Tuesday, November 30, 2010

When it comes to getting a settlement from your insurance adjuster, you have more than one option.

By Seth Knudsen, Claims Adjuster
November 30, 2010
Often people who have claims are at the mercy of their insurance adjuster’s opinion and calculation of the damaged value(s). This is troubling as the adjuster is employed by and represents the company he works for and not you.
What are your options when it comes to a smaller than expected settlement amount?
  1. hire a public insurance adjuster
  2. hire a lawyer
  3. hire an appraiser
Depending on the type of claim you have (auto, homeowners, liability, business, etc) one or all can help you with getting the settlement you deserve.
You might say to yourself, “Is it worth it for me to hire someone?”
In my experience, more often than not, the answer is YES.
I think of it this way; I have to pay for my gas to commute to work and back - that’s paying for something to make money.
In addition, you have the peace of mind of knowing you were fairly reimbursed for your loss. You don’t have to always wonder if you were shortchanged.
Quality Claims Management Corp. is a national public adjusting firm. Public Adjusters are professionals who are employed exclusively by a policyholder who has sustained an insured loss. They handle every detail of the claim, working closely with the insured to provide the most equitable and prompt settlement possible. A Public Adjuster inspects the loss site immediately, analyzes the damages, assembles claim support data, reviews the insured's coverage, determines current replacement costs and exclusively serves the client, not the insurance company.
Let us know if we can help you in getting a better settlement.

Monday, November 15, 2010

Insurance Commissioner Elect Dave Jones

By Kim Cary, Senior Adjuster
Novemeber 12, 2010

On November 2nd, California voted in Dave Jones as the new Insurance Commissioner. The Commissioner oversees the California Department of Insurance (CDI) which ensures that consumers are protected; the insurance marketplace is fostered to be vibrant and stable; the regulatory process is maintained as open and equitable; and the law is enforced fairly and impartially.

According to insurance.ca.gov:

As a state mandated regulatory agency, the CDI has authority over how the insurance industry conducts business within California. The following eight points represent areas where regulatory authority is exercised on a daily basis by the Department:
  • Legal - Legal action is the ultimate enforcement instrument of the Department. Possible legal enforcement actions include: Cease and Desist Orders, Notices of Noncompliance, and Administrative Law Hearings. These actions may result in fines or penalties against our licensees.
  • Consumer Protection - The Department aids consumers by regulating how insurance companies market and administer their policies. Insurance business must be conducted in an honest, open, and fair manner.
  • Licensing - As mandated by the California Insurance Code (CIC), the Department holds licensing examinations for brokers and agents and investigates suspected violations of the CIC by licensees.
  • Enforcement - To protect the public from economic loss and distress by actively investigating and arresting those who commit insurance fraud and to reduce the overall incidence of insurance fraud through anti-fraud outreach to the public, private, and government sectors.
  • Certificates of Authority - Insurance companies that want to do business in California must apply and be reviewed by the Department to determine whether or not they should be given the authority to sell insurance in this state.
  • Conservation and Liquidation -The Department takes an active, leading role to conserve, rehabilitate, or liquidate troubled insurance companies under appointment of the Superior Court.
  • Rate Regulation - The Rate Regulation Branch, under the provisions of Proposition 103, reviews proposed personal auto and homeowners insurance rates to ensure that they are fair, reasonable, and adequate.
  • Financial Surveillance - By examining and reviewing key financial statements and conducting audits of insurance companies in California, the Department oversees the financial condition of the insurance industry and helps to ensure stability and to protect policyholders.

Insurance Commissioner Elect Dave Jones is currently serving his third term in the California State Assembly representing Sacramento’s 9th District. He served in the Clinton Administration as Special Assistant and Counsel to US Attorney General Janet Reno. He also worked as a Legal Aid attorney providing free assistance to the poor.

As indicated on his campaign website, Dave Jones believes in holding insurers accountable and will strive to keep insurance premiums affordable. He is a strong consumer advocate and was awarded the 2008 Consumer Champion by the California Consumer Federation. He authored legislation requiring the Department of Insurance to obtain public input and hold hearings on major decisions.

Quality Claims looks forward to seeing positive changes for consumers at the Department of Insurance when Dave Jones takes office.