Much of the country periodically experiences severe and sustained cold weather, with snowfalls interspersed with periods of melting and freezing. This can inflict considerable damage on homes. Here are some tips and steps you can take to make insurance losses less likely during extended severe weather.
From January 1, 2018, to October 26, 2018, there were 50,546 wildfires, compared to 52,572 wildfires in the same period in 2017, according to the National Interagency Fire Center. The Camp wildfire broke out in Butte County, California, on November 8 and became the deadliest and most destructive fire on record. Further south two other major fires, Hill and Woolsey are still burning. Learn more here. See also: California State Fact Sheet
SELF-INSURANCE- The concept of assuming a financial risk oneself, instead of paying an insurance company to take it on. Every policyholder is a self-insurer in terms of paying a deductible and co-payments. Large firms often self-insure frequent, small losses such as damage to their fleet of vehicles or minor workplace injuries. However, to protect injured employees state laws set out requirements for the assumption of workers compensation programs. Self-insurance also refers to employers who assume all or part of the responsibility for paying the health insurance claims of their employees. Firms that self insure for health claims are exempt from state insurance laws mandating the illnesses that group health insurers must cover.
FRAUD- Intentional lying or concealment by policyholders to obtain payment of an insurance claim that would otherwise not be paid, or lying or misrepresentation by the insurance company managers, employees, agents and brokers for financial gain.See Full Glossary
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com New York Press Office, Insurance Information Institute: (212) 346-5500; email@example.com NEW YORK, December 11, 2018—Florida’s assignment of benefits (AOB) crisis continues to spread statewide and has co… Read More
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com New York Press Office, Insurance Information Institute: (212) 346-5500; firstname.lastname@example.org NEW YORK, December 10, 2018—Retired Gen. Read More