Keys to recovering your insurance benefits after a disaster
by Andrew M. Plunkett We live in an age of disasters. Devastation to manufacturing facilities by fires, tornados, explosions, floods, hurricanes, earthquakes, tsunamis, etc., is now commonplace. So, you have sought to protect your business with an expensive insurance program. While it is hard to predict when and how a calamity will affect your business, [...]
read morePrejudgment Interest: Compensating Insureds for the Time-Value of Insurance Proceeds
PART FIVE OF A FIVE-PART SERIES by Matthew Fortin The first four posts in this five-part series discussed the issues involved in determining when interest begins to accrue on belatedly paid insurance proceeds and what adjusters can do to maximize insureds’ likelihood of recovering that interest from the insurer. This post will frame those issues [...]
read moreWhen providing finance for the sale of equipment, the mortgagee should confirm that his interest is correctly defined in the Insurance Policy
Anthony J. Bruozas Childress Duffy, Ltd. Recently, in a local newspaper, there was a story about a convenience store owner who suffered a fire that nearly destroyed the entire store. Prior to the loss, the store owner was lucky enough to convince a bank to lend him some money for operating capital. After conducting an [...]
read morePrejudgment Interest: Compensating Insureds for the Time-Value of Insurance Proceeds
PART FOUR OF A FIVE-PART SERIES by Matthew Fortin In response to efforts by insureds to be compensated for the time value of insurance proceeds wrongfully withheld, insurers have increasingly relied on the Loss Payment provision to avoid any such obligation to their insureds. The previous articles in this series have touched on what adjusters [...]
read moreManufacturers and the changing environmental landscape: Beware
The growing awareness in the United States regarding carbon emissions and their effect on the environment and weather patterns, have produced an increase in environmental litigation and some important decisions from the United States Supreme Court. Many states and environmental groups have filed lawsuits in an effort to get the judicial system to force cuts [...]
read morePrejudgment Interest: Compensating Insureds for the Time-Value of Insurance Proceeds
PART THREE OF A FIVE-PART SERIES by Matthew Fortin In addition to the insurer receiving a sworn proof of loss, or information constituting its equivalent, the Loss Payment provision of the Florida Changes Endorsement (CP 01 25 06 95) conditions the insurer’s payment obligation on the occurrence of one of the following events: (1) the [...]
read morePrejudgment Interest: Compensating Insureds for the Time-Value of Insurance Proceeds
PART TWO OF A FIVE-PART SERIES by Matthew Fortin Given that the insurer’s receipt of a sworn proof of loss prerequisite to the trigger of an insurer’s payment obligation, the question arises – what if the insurer never requests one? While in practice claims both big and small are paid every day without the insurer [...]
read morePrejudgment Interest: Compensating Insureds for the Time-Value of Insurance Proceeds
INTRODUCTION TO A FIVE-PART SERIES by Matthew Fortin This post will be the first in a five-part series detailing what an adjuster can do during the life of the claim to maximize the chances of the insured being compensated, not just for loss and damage to insured property, but for the time-value of the insured’s [...]
read more10 Things Every Condominium Owner Needs to Know
Click on the logo below to learn 10 Tips to Get a Good Property Settlement from your Insurance Company. These 10 tips are exactly that, and, of course, your own situation may require greater emphasis on some of these tips than others. Hopefully with these tips in mind, the claims process will be rewarding for [...]
read moreCore Claims Process Redesign: Part II
There are ways you can to protect yourself from not receiving an optimum claims payout due to CCPR) but they each boil down to remaining vigilant and not hesitating to get help when you need it to protect your insured interests. First and most important is to recognize that the insurance company’s adjuster is not [...]
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Learn more about our insurance recovery efforts in Queensland and Christchurch.
Shine Lawyers, with 23 offices in Australia, has engaged Childress Duffy to provide claims consulting related to the flooding in Queensland and Cyclone Yasi, which caused over AU$ 3 billion in insured damage during the 2011 Summer in Australia.