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Monthly Archives: April 2013

Homeowners Insurance Claims From Sandy Nearly Closed

Homeowners Insurance ClaimsPost Date April 29, 2013 – Data gathered from the Pennsylvania Insurance Department, New Jersey Insurance Department, and New York Insurance Department  indicated nearly 95 % of the homeowners Insurance claims from Superstorm Sandy are now closed and resolved.  The data which is updated regularly collects information from all the major homeowners insurance carriers which holds most of the insurance market in areas affected by the storm.  An article in the Insurance Journal states most recent data will show us that there had already been 12000 of claims that are now closed. 303,826 of these claims have been closed with payments, while almost 72,000 were closed without payments. The number of claims consist 95% percent of all Homeowners Insurance claims filed in relation to Superstorm Sandy in PA, NJ and NY. It has been learned that the aftermath of Sandy in the said state had brought a total of over 15000 insurance claims.


Homeowners Insurance claims almost all closed

Personal insurance refers to homeowners and auto insurance.  However, the data does not include insurance claims that concern the National Flood Insurance Program. Of the total number of claims, the report card also showed that there have been 4000 complaints filed against insurers.  Among the insurance companies that provide policies in PA, NJ and NY, Allstate  and State Farm holds the most number of claims and also the most number of closed claims. As per the April 12 data, Allstate had 150,000 of their claims closed with 2100 complaints. It was able to make payments for 140,000 claims. Insurer State Farm which recorded 150,000 closed claims had 700 complaints. On the other hand, Travelers Group was able to resolve 120,000 claims and had 1500 complaints.

-Mike

Michael E. Dortch
President &  Senior Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 206

 

Homeowners Insurance Company Scam Uncovered

Post Date April 26, 2013 – A lawsuit was filed recently against State Auto Insurance Company saying the Homeowners insurance company is charging for phantom Homeowners Insurance Rates to it’s customers.  A Homeowners Insurance customer in Kentucky filed a lawsuit siting that his Homeowners Insurance Company has been illegally raising his homeowners rates.  The Homeowners Insurance… Continue Reading

NJ Homeowners Insurance Carriers Praised

Post Date  April 13, 2013 – The New Jersey Banking and Insurance Commission just praised the mortgage lending community in the state New Jersey.   The Insurance Commission has included community banks, national banks and mortgage service companies. The reason for the high praise is the unusually fast release of  NJ Homeowners insurance proceeds from… Continue Reading

Homeowners Insurance Claimants Are Happier When Using Agents

Post Date April 11, 2013 – As all Pennsylvania Homeowners are aware of, you may purchase your Renters or Homeowners Insurance two different ways.  You can either call a Homeowners Insurance Company direct or you my contact an Independent Agent or Broker. Although the Direct Homeowner Insurance Companies claim their rates are cheaper, that never… Continue Reading

Need Car Insurance Quotes – Paying Too Much?

Post Date April 7, 2013 – Drivers all over the United States may need car insurance quotes once they see their upcoming auto insurance renewal rate.   Auto Insurance insiders have been aware for many years that car insurance buyers have enjoyed very low rates.  This is commonly known as a soft car insurance, truck… Continue Reading

Auto Insurance Companies To Reimburse Customers

Post Date April 5, 2013 – Four Massachusetts auto insurance carriers were recently served with law suits.   The car insurance carriers were sued for overcharging their customers through their legally mandated surcharges.  Those with accidents, tickets and violations even DUI”s were effected.  The Massachusetts Attorney General Martha Coakley, whom recently ran for the United States… Continue Reading