For business owners or community associations in coastal areas, insurance deductibles are a major concern due to the high risk of natural disasters like hurricanes, floods, and storm surges. Coastal areas are particularly vulnerable, which makes understanding deductibles essential. Here are the top five deductible concerns and how insurance companies may leverage them to avoid or underpay claims.

The Hidden Costs of Exaggerated Insurance Fraud Statistics.

Insurance fraud is often portrayed as a significant problem within the industry, but a recent analysis highlights a critical issue: the manipulation and exaggeration of fraud statistics by insurance company lobbyists and trade associations. These stakeholders may exploit these narratives to influence public opinion, justify premium increases, or lobby for favorable legislative changes. Here’s a deeper look into the arguments and their implications for policyholders.

How Insurance Lobbyists Manipulate Fraud Statistics and Its Impact on Consumers.

Concerning insurance trends: insurance company lobbyists and trade associations may misrepresent or exaggerate fraud statistics to inflnuence public perception, justify premium increases, and advocate for favorable regulations.

Now more than ever, policyholders need representation to navigate the complexities inherent in the insurance market today. Hiring a professional advocate like GlobalPro is crucial for ensuring that community associations, business owners, and high-net-worth individuals receive the compensation they deserve.

Facing Hurricane Milton:What You Must Do to Protect Yourself After Hurricane Helene

Just eight days ago, Hurricane Helene tore through much of Florida, leaving widespread devastation in its wake. Now, we are staring down the barrel of yet another potential disaster—Hurricane Milton.

Floridians and Texans are no strangers to the wrath of Mother Nature. With the hurricane season upon us, it’s crucial to be prepared and informed to protect our interests as policyholders. As an insurance claims experts with nearly two decades of experience advocating for policyholder rights, GlobalPro’s team has compiled five essential tips to help you safeguard your community association or business and ensure a smooth claims process before and after a major storm.

RECENT HURRICANE BERYL AND HAIL STORMS IN TEXAS: A SUMMARY AND INSURANCE GUIDANCE

This storm season has already set a new record with Hurricane Beryl, which wreaked havoc across Texas, leaving a trail of destruction in its wake. Once classified as a Category 5 hurricane, Beryl brought with it sustained wind speeds of up to 165 mph. The hurricane made landfall on the Texas Gulf Coast as a Category 1, causing significant damage to homes, infrastructure, and businesses. This extremely dangerous, early storm highlights the need to practice preparedness.