Scott Seaman | Insights for Insurers Traditionally, general liability insurance contracts were “occurrence-based” contracts. Claims-made insurance contracts have been available for many years, most notably in the context of professional liability insurance. Beginning in the mid-1980s, claims-made contracts were introduced into the general liability insurance market in response to court rulings on the trigger of… Continue reading Washington Supreme Court Strikes Down A “Claims-Made” Policy Issued To A Contractor On Public Policy Grounds
Category: Insurance Claims
It’s Time for Property Insurance Carriers to Re-Adjust in Louisiana
Taylo Brett | Adams and Reese After Louisiana citizens endured two consecutive prolific hurricane seasons in 2020 and 2021, state lawmakers made the adjustment of property insurance claims a top priority during this year’s Regular Legislative Session. On August 1, 2022, two new bills concerning claims adjusters went into effect: Senate Bill 198 and Senate… Continue reading It’s Time for Property Insurance Carriers to Re-Adjust in Louisiana
Effective Claims Resolution Starts Well Before Any Loss. What These Carriers and Brokers Had to Say
Gregory DL Morris | Risk & Insurance Carriers, brokers, and claims management firms all stress clarity, communication, and collaboration as keys to successful claims resolution. All carriers and brokers encourage their insureds to read and understand their policies. Claims resolution relies on all the work after that. At best, when a claim occurs it is… Continue reading Effective Claims Resolution Starts Well Before Any Loss. What These Carriers and Brokers Had to Say
Insurers, Consumer Groups Telling Different Stories About Smoke Damage Claims
Jim Sams | Claims Journal Insurers and consumer advocates are conveying conflicting messages as both try to focus public attention on smoke damage claims. Mercury Insurance issued a press release Friday warning that an unidentified California public adjuster has been duping homeowners into submitting fraudulent smoke and ash damage claims by promising to recover “thousands of dollars.”… Continue reading Insurers, Consumer Groups Telling Different Stories About Smoke Damage Claims
Managing Construction Claims Risk In The Age Of Gen Z And The Great Resignation
Tim Soefje | Freeman Mathis & Gary Construction and design professional firms that ignore how to effectively manage their workforce during this Great Resignation and post-Covid remote-work era will likely experience a significant increase in professional liability and construction defect claims. In late 2021, the nation’s “quit rate” reached a 20-year high and hasn’t really… Continue reading Managing Construction Claims Risk In The Age Of Gen Z And The Great Resignation