January 20, 2014 |
Bucks County lawyer Niels Eriksen blew two tires in potholes Wednesday. The first was en route to a district court in Bristol to defend a man in an assault case. He called the judge from a nearby bar to say he was going to be late. "Isn't it a little early for that?" the judge joked. Two hours later, the temporary spare on Eriksen's Acura was shredded on the Route 1 Superhighway, effectively canceling an appointment with a client at Bucks County Prison. "I paid $250," Eriksen said of two new tires and installation.
March 11, 2011
More and more houses sit unoccupied these days, left behind by their owners in this still-tough economic climate. In 2010's fourth quarter, the Census Bureau reports, 12.1 percent of all U.S. residences, or 18,394,000, were vacant. Record foreclosures are a big reason: After repossessing houses at sheriff's sales, many lenders leave them empty for months. But even properties that aren't distressed may take a long time to sell after the owners move on. In the Philadelphia region in January, time on the market averaged 103 days, according to Prudential Fox & Roach's HomExpert Market Report.
November 4, 1996 |
District Attorney Lynne M. Abraham is making good on her vow to change the city's image as the fraud capital of the state. Last week, her office continued a crackdown on alleged insurance scammers, arresting eight more people on charges of filing claims totaling more than $100,000. So far this year, Abraham's Insurance Fraud Unit, headed by Assistant DA Albert Toczydlowski, has netted 137 people for various scams. Those scams include filing phony accident claims, faking bills to collect on homeowner's policies, doctoring medical bills and illegally collecting worker's compensation.
September 21, 2008 |
The surprise government takeover last week of the giant insurer American International Group Inc. gave us reason to seek updates on the industry and reassurance about the quality of insurance. Insurance Journal. A glance at this insurance-industry news site showed how AIG's problems may be viewed as opportunities by its competitors. "AIG Woes Offer Double Benefit for Insurance Rivals," said a top headline last week. Insurance Journal is an 85-year-old trade magazine aimed at agents and brokers.
January 19, 1994 |
For the fifth time in less than five years, insurance companies are scrambling to deal with a major disaster in California. They're getting used to it. As news came in that another major earthquake had hit the state, insurers rushed to set up telephone banks, bring in extra agents and adjusters, and, in many cases, simply try to reassure their policyholders that the company was on the case and had the funds to pay valid claims. "We've got people who do this over and over," said Jerry Parsons of State Farm Insurance Co., the largest carrier in California with more than a quarter of the homeowners market.
March 31, 2001 |
Korman Communities says it is not clear how many of the 200 people displaced by Thursday's devastating fire at its Marshall Wood complex in Norristown had renter's insurance to cover their losses. But there is little doubt that in hindsight, all would wish they did. Like homeowner's insurance, renter's insurance typically covers losses from fire, as well as from burglary, lightning, vandalism, explosions, windstorms, and damaged plumbing, according to the Insurance Information Institute.
July 6, 2012 |
COLORADO SPRINGS, Colo. - When firefighter Eric Morris shows up at wildfires across the West, locals battling the flames sometimes look at him and wonder who sent him. The answer isn't a public agency. It's an insurance company. Morris is among a group of private firefighters hired in recent years to protect homes with high-end insurance policies. In a wildfire season that is one of the most destructive ever to hit the region, authorities and residents say their help is welcome.
January 23, 2013 |
Philadelphia lawyer Randy Maniloff is on a mission to make insurance interesting. Funny, even. And maybe get paid even when he doesn't go to court. The underwriters' lawyer and Oxford University-published textbook author has stepped down from his partnership at White & Williams L.L.P. (though he's still a full-time lawyer "representing dozens of insurance companies" there) to start a cartoon-fronted biweekly online magazine, Coverage Opinions. Maniloff has been giving it away, since the fall, to a subscriber list that has grown past 10,000, which he says is double his target to date.
May 20, 1994 |
If you don't own a house valued at $200,000 or more, stop reading. If you do, and your abode is a lovingly restored historic home with lots of period furnishings, you might want to consider something more than the standard homeowner's insurance policy. Today homeowners can choose a policy designed for upscale or historic houses that offers extended replacement costs. This means that, if you spent big bucks to restore all the 18th-century woodwork and there's a fire, you don't have to replace the wood with plastic because the insurer won't spring for the extra money needed for restoration.
February 18, 2001 |
A lot has happened since Norman and Brenda Johanson bought their Wynnewood house in May 1999. The kitchen is new. Four bathrooms were added. The leaky greenhouse was removed, and a paneled library appeared. And that was just the big stuff. The work was so extensive that for six months, the Johansons and their four children lived in the carriage house on the property. Finally, the work was finished and they moved back in. "We were able to see the millennium here," Brenda Johanson said, gesturing toward the living room, with its stone fireplace, quarter-sawn oak molding and floors, and a grand piano.