Saturday, December 25, 2010

Chinese Drywall Redux - United Policyholders Nudges the Insurance Regulators

I posted back in August about the insurance coverage issues raised by the use of Chinese Drywall. Those issues not only won't go away but the severity of the problem seems only to increase.

Fortunately for policyholders, a group exists that perhaps you may not know about called United Policyholders. United Policyholders was founded in 1991 as non-profit tax-exempt organization dedicated to educating the public on insurance issues and consumer rights.

The Executive Director of United Policyholders, Amy Bach, recently was invited to make a presentation on the consumer perspective concerning Chinese Drywall insurance problems to the National Association of Insurance Commissioners at its Winter Meeting in San Francisco on December 7. Amy was able to tell the Commissioners about the problems with drywall and, more importantly, about the problems with the insurance companies the Commissioners regulate who are trying to bluff their way out of covering their policyholders. You might want to review Amy's Powerpoint presentation that was shown and distributed to the Commissioners.

Good going Amy! Policyholders are lucky to have you and United Policyholders on their side. For those of you who are reading this post and do not know of this organization, you might enjoy perusing its website.