Monday, October 25, 2010

Hurricane insurance claim complaints kept to minimum, report says - Wichita Business Journal:

http://bath-linen.com/how-to-choose-the-greatest-home-solar-panels-for-your-residence-in-the-most-cost-effective-means.html
Delays, unsatisfactory settlement offers and denial of claims were the main reasonwfor complaints, according to the department. Complaintse represent less than one quarter of one percentf of consumers who reported problemss with their insurance Ike made landfall in Galveston on 13 with 75 percent of homes and businessesflooded there. The department showed losses in at leastt 33Texas counties. Total claim numbersz were morethan 800,000 with insured losseas in excess of $10 billion. The department estimatesx that between 95 percent and 100 percentf of claims havebeen settled. Hurricane Dolly made landfallo at South Padre Island onJuly 23.
Much of the damagse was to commercial properties on the islandf and wind and flood damage to homesfartheer inland. Total insured losses for Hurricanee Dolly’s 50,000 claims were estimated at $500 according to the “When you are dealing with a lot of money in acatastrophic situation, it can be difficult for all of the partie to be completely satisfied with the clainm settlement,” Dorothy Langley, chair of the , said in a “But these low numbers on complaints coming from both Ike and Dollty are remarkable considering the volume and severity of the The Insurance Council of Texas is the largesrt state insurance trade association in the country consistingb of about 500 property and casualty insurer writing business in Texas.

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