Ben Allen for Insurance Commissioner | Property Insurance Coverage Law Blog

What happened

I have spent my professional life studying insurance, litigating insurance claims, teaching insurance law, and listening to insurance executives, regulators, … The post California’s Insurance Crisis Needs Competence and Not Slogans: Why Ben Allen Should Be the Next Insurance Commissioner appeared first on Property Insurance Coverage Law Blog . Allen is offering a less theatrical but far more workable approach: stabilize the admitted market, increase competition, reduce physical risk, improve transparency, enforce claims laws, reform nonrenewal practices, and create a realistic path for hardened homes and communities to return from the FAIR Plan to private coverage. The law requires insurers, following a covered total loss of a furnished primary residence arising from a declared emergency, to offer at least 60 percent of the policyholder’s personal-property coverage, up to $350,000, without first forcing the survivor to create a detailed inventory of everything that burned.

Key details

• Allen is offering a less theatrical but far more workable approach: stabilize the admitted market, increase competition, reduce physical risk, improve transparency, enforce claims laws, reform nonrenewal practices, and create a realistic path for hardened homes and communities to return from the FAIR Plan to private coverage.
• The law requires insurers, following a covered total loss of a furnished primary residence arising from a declared emergency, to offer at least 60 percent of the policyholder’s personal-property coverage, up to $350,000, without first forcing the survivor to create a detailed inventory of everything that burned.
• I have spent my professional life studying insurance, litigating insurance claims, teaching insurance law, and listening to insurance executives, regulators, consumer advocates, public adjusters, lawyers, and politicians explain what is right and often wrong with the insurance marketplace.

Why it matters to restoration

This belongs on an operator’s radar because insurance behavior sets the rules for documentation, scope disputes, cash flow and customer expectations. If the article points to a carrier, court or coverage trend, the practical question is what proof your next file needs before the argument starts.

What to check next

Check whether your estimates, photos, notes and customer updates would survive the same dispute described in the article.

Read original article ↗