Steve Badger published a proposed “Statutory Appraisal Process.” He noted on LinkedIn the following, in part:
My post last week about a proposed ‘Statutory Appraisal Process’ created a lot of discussion. Some supported the idea. Others hated it (for various predictable
How many policyholders, public adjusters, and appraisers become concerned when the judge picks an umpire who does not seem to have much experience with property insurance or the appraisal process? One reason I suggest that “all parties involved in an
How do judges appoint an umpire in an appraisal? Most appraisal clauses say words to this effect:
If the appraisers do not agree on the selection of an umpire within 15 days, they must request selection of an umpire by
Some states seem to be indicating that public adjusters act as fiduciaries for their policyholder clients. For example, Kentucky states that all adjusters “shall act in a fiduciary capacity on behalf of his or her principal.”1 Florida case law refers
Colorado Division of Insurance (DORA) Commissioner Michael Conway has issued a new request to homeowners insurance companies to extend Additional Living Expenses (ALE) benefits for those affected by the Marshall Fire on December 30, 2021. This request for further extensions
A condominium made a claim arguing that unstable excavation material, which became heavy enough due to spring runoff, fell down a mountainside, causing damage to the condominium.1 The condominium made the following factual argument for coverage:
Property insurance adjusters sometimes ask me whether a loss comes within the “specified perils” coverage of the policy. What does “specified perils” mean? When one goes to the International Risk Management Institute (IRMI) website, under “insurance definitions,” the term “specified perils
Dear Residents of Tree Oasis,
I hope this blog post finds you in good humor, as it is with great delight that I address a matter of utmost importance to Florida residents and others residing amongst the seemingly innocent vertical
When an insured incurs expenses to prevent a potential loss, a situation arises that raises equitable and traditional insurance principles versus language not found in non-marine property insurance policies. This scenario, where the insured takes proactive steps to avert a
As we gather around our tables this Thanksgiving, adorned with the traditional spread of turkey, stuffing, and pumpkin pie, it’s a time to reflect on what we are truly grateful for. For many of us, this includes the roof over