June 12, 2020
SAN FRANCISCO—On Thursday, June 4, as a result of the COVID-19 pandemic, there has been an increase in insurance claims filed by businesses in the Bay Area, but some insurance companies have been denying the payouts.   “Almost all business ranging from small to medium to large are all getting their claims denied right now regarding COVID business-loss,” said Amy Bach, executive...
As posted at: San Francisco News

June 12, 2020
Law360 (June 9, 2020, 7:00 PM EDT) -- Insurers and policyholders have weighed in on two petitions to centralize disputes over businesses' coronavirus-related losses in multidistrict litigation, with supporters touting the efficiency of consolidation and opponents arguing that differences in companies' policies and claims make an MDL inappropriate.   From early May through last Friday,...
As posted at: Law360

June 9, 2020
California Insurance Commissioner, Ricardo Lara, alongside the California Department of Insurance and a host of other organisations, have stressed that a new wildfire bill set to be voted on this week would harm policyholders in the region with higher rates. Assembly Bill 2167 is scheduled to be voted on by the California State Assembly this week. Described by Commissioner Lara as “an insurance...
As posted at: Reinsurance News

June 9, 2020
SAN FRANCISCO (KGO) -- Businesses across the nation have been devastated by the COVID-19 shutdown. Now, many are suffering the added losses of vandalism and looting. But an odd twist to the dual crises: insurance.   Businesses were outraged to find their insurance refused to cover any of their massive losses due to the pandemic. Now that many have also been looted and vandalized, will...
As posted at: ABC7

June 4, 2020
Streets filled with damaged cars are a common sight in the wake of civil unrest and even peaceful mass gatherings. Whether intentionally inflicted or incidental, both parked cars and those driven by passers-by can sustain scratches, broken mirrors, smashed windows, or get covered in paint or graffiti. So, what if it happens to your vehicle?   According to the industry-backed Insurance...
As posted at: Fox News

June 4, 2020
SAN JOSE, Calif. (KGO) -- We've seen the videos of cars on fire, and windows smashed. One of the earliest was on the freeway in San Jose last Friday. A couple of drivers, caught behind a blockade, drove away with broken windows. So is anyone going to help them pay for it?   Amy Bach of United Policyholders says your auto insurance will likely pay for severe damage if you have...
As posted at: ABC7

May 20, 2020
If you own a car, you don’t have a choice about buying certain auto insurance coverage types. Depending on your state, you’ll be buying some combination of liability auto insurance, uninsured motorist coverage and/or PIP insurance.   Collision insurance pays for damage to your car after an accident with an object: a pole, guard rail, or tree, for example.   Comprehensive...
As posted at: Forbes

May 15, 2020
Bundling is a common way to save money on most types of insurance policies, including renters insurance. When it comes time to renew your renters insurance policy or shop for a new one, it’s worth finding out if you can save money by bundling your renters and auto insurance policies together. Here’s a primer on insurance bundling, so you fully understand how it works, along with the steps of how...
As posted at: U.S. News 360 Reviews

May 11, 2020
While the rest of the state is sheltering at home, lobbyists for the insurance industry are busy promoting legislation, scheduled for a hearing tomorrow, that would allow them to boost insurance rates on homeowners and renters. The bill would derail voter-approved protections against insurance price-gouging and fails to address insurers’ growing refusal to sell insurance in wildfire areas....
As posted at: YubaNet

May 4, 2020
In a shot over the bow and precursor of a long, upcoming legal battle, the California insurance commissioner on April 14 issued an order requiring carriers to investigate claims filed by businesses seeking relief for losses incurred from government shutdowns as the result of the COVID-19 virus.   Commissioner Ricardo Lara’s order mandates the insurer “communicate the denial in writing...