This story is all too familiar for an insured incurring hailstorm damage. Castleton Manor Apartments in Indianapolis, Indiana, found itself in an “insurance adjusting nightmare” better known as “Insurance Catch-22” when several of its apartment buildings suffered damage to roofs due to a hailstorm.…
A national developer of multi-family apartment units suffered a major fire loss to one of its apartment buildings in Avon Lake, Ohio. The apartment owner retained the Alex N. Sill Company, nationally-recognized public insurance claims adjusters and loss consultant headquartered in Cleveland, Ohio, to help estimate the damages and adjust the loss for building, contents and business income loss.…
Arbor Properties, the owner/manager of a significant real estate portfolio consisting of luxury multi-family housing developments throughout the southeastern United States, suffered fires to two separate apartment properties in two different states — Tallahassee, Florida and D’Iberville (Biloxi), Mississippi — within a two month span. Arbor, recognizing its plate already was full with the range of responsibilities associated with overseeing its extensive portfolio and contending with typical daily operations, chose to consolidate handling of the two insurance claims with one national firm.…
The adage that “improbable events happen all the time” was never more true than in the case of one of suburban Cleveland, Ohio’s most prestigious apartments, Sherri Park Apartments. The property includes two beautiful multi-floor apartment buildings. Within a six month period, one of the buildings suffered significant damage from a gas explosion and resulting fire while the second building suffered serious damage when it was caught in the path of the winds of Hurricane Sandy that swept across Lake Erie.…
It is something different every day in the public insurance claims adjusting business. In the dead of a recent winter, a vehicle skidded on ice and struck a fire hydrant outside the Marion Centre Mall in Marion, Ohio. The force of the accident caused a pipe to burst in the mall, resulting in four to six inches of water covering half of the 527,000 square foot mall, anchored by Sears and Elder Beerman department stores and accompanied by such other recognizable national brand retailers such as GNC and Bath & Body Works.…
I watched along with millions of people around the world in disbelief and sadness as flames engulfed Paris’ majestic Notre Dame Cathedral.The iconic international treasure has served as a place of Catholic worship for more than eight centuries and hosts nearly 13 million visitors of all ethnicities and religions each year.…
My last BLOG, published in January 2019, addressed the above question: Does a company have coverage if, under false pretenses, an unsuspecting employee wires funds to a third party? The BLOG was well read and obviously the topic remains of significant interest based on the number of lookalike cases triggering lawsuits and the inconsistency in court rulings.…
I was hacked! Figuratively, that is, my computer and not physically. Hard to tell which is a worse fate. In pre-computer days, one of our worst nightmares was getting held up for our wallets. It was our “money or our lives.” Usually, the perps wanted our cash and credit cards. Assuming we were not physically harmed, this was a nightmare with “limitations.” All we really lost (in addition to peace of mind) was the cash we were carrying, the time spent canceling and replacing credit cards and the tedious trip to the DMV for a replacement driver’s license.…
We received such positive feedback from readers of our first “war story” described in the August 2, 2018 BLOG (Good Guys Win the Battle: A Recent Property Insurance Settlement War Story), we decided to follow that one with another report from the trenches on a timely topic. However, as the issue we are about to describe is a current matter, we are characterizing it conceptually as a paradoxical insurance coverage issue rather than an existing claim.…
