The Week in a Minute, 2/28/18

The III’s Michael Barry briefs our membership every week on key insurance related stories. Here are some highlights. 

Kentucky (three deaths), Michigan (one), and Arkansas (one) were the site of five fatalities on Sunday, February 25, due to strong winds and flooding.

Authorities are urging residents to evacuate parts of Santa Barbara County ahead of a winter storm expected to hit the area on Thursday, March 1.

U.S. consumers gave their home insurer on average a score of 860, on a 1,000-point scale, according to 6,572 property claimants J.D. Power surveyed between January and November 2017.

 

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The Week in a Minute, 2/28/18 was originally posted by ClaimsMate.com Insurance Information Resources

Tackling the U.S. flood insurance challenge

Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed. Nearly all the risk is borne by one participant
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Having a problem with an insurance storm claim? Click Here To Learn More

Tackling the U.S. flood insurance challenge was originally posted by ClaimsMate.com Insurance Information Resources

A monumental disaster

If insurers stopped taking statements — and written, signed ones are better than recorded — they will spend more defending lawsuits than they would settling owed claims.
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Having a problem with an insurance storm claim? ClaimsMate.com/

A monumental disaster was originally posted by ClaimsMate.com Insurance Information Resources

A monumental disaster

If insurers stopped taking statements — and written, signed ones are better than recorded — they will spend more defending lawsuits than they would settling owed claims.
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Having a problem with an insurance storm claim? Read More About How ClaimsMate Can Help

A monumental disaster was originally posted by ClaimsMate.com Insurance Information Resources

Who pays when tenant improvements are damaged?

Whether residential or commercial, a tenants' insurance policy does not offer the same coverage as a homeowners' insurance policy.
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Having a problem with an insurance damage claim? Continue Here

Who pays when tenant improvements are damaged? was originally posted by ClaimsMate.com Insurance Information Resources

The hidden risks of foodborne illness claims

Claims pertaining to food-related issues are often overlooked until it’s too late. Here is an in-depth view of foodborne illness claims and how to protect against potential gaps in coverage.
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Having a problem with a fire claim? ClaimsMate.com/

The hidden risks of foodborne illness claims was originally posted by ClaimsMate.com Insurance Information Resources

River flooding in Southern and Central U.S.

A deadly storm system pummeled the southern and central U.S. this weekend leaving many areas flooded. The weather system extended from the Canadian Maritime provinces to Texas, and brought gale force winds and widespread flooding from the northern Midwest through Appalachia.

Flooding will continue to be a threat this week, the Weather Channel reports, as more than 200 river gauges reported levels above flood stage from the Great Lakes to eastern Texas. Floodwaters on the Ohio River in Louisville and Cincinnati are at their highest level in about 20 years.

Flood damage is excluded under standard homeowners and renters insurance policies. However, flood coverage is available in the form of a separate policy both from the National Flood...

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Having a problem with an insurance storm claim? Learn How ClaimsMate Can Help

River flooding in Southern and Central U.S. was originally posted by ClaimsMate.com Insurance Information Resources