Claims Advocate

Our quarterly newsletter focuses on the rights and responsibilities of the policyholder. Each newsletter highlights current issues and trends in the insurance industry.

Claims Advocate – June 2024 – Vol. 20

Claims Advocate – June 2024 – Vol. 20

PROTECTING YOUR INTERESTS: 5 ESSENTIAL TIPS FOR POLICYHOLDERS BEFORE AND AFTER A MAJOR STORM

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.

Claims Advocate – March 2024 – Vol. 19

Claims Advocate – March 2024 – Vol. 19

A MUST FOR COMMUNITY ASSOCIATIONS TO UPHOLD FIDUCIARY DUTIES: THE CRUCIAL ROLE OF PUBLIC ADJUSTERS

By Daniel Odess, CEO and Founder of GlobalPro

In the wake of recent natural disasters and the evolving landscape of insurance legislation, it’s imperative for property owners, community association boards, and business owners to reassess how they approach insurance claims. This is especially true for community association boards, where the responsibility to protect the financial interests of their communities is paramount. The recent misleading data about lawsuits leading to anti-consumer insurance legislation, combined with the alarming delays and unethical practices in claims processing post-Hurricane Ian, underscore the need for professional guidance right from the onset of a loss. In light of recent events and discoveries in the insurance industry, it’s time to ask a critical question: “As a community association board, are you fulfilling your fiduciary obligations without the representation by a public adjuster in property insurance claims?”

UNDERSTANDING THE REAL FACTORS BEHIND CHANGING INSURANCE MARKETS AND THE IMPORTANCE OF PUBLIC ADJUSTERS

By Matthew Sengsourinh, President of GlobalPro Florida

In recent times, there’s been a lot of discussion around the rising costs and changing dynamics of the property and casualty (P&C) insurance market. As someone deeply involved in both construction and insurance industries, I’ve closely followed these trends, including the misleading data often circulated and the enlightening findings of recent studies, such as the J.D. Power report. My experience has consistently shown that policyholders need strong advocates, particularly public adjusters, to protect their interests, especially in the wake of a loss.