August 28, 2019

The problem:

Generally speaking, insurance companies want to sell insurance. But they also want to be profitable.  Sometimes they will stop selling insurance in a region or to a group of customers they deem too risky.  They do this as a business strategy to improve profitability.  This pattern has happened many times before after large disasters: Insurers pull out, competition and options shrink...

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August 28, 2019

 

In early August, 2019 at a national meeting of insurance regulators and stakeholders from across the country, United Policyholders helped set the stage for the important conversation that needs to be happening about the increasingly large gap between disaster recovery  costs and the amount of those costs that insurance policies are covering.   

We know that two thirds of wildfire victims are coming up short on insurance funds to pay for replacing their destroyed assets.  

We know that insurers have raised deductibles for catastrophic...

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July 17, 2019

Certified Financial Planner and former UP Board member Larry Ginsburg enjoying life

 

As with all types of insurance, you have choices to make when shopping for life insurance. If you’re in the market for life insurance, rates are the ...

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June 5, 2019

Helping wildfire survivors form support groups by insurance company has been part of United Policyholders' menu of services since our beginning.  We've seen time and again how communicating with others who are navigating similar policy language, company rules and adjuster personalities helps people overcome claim delays and problems.

In the early months after a disaster we routinely post laminated signs at our Roadmap to Recovery workshops to help...

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May 20, 2019

As anyone who has been involved in a major construction project will tell you, construction supervision is critical.  Contractor overhead and profit is what pays for that supervision, and it is a necessary expense of any project that involves multiple trades that have to be coordinated. This expense is generally referred to as "O & P".

Yes, some insurers looking for ways to reduce claim costs apparently approached the Colorado Division of Insurance for permission to exclude those costs from their benefit calculations.  Their idea was to convince the Division to...

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