insurers Stop Altering Adjuster Reports, but Claims Still Not Paid

Even before the Florida Legislature adopted the Insurer Accountability Act of 2023, requiring insurers to stop altering independent adjusters’ damage estimates without providing transparency, a number of Florida property insurers and adjuster firms stopped the practice on their own, said …

2nd Lawsuit Filed Against MMA by Former Business Partners

A company that provided hurricane-damage estimates to embattled McClenny Moseley & Associates says in a lawsuit filed Thursday that the law firm owes it nearly $10 million. Those unpaid invoices allegedly owed to Global Estimating Services come on top of …

Adjuster’s Lawsuit Accuses UPC of Altering Hurricane Damage Estimates

The practice of insurance companies revising independent adjusters’ damage reports may be as widespread in Louisiana as it is in Florida, according to adjusters and a plaintiffs’ attorney who has filed a lawsuit over it. “They changed my estimate completely. …

Independent Adjusters Charge Florida Insurers With Doctoring Damage Estimates

Do some Florida property insurance companies hire independent adjusters to inspect property claims, then routinely alter their inspection reports to reduce estimated losses? Yes, and it’s a widespread and fraudulent practice, according to three adjusters who spoke Tuesday at a …

Puerto Ricans Await Aid, Fret About Post-Hurricane Recovery

TOA BAJA, Puerto Rico (AP) — City worker Carmen Medina walked purposefully through the working-class community of Tranquility Village under a brutal sun, with clipboard, survey forms and pen in hand — part of a small army of officials trying …

Insurance Tech Firm CCC Information to Go Public Via $7B SPAC Deal

CCC Information Services said on Wednesday it was going public through a merger with blank-check firm Dragoneer Growth Opportunities Corp, in a deal that valued the data and technology provider to auto and insurance firms at about $7 billion. The …

Wisconsin Warehouse Fire Damages Estimate Between $1M to $2M

Preliminary damage estimates from this week’s warehouse fire in Madison, Wisc., are $1 million to $2 million. Windsor Buildings Systems was destroyed by fire Tuesday. Investigators say the fire apparently started in a maintenance room at Windsor, a company that …