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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April 4, 2019
Commission on Catastrophic Wildfire Cost and Recovery Meeting — April 3, 2019


Insurance remains a critically important source of disaster recovery financing for individuals, businesses and government, but insurers must do a better job at insuring homes to value and paying benefits in a timely manner, UP Co-Founder and Executive Director Amy Bach told a high level California Commission yesterday in Santa Rosa, CA.  Further, a recent attempt by at least one insurer to change their policies to limit payouts for wildfires and wildfire smoke and ash are illegal and must be nipped in the bud, Bach informed the Commission, providing them with...

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March 25, 2019


If a home or business owner in the United States can't find property insurance in the private market, they can buy it through a variety of hybrid public/private arrangements, often referred to as "pools" or "Residual Market Mechanisms" (insurance lingo for programs that cover risks private market insurers don't want).  These arrangements are federal and state government sponsored "last resort" programs through which an individual or business can buy insurance for fires, terrorist attacks, earthquakes, hurricanes, flooding, and other risks. 

These programs are...

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March 5, 2019

UP weighed in today with a letter to Florida state lawmakers to urge their no votes on three bills that will gut policyholder protections in that state if enacted as written.  House Bill 301, Senate Bill 714House Bill 751.

Honorable Florida lawmakers:

Our non-profit organization speaks on behalf of the millions of Florida home and...

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February 12, 2019


Some leaders in the financial services community work hard to weaken consumer protection regulations and the agencies that enforce them.  But it clear from recent history (2008) that the American economy works much better when financial consumer protections are in place and being enforced.

UP is among 80 organizations that co-signed a letter strongly opposing a proposal to seriously weaken the Consumer Financial Protection Bureau's...

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