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Laura Farach will co-present a program on "The Importance of Time and Money" as part of the 19th Annual Windstorm Insurance Conference in Orlando, Florida. The presentation will focus on undisputed and partial payments, including when and under what circumstances, a policyholder is entitled to the payment of “undisputed amounts” before the final resolution of a claim. The session will also focus on the information that must be included in a sworn statement in proof of loss, its effect on an insurer’s evaluation and adjustment of a claim, and the its impact as a trigger in starting the clock on an insurer’s deadline to make undisputed payments on a claim. Finally, the presentation will focus on the benefits of timely payments for the policyholder and the repercussions of untimely payments for the insurer, including, but not limited to, the insurer’s bad faith exposure as a result of failing to make undisputed payments in a timely manner.
Additional details about the conference, including registration information, can be accessed here.