"The UP Roadmap to Recovery Program raised awareness and educated Sandy-affected families on the importance of properly documenting losses and negotiating home and flood insurance settlements."
UP in the News
June 23, 2010
Briefing Begins in Fairbanks
Can a consumer sue an insurance company under the Consumer Legal Remedies Act? The court of appeals says no, but the California Supreme Court will deliver the final word. The plaintiffs have filed their opening brief, and amicus briefs will be filed, likely on both sides, within the next few months.
The Supreme Court agreed to hear Fairbanks v. Superior Ct....
As posted at:
June 23, 2010
State Insurance Commissioner Steve Poizner will announce details
today in Oakland of a $10 million settlement involving the sale of
improper annuities to California seniors. by Minnesota-based Allianz
Life Insurance Company of North America.
Under the terms of the settlement, Allianz will enact more
consumer protections to ensure that seniors who buy annuities from them
starting in March are...
As posted at:
June 23, 2010
If the worst happens, you can't be sure you'll collect enough to bring back the home you love. Here's what to do.
(Money Magazine) -- If last fall's devastating California wildfires weren't enough of a wake-up call, consider this: Nearly 60% of homes nationwide don't carry enough insurance coverage to be fully rebuilt. On average those homes are underinsured by 21%. To give yourself a...
June 23, 2010
Homeowners battle insurance companies over loss claims
After the devastation of the California wildfires last October and record damage from hurricane Katrina, you’d think the homeowners insurance industry would be struggling. But you’d be wrong.
Insurance companies are reeling in record profits — making more money than at any time in their history. Insurers say they’re just having a few...
As posted at: MSNBC
June 22, 2010
A hard-charging former prosecutor tries to set Wall Street right from his perch as a state official. His activist agenda brings populist praise, but also concerns he might overreach.
Eliot Spitzer as New York attorney general in 2002, right?
No, this time it's state Insurance Superintendent Eric Dinallo, a top aide who helped Spitzer take on Wall Street years ago. Now that Spitzer is...
June 22, 2010
The California Department of Insurance is extending a helping hand to residents affected by the San Diego fires. The agency, along with Consumer advocacy groups, United Policyholders and RB United, will hold sessions to help affected residents collect their claims. Reporter, David Nogueras has more.
Today through Saturday, insurance professionals will meet with policy holders in face-to-face...
As posted at:
June 22, 2010
March 14 (Bloomberg) – The collapse of the subprime mortgage market will lead to record losses for insurance companies, overtaking Hurricane Katrina, the worst natural disaster in U.S. history.
The amount of asset writedowns and credit losses reported by the industry has reached at least $38 billion, just short of the $41.1 billion in claims from Katrina, which killed more than 1,500 people...
As posted at: http://www.bloomberg.com/apps/news
June 22, 2010
Beatrice E. Garcia
At first glance, Allstate's release of documents it has zealously guarded for more than a decade as ''trade secrets'' could be seen as an orchestrated move to keep Florida regulators at bay and let the company keep writing new policies.
Earlier this month, Allstate posted on its website 150,000 pages of documents — mostly PowerPoint presentations and company reports prepared...
As posted at:
June 22, 2010
Even though it's been six months since wildfires ravaged more than 1,600 homes in the San Diego area, only a handful have begun to rebuild. That's because for many wildfire survivors, dealing with their insurance companies was like a second disaster. Reporter David Nogueras has more.
Jeanette Stratton returned to her San Pasqual neighborhood six months ago to find her three bedroom, two story...
As posted at:
June 22, 2010
The Supreme Court struggled last week with how much weight to give an
insurance company's potential conflict of interest when it denies an
employee's health or disability benefits claim.
The lawyer representing the Ohio woman who sued MetLife Inc. over a
disability claim argued that insurance companies have a financial
incentive to deny claims. That conflict of interest should weigh heavily
in...