Insurance Companies Maximize Profits To Industry By Shorting Customers
Insurance Companies Boost Their Profits by Low-Balling Consumers WASHINGTON — Unlike many other businesses, the insurance industry is bound by law to act in good faith with its customers. Because of their protective role in the lives of ordinary citizens, insurers have long operated as semi-public trusts. But since the mid-1990s, a new profit-hungry model, […]
Wall Street Journal Recommends Small Business Owners Hire a Public Adjuster To Assist With Claims
Expect Delays with Claims – Hire A Public Adjuster The WSJ recommends that small business owners hire a public adjuster to assist with claims. If you are filing a claim under your homeowner’s policy because of Hurricane Irene or another loss, brace yourself: On major claims, it could take months to get through the whole […]
Hurricane Irene and Insurers: Less Damage, Excuse to Hike Prices
Hurricane Irene and Insurers: Less Damage, Excuse to Hike Prices The Weakened Storm Allows Insurers to Raise Prices Hurricane Irene was the “Perfect Storm” for insurers, but in a very different sense of the term. The weakened storm that spared New York City from major hurricane damage gave the wealthy and rarely hit Northeast enough […]
Hurricane Irene Could Boost Insurance Pricing
Damage from Hurricane Irene could raise insurance prices NEW YORK (Reuters) – Hurricane Irene, threatening to become the first hurricane to hit the United States in three years, could be the catalyst the insurance industry has been seeking in its quest for across-the-board premium increases after years of weakness. Like speculators in the futures market […]
Winter Storm Related Loss Estimates in Texas Reaching to $100M
Loss Estimates from Winter Storm Related Weather Already Hit $51 Million in February Preliminary estimates of insured losses from recent winter storms in Texas range between $51 million and $100 million statewide according to two insurance industry trade groups. Southwestern Insurance Information Service said estimated preliminary statewide losses from winter storm related weather like high […]
