April 12, 2021

Private-Sector Insurers To Pay More Than $32 Billion In Claims From Natural Disasters In 2011

Private-Sector Insurers To Pay More Than $32 Billion In Claims From Natural Disasters In 2011 FEDERAL GOVERNMENT SET RECORD FOR DISASTER DECLARATIONS NEW YORK, December 30, 2011—Insurance companies will pay more than $32 billion in claims to help people rebuild homes and businesses damaged or … [Read more...]

NFIP has been directed since 2004 that there is no longer any requirement to withhold the “recoverable depreciation”

As written by the Outer Banks Sentinel: "The NFIP flood adjusters' manual states that primary residences are not to be depreciated but almost all of the proofs of loss examined by the Sentinel contained depreciation of things such as floors, stairs, doors, etc. That depreciation was noted as … [Read more...]

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