Today, we will be discussing the legislative efforts of the National Association of Public Insurance Adjusters (NAPIA). Founded in 1951, NAPIA advocates for public adjuster education and a higher standard of professional conduct and ethics. NAPIA members are committed to working in the best interest of their clients and to conducting business with integrity. For more than 66 years NAPIA members throughout the U.S. have joined together for the purpose of education, certification, marketing opportunities, legal and legislative representation, scholarship and research and the promotion of the public adjusting profession.
Key Takeaways:
[1:54] How involved is NAPIA in the insurance legislation landscape?
[6:44] The roles of Brian Goodman and Randy Goodman within NAPIA.
[8:05] What are the biggest legislative challenges NAPIA and its members are facing?
[13:05] Who punishes those who violate Unauthorized Practice of Public Adjusting (UPPA) laws?
[18:37] How do these challenges affect consumers and insurance professionals?
[19:42] What are NAPIA’s current legislative priorities?
[22:26] How does NAPIA view hourly or set fees and what are they doing to address the situation in Louisiana?
[24:50] In the five states with no licensing, are public adjusters permitted to work?
[26:38] In the past 12-years, what are NAPIA's biggest legislative wins and how do those wins benefit policyholders and public adjusters?
[27:41] What are some of NAPIA's legislative disappointments?
[29:00] What is on the horizon for property and casualty insurance legislation?
[30:59] How can people assist NAPIA’s in achieving its legislative goals?
[32:28] NAPIA protects the consuming public.
Panelists:
Moderator:
Mentioned in This Episode:
Today, we will be discussing the highly-active 2017 hurricane season and its impact on the people, areas, and economy as well as how home and business owners can properly insure themselves for this exposure in coming years. Our panel of experts has first-hand experience in the public adjusting industry and will guide us through this discussion.
Key Takeaways:
[1:21] Why were home and business owners were caught off guard by Hurricane Harvey?
[3:09] For future hurricanes, how can home and business owners prepare themselves?
[3:59] What was unique about Hurricane Harvey?
[4:39] What was the effect on Louisiana, Texas, and elsewhere?
[8:57] Tips for property owners still dealing with the aftermath of Hurricane Harvey.
[10:09] What is FEMA’s role in the clean-up efforts?
[12:09] How long can residents expect to be affected after a hurricane?
[13:59] What types of property insurance coverages are home and business owners lacking with regards to Hurricane Irma claims?
[15:38] Is FEMA help available? And if so, what do these types of claims entail for a home or business owner?
[18:45] Aside from insurance policies and FEMA grants, what other types of funding or help are available?
[19:48] What was the overall impact of Hurricane Irma on the Caribbean and Florida?
[21:40] Tips specific to those dealing with the aftermath of Hurricane Irma.
[25:16] Hurricane Irma made landfall two weeks before Hurricane Maria; were residents more aware, cautious, and alert when it came to dealing with Maria?
[28:51] What was the impact of Hurricane Maria on Puerto Rico?
[30:57] Who can property owners go to for property damage claims related to Hurricane Maria?
[32:37] For those living in the Caribbean, are there additional coverages home and business owners should buy to protect them from future hurricanes?
Panelists:
● Jim Beneke — President — The Beneke Co./Adjusters International
● John Marini — President & CEO — Adjusters International
● Luis Esteves — Principal & Executive General Adjuster — Jansen/Adjusters International
● Todd Thomas — Executive Director of Consulting Services and member of the Society of Risk Management Consultants — Adjusters International
Moderator:
● Marjorie Musick — Social Media Specialist — Adjusters International/Basloe, Levin & Cuccaro and Jansen/Adjusters International
Mentioned in This Episode:
National Association of Public Insurance Adjusters (NAPIA)
Today we will be discussing the insurance coverage for collapse. Throughout the years, insurance companies have updated the policy language as to what constitutes a collapse loss and continue to do so today. How can you be sure you are covered in case of collapse and furthermore, how can you help to mitigate a collapse loss to your property? Find out on this episode as we discuss collapse with our experts.
Key Takeaways:
[1:40] What are common reasons or circumstances that cause a property to collapse?
[2:31] What constitutes a collapse loss according to the insurance company?
[4:54] If a home or business were to collapse due to a natural disaster would it be covered under a standard property insurance policy?
[7:23] How can policyholders protect themselves when it comes to exterior buildings on their property?
[10:02] What happens if two variables cause the collapse of a property? How would the policyholder’s claim be handled?
[16:11] How can home and business owners protect their property from collapse?
[18:05] What happens when policy language is ambiguous when pertaining to a collapse?
[21:14] What types of professionals are available to assist policyholders who are suffering from a collapse insurance claim?
[24:55] Additional considerations regarding collapse claims.
Panelists:
● Matthew Blumkin, Principal at The Greenspan Co./Adjusters International
● Todd Thomas – Executive Director of Consulting Services and member of the Society of Risk Management Consultants - Adjusters International
Moderator:
● Brianna Moyer, Digital Marketing Manager – Adjusters International
Mentioned in This Episode:
Today we will be discussing the ins and outs of insurance policies, and the importance of understanding what your policy does say and cover, as well as what it does not. In this episode, our panelists will discuss how those with an insurable interest in a property can protect themselves from issues such as inadequate reimbursement should a disaster occur.
Key Takeaways:
[:27] After a disaster occurs such as a fire, flood, or severe windstorm and damages a property, what are some of the more common mistakes an insured or policyholder makes that results in the inability to provide proof of loss to the insurance company?
[3:20] Is the ‘inability to provide proof of loss’ a common theme in property damage losses?
[5:12] What are the ways in which a policyholder can prevent such roadblocks?
[8:00] What does the concept of ‘insurable interest’ mean in relation to a property insurance policy?
[9:38] If a person does not have to be the property’s owner in order to have insurable interest, what are some examples of parties that would have an insurable interest in a property?
[11:49] A party who has an insurable interest in a property may not be involved in the day-to-day operations, or even be on-site. What types of conflicts can this result in when it comes to insurance policy definitions, interpretations, changes, and the like?
[13:28] What can these other parties do to protect their stake in the property, aka their ‘insurable interest’?
[17:36] Speaking of ‘Broadening the Named Insured,’ what are some challenges the agent, broker, or policyholder may face, when undertaking this task?
[21:11] What are some challenges the agent, broker, or policyholder may expect when ‘Broadening the Property Definition,’ if they have to go that route?
[22:09] Suffice it to say that these additions to a property insurance policy can play an important role in helping one avoid a large predicament such as inadequate reimbursement; what is the overall benefit of having them in place?
Panelists:
● James R. Mahurin – Risk Management Consultant and member of the Society of Risk Management Consultants
● Tim Larsen – Executive Adjuster – The Greenspan Co./Adjusters International
● Todd Thomas – Executive Director of Consulting Services and member of the Society of Risk Management Consultants – Adjusters International
Moderator:
● Brianna Moyer (Adjustersinternational.com/bios/executive-professional/), Digital Marketing Manager – Adjusters International
Mentioned in This Episode:
Adjusting Today — Sometimes It’s What the Policy Doesn’t Say That Counts