PCI Opposes N.Y. Public Adjusters’ Changes To The Insurance Appraisal Process
Targeted News Service |
Legislation being supported by the
The appraisal clause was designed to help settle insurance disputes regarding the amount of a loss, not whether the contract provides coverage for the loss. However, Assembly Bill 9346/Senate Bill 4756, as introduced, would greatly expand the scope of the appraisal clause beyond what it was intended to accomplish and inappropriately bring in coverage issues.
"There are important differences in determining the amount of a loss and what the coverage terms are of an insurance policy contract," said
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