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The firm, based in New York City, was founded in 1994 by the four senior members of Lehman Brothers' merchant banking group, Jim Stern, Jeff Hughes, Jamie Singleton and David Spalding. [ 2 ] Cypress has raised approximately $3.6 billion since its inception across two funds raised in 1996 and 1999.
Term. Meaning. Appraisal. An appraisal is a detailed assessment of either the property or property damage. An appraisal is written by an adjuster to estimate the amount of damage from a loss.
If the home is empty and unoccupied for 30 days or longer (depending on the state), an insurance company may choose to cancel or not renew the home’s insurance policy.
Finding out your home insurance has been canceled or nonrenewed may leave you feeling vulnerable. After all, your home is likely one of your largest investments, and a home insurance policy can ...
Delay, Deny, Defend is a critical exploration of the property and casualty insurance industry, examining how its practices affect policyholders.Feinman, a law professor specializing in consumer rights and insurance law, argues that the industry prioritizes profits over policyholders' needs, often using tactics like delaying or denying legitimate claims to bolster financial performance.
Filing a home insurance claim might make the most sense when the loss estimate is more than your deductible. Any claim, even a minor one, might lead to an increase in your home insurance premium.
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