June 9, 2010

In July, when fire tore through the Northwest mansion belonging to local
activist and arts patron Peggy Cooper Cafritz, it set off what is
likely to be a long journey toward rebuilding. Facing total loss,
Cafritz hired a public insurance adjuster to estimate the dollar amount
and help prepare her homeowners insurance claim.

"It would be a truly daunting...

June 9, 2010

MSB, the leading provider of building cost data to the property
insurance industry just released its findings for current estimates of
homeowner insurance coverage across the United States MSB’s research
reveals an estimated 64 percent of U.S. homes are undervalued for the
purpose of insurance by an average of 19 percent—about the same as last
year. If that’s the...

June 9, 2010

With stories ranging from “My insurance company is just being too
good to be true” to “I’ve been with my insurance company for 21 years,
never made a claim, just lost my house, and now they’ve cancelled me,”
about 50 Jesusita and Tea fire survivors filled the Westside Community
Center to hear California Department of Insurance (CDI) officials walk
them through the...

June 9, 2010

Allstate Corp., which has been dropping wind coverage from home
insurance policies in Mobile and Baldwin counties, began in April to
sell homeowner policies through a new unit called North Light Specialty
Insurance Co.

June 9, 2010

Besides giving Allstate Corp. more control over prices, North Light
Specialty Insurance Co. could help the parent company retain its agents
and other insurance business.

Unlike an independent insurance agent, who can sell policies from a
number of different companies, Allstate employs what are called captive
agents, who generally sell only the company's own...

June 9, 2010

Will your disability insurance cover you if you become ill and unable to
work? Many advocates say probably not.

People like Melinda Carstens say they found out how difficult it can be
to try to fight an insurance company over their disability payments.

Carstens said fighting her disability is tough enough. But going up
against her insurance company is...

June 9, 2010

There's no question that Jay Thompson is disabled.  Three years, at
age 44, he developed ALS — Lou Gehrig's disease.  Now he lays
immobilized in a hospital bed.
So the question is: What happened to his disability insurance?

"We believed that it would take care of him," said his wife
Theresa.

June 9, 2010

Consumer Watchdogs Want Insurers To Rein In Surge Costs

NU Online News Service, April 22, 8:52 a.m. EDT

Consumer watchdogs are urging a closer look at insurers’
estimation of post-catastrophe material and labor price increases,
citing a study questioning demand surge figures used to set insurance
rates.

June 9, 2010

Insurance Commissioner Poizner Secures Close to $46 Million in
Additional Coverage for AIG Customers Who Suffered Losses in Sylmar
Wildfire Survivors to receive an average $100,000 to $125,000 in
Additional Coverage

June 9, 2010

SYLMAR - Oakridge resident Joanne Nadeau, who lost her mobile home in
November's Sayre Fire, can now rebuild thanks to additional money
secured by the state's Department of Insurance.

Instead of getting $165,000 from her AIG insurance policy, Nadeau will
receive nearly $300,000.

"Now I can rest and have some peace of mind," said Nadeau, 61. "... And
start...