Insurance policies have contained contractual appraisal clauses for many years. Recently, however, there have been a number of disputes over when appraisal can be invoked and when it can be rightfully rejected. Appraisal is appropriate when there is a “dispute” over the amount of loss. The problem faced by many courts has been when this “dispute” actually comes into existence.Continue Reading Appraisal: When Can It Be Invoked
October 2013
Florida’s State Run Insurer Spending Millions a Month to Avoid Paying Claims
By Corey Harris on
Posted in Citizens Property Insurance Corporation
State backed Citizens Insurance Corporation has gained national attention over the past years, although the bad seems to outweigh the good in most instances. Citizens was known as one of the most aggressive carriers after the 04-05 hurricanes, constantly refusing to honor the appraisal provision in its policy and forcing policyholders to file suit to recover amounts they were owed. Even then it often drug policyholders through lengthy appeals when a judge or jury found in their favor.Continue Reading Florida’s State Run Insurer Spending Millions a Month to Avoid Paying Claims