"United Policyholder's contribution to the event helped hundreds of families, children, parents, pet owners, and individual community members take action to make themselves and their families more ready for emergencies."
So many home foundations are crumbling in the state of Connecticut that the legislature passed a special law sealing their records, in part to protect their ongoing efforts to secure insurance coverage to help cover repairs and prevent collapse, damage and injuries. The widespread problem has gotten extensive media attention and the state's highest Court will hear arguments today (Dec. 18th, 2018) in three related cases against various insurers that have rejected property owner claims to cover repairs.
UP weighed in one of the cases, and the issue has been covered...Read More
Disasters strain insurer's claim-paying capacity in situations where they have alot of customers in the impacted region that all make claims at the same time.
The vast majority of insurers have enough money on hand to pay their claims after disasters, thanks to regulations that require them to maintain adequate funds in reserve to meet their obligations. But a large catastrophic event can cause some insurers to run out of money. In insurance lingo, this is known as "insolvent". There are also regulations that protect the customers of an insurer that goes insolvent...Read More
Chip Merlin, a policyholder hero himself, alerted me that we've recently lost a champion - Cal Thur. I was introduced to Cal by the late, great Eugene Anderson many moons ago, and he was an important United Policyholders volunteer and supporter. Cal was a highly effective and dedicated policyholder attorney. He keep UP informed on developments in insurance law in Arizona and throughout the country. He wrote our amicus brief in the...Read More
Brand names matter to consumers, and that includes insurance company brands. Consumers seek out company names they recognize and associate with reliability, especially when insuring a home, which for most people is their biggest asset. As a brand name, Lloyd's of London is generally very well known and trusted. So thought an elderly couple that invested their premium dollars with that brand.
But after their home and possessions were destroyed by a volcanic explosion, this couple had to deal with an array of claim handlers, none of whom actually works for Lloyd's of...Read More
On Tuesday October 30th, 2018 UP Executive Director Amy Bach will be on the speaker panel at a joint public hearing at Napa Valley College convened by the California Senate and Insurance Committees to examine root causes and potential solutions for solving the post-wildfire underinsurance crisis. Surveys conducted by United Policyholders consistently confirm that an average of 2/3 of households that lose homes in wildfires find themselves grossly underinsured....Read More