Over the past five years, first-party property insurers in Florida have been experiencing a wave of claims and lawsuits by contractors who obtain insurance rights from insureds through document called an assignment of benefits (“AOB”). This article is intended to introduce the reader to this topic and explain some of the challenges facing insurers in … Read more
Hail is a natural phenomenon experienced in most parts of the world at some point in time. Hail is formed in strong thunderstorm clouds when an intense updraft combines with a high liquid water content. Hailstones can increase in size as more water freezes onto their surface. Hail varies in weight as well as size-from … Read more
Engineering Report Provenance Imagine if you will…you, the insurance or legal professional, need the expertise of a licensed professional engineer (PE) to help you with your claim or suit. You call one of the many national forensic engineering companies available to you. The field PE assigned the project completes the onsite inspection. You eventually receive … Read more
Dangers of Lithium Ion Batteries In this Special Report we will discuss the hazards associated with improperly disposing of your batteries with an emphasis on a specific type of rechargeable battery known to be most often disposed of incorrectly (with very dangerous results); the Lithium Ion Battery. Although some single use, non-rechargeable, household batteries can … Read more
How Much Is Too Much? By Tom Lackey How much is too much? This is a question being asked more frequently about water mitigation bills. According to the Insurance Information Institute, water damage claims account for approximately 30 percent of property insurance claims. Of that percentage, the greatest amount is paid for water mitigation services to companies … Read more