Money is the blood of any enterprise. The homeowners of companies know that with out constructive money stream, their companies may die as certain as a human will die with out blood. These homeowners buy insurance coverage relying upon immediate and substantial fee of money advantages following a disaster. What occurs when the insurance coverage firm doesn’t promptly pay?
A narrative by Wink Information, Enterprise Homeowners Impatient Over Insurance coverage Cash, describes the state of affairs prevalent for Hurricane Ian enterprise homeowners ready for his or her insurance coverage advantages months after the loss:
My father all the time mentioned that “motion speaks a lot louder than phrases.” The place are the leaders of Florida’s insurance coverage corporations when their prospects are struggling? The place are our elected leaders in Florida? On the brink of run for a brand new or totally different workplace? The place are the fats cat insurance coverage firm lobbyists who gave contributions to Florida’s politicians who then handed legal guidelines defending these slow-paying insurers? How lengthy would these insurance coverage executives enable their prospects to not pay premiums earlier than canceling their insurance policies—just a few weeks?
Public adjusters and restoration contractors are to be congratulated for his or her work serving to enterprise policyholders following Hurricane Ian. However, as an alternative of being congratulated, Florida’s Governor and high insurance coverage official name them derogatory names. These politicians ought to hear what enterprise homeowners not getting paid their claims monies name them and the slow-paying insurance coverage corporations. The unhealthy guys on this story are those not promptly paying claims and people who help these slow-paying insurance coverage corporations.
When are Florida’s elected officers going to do one thing concerning the slow-paying insurance coverage disaster which harms enterprise homeowners? What are the insurance coverage executives doing to appropriate the gradual adjustment? It’s not simply me saying this as a result of the media is reporting the identical factor day after day.
Do these executives in authorities and the insurance coverage business actually look after enterprise proprietor policyholders? We do, which is why I report on this plague of late insurance coverage funds.
