The city of Los Angeles is delaying payment to some residents who officials say are making questionable claims stemming from a water main break that flooded homes last fall. Assistant City Attorney Joe Brajevich said claims that require more scrutiny …
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Jordan-based Middle East Insurance Company (MEICO) to ‘BBB-‘ from ‘BBB’. The outlook is stable. The rating action follows the “downgrade on March 12, …
Insurance agents with customers waiting to be covered in the federal flood insurance program should tell those customers about the program’s suspension, an insurance expert is advising. As reported by Insurance Journal, the program could be in limbo for about …
Insurance agents who write insurance coverage for subcontractors in the construction field need to be familiar with consolidated insurance programs (CIP). These type of programs are often labeled as “wrap-up” programs. There are two types of CIPs that the agent …
That fraudulent insurance claims related to a severe hailstorm that hit the city of El Paso, Texas, on Sept. 16 are on the rise comes as no surprise to Ray Niblett. Niblett, an investigator for the National Insurance Crime Bureau …
Colorado is living up to its “hail alley” reputation this summer, with last week’s third catastrophic storm of the season again topping the $100 million mark. Damage from the July 29th hailstorm is estimated at $105.8 million in insured losses …
Damage from Colorado’s hail and high winds on July 20 are adding up to an estimated $350 million in insured losses to homes and vehicles from approximately 52,400 claims, according to the Rocky Mountain Insurance Information Association. Golf ball-sized hail …
For the past eight days Mother Nature has taken Coloradans on a wild weather ride — starting June 7 with a tornado and damaging hail in Aurora and the South Metro area, then pounding Northern Colorado with golf-ball and baseball-sized …
Five tornadoes struck Colorado on Sunday, two touching down in Denver, according to the National Weather Service. Several areas also were hit by hail. As residents begin to sort through the wreckage and pick up the pieces, the Rocky Mountain …
The tornado that devastated the community of Windsor, Colo., on May 22, 2008, added up to an estimated $193.5 million dollars in insured damage from approximately 24,000 auto and homeowner claims — making it Colorado’s most expensive tornado, the Rocky …