Zesty.ai, a California insurtech start-up, is hoping to fine-tune fire-risk scores that sometimes can make it challenging for homeowners to find coverage. Marketing Director Nick Allain said the company wants to help insurers who might otherwise overlook fire-resistant structures that …
Nick Pacifico has been working at his family’s Cadillac dealership in Denver since 2003. He’s never seen insurance costs this bad. “Getting coverage is nearly impossible,” said Pacifico, vice president at Rickenbaugh Automotive Group. Two years ago he paid about …
A claims adjuster’s comments about “homeys” and “you people” when talking to a South Chicago property owner were enough to merit further proceedings on a discrimination claim against State Farm Fire & Casualty Co. However, several counts that alleged a …
While the insurance industry has been ringing alarm bells about inflated claims pushed by overzealous public adjusters, an organization pushing to make independent claim adjusters more professional is winning support from both Republicans and Democrats in statehouses across the nation. …
An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act, a split Texas Supreme Court …
Hailstones the size of golf balls accompanied by as much as four inches of rain pelted the U.S. Gulf coast from Texas to Louisiana, flooding highways, downing power lines and closing some schools, officials said. About 150,000 homes and businesses …
Residents of Fountain and Colorado Springs spent the past week cleaning up and meeting with insurance adjusters after an unusual early morning June 13th storm pounded vehicles and roofs, causing widespread damage that pelted the area with golf and baseball-sized …
Baseball-sized hailstones smashed windshields, skylights and windows as thunderstorms swept through the Dallas-Fort Worth area of Texas, causing millions of damage. The National Weather Service Office in Fort Worth said the storm developed rapidly over Denton and northwest Collin County …
Climate change and the resulting weather-related events have increased costs in the property insurance industry. Whether climate change is caused by human activity or is the result of an evolving planet is debatable to some, but the increasing severity of …
With an average of 3,000 hailstorms annually in the United States, it’s no surprise that in 2017, State Farm paid more than $3 billion in hail claims to homeowners in the U.S. Hailstorms often occur with thunderstorms, tornadoes, and other …