Transcript INSURANCE & DISASTERS
DISASTER PLANNING & INSURANCE
JACK EVINS TEXAS DEPARTMENT OF INSURANCE
TOPICS - OVERVIEW Disaster planning Reviewing your insurance coverages Claims and complaints Resources Questions & Answers
TEXAS’ DISASTER EXPOSURES Flooding Hail & ice storms Tornadoes Tropical systems Wildfires “Accidental” man-made disasters “Intentional” man-made disasters Pandemic disease
DISASTER PLANNING Preemptive mitigation Loss control – liability Other risk management External dependencies Suppliers Customers
DISASTER PLANNING Business continuity Safety of employees Safeguarding assets Physical property Information assets Evacuations & remote operability Secondary location Communications
INSURING AGAINST DISASTERS Review insurance coverages Commercial insurance Property Liability Business interruption Flood Windstorm
INSURING AGAINST DISASTERS Important considerations Replacement cost vs. actual cash value Deductibles Endorsements – add/delete coverages Know who you’re dealing with Licensed insurers/agents Surplus lines insurance
HURRICANE RITA COMPLAINTS Coverage for losses due to mandatory evacuation Coverage for losses due to power outages Slow claims inspections, processing
TDI & Consumer Complaints What can TDI do about violations?
How to check on complaints against a company or agent Report fraud! 1-888-327-8818 or online at www.tdi.state.tx.us/fraud/onlinereport.html
TDI DISASTER RESOURCES Information & assistance available Publications Consumer HelpLine “StormLink” web page http://www.tdi.state.tx.us/commish/storms/ index.html
TDI WEBSITE RESOURCES
TDI WEBSITE RESOURCES
OTHER RESOURCES Governor’s Division of Emergency Management (GDEM): http://www.txdps.state.tx.us/dem/pages/index.htm
Texas Cooperative Extension “Preparing Your Business for Disasters” http://texashelp.tamu.edu/001a-hot-topics/prepare your-business-for-disasters.php
CONTACT TDI On the web: www.tdi.state.tx.us
By phone: 1-800-252-3439 (Monday – Friday, 8 a.m. – 5 p.m.)