Rick J. Lindsey’s Post

Shelterforce has been following the rise of property insurance costs for months. Alongside several stories, we recently released a short video explaining the impact of skyrocketing property insurance costs and what can be done about it. Explore the series today: https://bit.ly/4cq2UXU #InsuranceCosts #NonprofitHousing #HousingPolicy

Shelterforce has been following the rise of property insurance costs for months. Alongside several stories, we recently released a short video explaining the impact of skyrocketing property insurance costs and what can be done about it. Explore the series today: https://bit.ly/4cq2UXU #InsuranceCosts #NonprofitHousing #HousingPolicy

After over a decade in the insurance industry, we've seen a fair share of contract mishaps. Did you know that a named insured benefits from the broadest coverage under a policy, whereas additional insureds face limitations? It's a crucial distinction that can make or break a contract! Don't be fooled by insurance jargon; learn more with insights from our insurance experts: https://bit.ly/3IvYBwO #nonprofit #humanservices #nonprofitleadership

For Your Tomorrow ... Standing with Giants .. To honour the servicemen who gave their lives under British Command on D-Day, 80 years ago, the inspirational #charity Standing with Giants has installed an incredible 1,475 silhouettes around the #Normandy Memorial site. At Unity, we are proud to be the #insurance broker for Standing with Giants. Our role is to arrange insurance cover for the charity, including the magnificent silhouettes. This includes an all-risk policy for the statues they use in their impactful displays and projects. Titled “For Your Tomorrow” the installation can be viewed at the British Normandy Memorial in Ver-sur-Mer (Calvados) as part of the D-Day 80 commemorations from 21st April – 31st August 2024. The two-metre tall black, metal statues portray British servicemen in several different stances and are in the meadows between the Memorial’s stone panels and the coastline. They create an emotional silhouette of troops on the landscape and each statue represents a fallen British serviceman during the first day of the D-Day campaign, who died during fighting at Sword or Gold beach. The Normandy statues were created with the aim of bringing individuals together to remember those who fought for freedom, both past and present. An all-risk insurance policy for Standing with Giants, means that the statues are safeguarded against damages from various sources such as theft, vandalism and weather-related incidents. Protecting these statues is crucial to maintaining the integrity and impact of their work. With Unity's all-risk insurance policy, Standing with Giants charity can continue their great work with confidence, knowing that their insurance is what’s needed, and these wonderful assets are protected. For more information see https://lnkd.in/ggw5P5zc

The American Policyholder Association advising policyholders of Western NY after this week’s tornado outbreak. The advice is relevant nationwide. Interesting to hear how the reporter had a bad experience with her own claim that is typical of the many complaints we receive nationwide. Insurance is a critical risk management tool & we need to eliminate problems like this. The APA has produced multiple consumer guides to assist policyholders in advocating for their own best interest in the claims process. #insurance #tornado #newyork #naturaldisaster #nonprofit #consumerprotection

State Farm recently removed the Appraisal Clause for repair procedure claims from their policy, and other leading insurance companies are following this trend. If you drive in Texas, you're legally required to have car insurance, and if you disagree with your insurance company about the value of your car or any damages, there is nothing you can do. This allows Insurance companies to operate extremely profitable businesses, creating insurance policies that always end in their favor. To fight against these giant insurance companies takes a great deal of resources. To hire the legal staff that is necessary to pass a bill would be too great to fund on our own. That is why, we are asking for your support. If you drive in Texas, and you pay for car insurance, this cause directly affects you and your family. Please donate to this fund that will help the fight against insurance companies, and if passed, guarantee you and all of Texas the mandatory right to a fair Appraisal. #Appraisal #law #gofundme #fundraiser #legislation #texas #mandatory #safety https://gofund.me/59dc47a7

Did you know that directors and officers of nonprofit organizations can be held personally liable for losses or damages resulting from their actions or inactions? Check out our latest blog to find out which organizations need D&O insurance, benefits of having this coverage, and claim examples where D&O insurance was needed. https://ow.ly/eHCz30sCL6v

I see some folks asking questions around recent claim-handling changes in Florida. And a few have questioned my criticism of some of the non-profits trying to help, and I do not wish to be misunderstood, especially since these are complex matters and difficult times after two major hurricanes affected the state. Some would say, and likely rightfully so as I contemplate it further, the 60 Minutes piece a few weeks ago, as well as some additional recent scrutiny of the Florida property insurance market from the press, triggered the claim-handling changes and greatly improved the situation in Florida, at a time when it is critically needed. Folks like Doug Quinn and the American Policyholders Association deserve A LOT of if not ALL the credit for the changes. Amy Bach and others at United Policyholders, a significant group of professional and ethical public adjusters, and even a few highly experienced, more recent observers like myself, I humbly hope, are helping too. We are increasingly calling out abuses in the market, and the root causes. And I do not think any of us will stop until policyholders in Florida and beyond are treated fairly. Much of the insurance industry tries hard and succeeds at providing coverage and indemnification, after catastrophes small and large. That is an important point, and sometimes difficult to see in Florida, especially. USAA, Tokio Marine, Citizens, GEICO, Prime, Progressive, State Farm and Lloyds of London, among others, are there most often there after a loss with fair settlements and larger checks, to help people already hurting get back on their feet. (Insurance almost never fully compensates anyone. I wish it did.) But like most industries, there are some very bad actors, especially in the somewhat unique Florida and coastal property insurance markets, and they need to be increasingly called out. #floridaproperty #coastalproperty #insurance #floridapropertyinsurance #emergingrisk #policyholderadvocacy

Don't miss content: Q&A with Jason Feld with Kahana Feld, CLM’s first Volunteer of the Year award winner. https://bit.ly/3xJ6htp #CLMMagazine #Insurance #ClaimsManagement #LitigationManagement #InsuranceDefense #Volunteer #NationalVolunteerMonth

I just came across this interesting #familybusiness interview with Polly Staveley of TL Dallas & Co Ltd, the fabulous fourth generation family business, and Yorkshire insurance brokerage in the Insurance Business America magazine, online. As Polly says in the piece - "Why would you want to extricate yourself from a family business you fought to be a part of...it brings with it so much pride and so many great connections". Touching on their significant recent growth, Staveley noted that the firm had the time and space to carefully consider its next steps during COVID, which resulted in a complete turnaround of its strategy. Pre-COVID, TL Dallas was moving towards centralising its operations, and basing them more centrally around its head office in Bradford, its large office in London and a few offices in Scotland. The thought was to reduce the number of outlying offices and bring the business closer together, but COVID quickly underscored just how much value clients get from being supported by local brokers who know them and their businesses best. “We recognised that we’re at our best when we’re serving our local communities by being among them, by having great relationships with them and earning their trust,” she said. “So, we went the other way instead. We’ve opened up more regional offices – including in Lincolnshire, Cumbria and Skipton, in North Yorkshire – over the last couple of years. That was our deliberate strategy, to look to where we have great people who wanted to join us but also to stay serving the local communities they know and where they are known.” An article well worth a read for anyone interested in family businesses, leadership, philanthropy and responsible business - TL Dallas have donated £120,000 to-date though their charitable trust. Full Credit for the article to Insurance Business America #familybusiness #philanthropy #leadership #responsiblebusiness