Property Insurance Coverage Law

OCTOBER 6, 2024

I have received numerous calls from furious Hurricane Helene policyholders after learning how little coverage is afforded for the non-elevated floor of a multi-story building under their flood insurance policies. Refer to the Visual Flood Adjusters Use appeared first on Property Insurance Coverage Law Blog.

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Building Insurance Claim Claim Policyholder 130

Property Insurance Coverage Law

SEPTEMBER 26, 2024

In a case involving alleged hail damage to a commercial building, the court granted summary judgment in favor of the insurer, Charter Oak Fire Insurance Company, after excluding the policyholder’s expert witness.

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Policyholder Insurance Companies Damage Claim 203

AMAXX

MARCH 4, 2025

Research has shown that fear of being fired is one of the top predictors of negative claim outcomes, including increased litigation rates and extended time off work. By understanding the role fear plays in workers compensation claims, employers can implement strategies to foster trust, improve outcomes, and reduce costs. Heres how: 1.

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Workers Compensation Compensation Claim Workers Comp 82

Insurance Journal

FEBRUARY 12, 2025

A renewed and expanded effort from chemical giant Bayer to shield itself from lawsuits that claim its popular weedkiller Roundup causes cancer brought dozens of protesters to the Iowa Capitol building Monday begging lawmakers to reject it. The legislation, pending …

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Claim Building Liability 158

Redbird Agents

NOVEMBER 15, 2024

For agencies, field marketing organizations (FMOs), and insurance companies, finding the right insurance professionals to fill roles like licensed sales agent, claims adjusters, underwriters, and account managers is crucial to maintaining a competitive edge. Let’s break down the most effective strategies.

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AMAXX

FEBRUARY 17, 2025

However, implementing strong communication strategies can significantly improve claim outcomes and reduce unnecessary legal battles. The 2014 Predictors of Worker Outcomes Study surveyed 4,800 injured workers across 12 states and found that fear of being fired was a major predictor of poor claim outcomes.

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Workers Comp Claim Workers Compensation Injury 66

Insurance Journal

NOVEMBER 21, 2024

Asbestos, a notorious carcinogen, was in widespread use throughout the 20th century – from building materials to brake pads and even fake snow on film sets including The Wizard of Oz and White Christmas. In the 1960s, a link was …

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Building Claim Liability 317

Insurance Journal

JANUARY 22, 2025

After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections of their roof membranes peeled back like blankets on a beach, exposing the buildings to water intrusion. Builders and commercial …

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Building Commercial Property Insurance Claim 263

AMAXX

JANUARY 6, 2025

” “I asked for surveillance on that claim, and they refused.” ” “Old claims need resolution.” The true goal is to establish a well-structured program that minimizes claims, expedites recovery, and ensures injured workers return to work promptly. ” “Supervisors need better training.”

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Workers Comp Building Workers Compensation Compensation 105

Neilson Marketing Services

NOVEMBER 4, 2024

Building a strong local presence requires three foundational elements: Well-Optimized Website: Your site should be user-friendly, clear, and focused on your unique insurance offerings. Google My Business (GMB) Profile: Claim and maintain your GMB page to boost your local search presence, especially on mobile.

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Insurance Broker Building Broker Broker-Agent 108

Property Insurance Centre

FEBRUARY 24, 2025

How a Liability Claim Can Ruin Your Business And How to Protect Yourself No matter how well you run your business, a single liability claim can have devastating consequences. The Financial Toll of a Liability Claim A lawsuit can lead to crippling legal expenses, compensation payouts, and increased insurance premiums.

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Liability Protection Claim Property Insurance 52

AMAXX

NOVEMBER 5, 2024

Successfully settling workers’ compensation (WC) claims can significantly reduce costs and streamline processes for employers and insurers. By adhering to a proven four-step process, organizations can consistently achieve better claim outcomes. Soft Tactics: These focus on empathy, personal outreach, and building rapport.

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Workers Compensation Compensation Claim Workers Comp 105

Solstice Insurance Broker

JANUARY 23, 2025

Brokers should advocate for clients year-round, assisting with claims and policy updates. By tailoring your guidance to fit their specific circumstances, you not only demonstrate your expertise but also build trust and rapport. This means assisting with any claims issues and answering coverage questions.

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Broker Out-Of-Pocket Insurance Broker Deductible 100

Triple-I: Homeowners Insurance

DECEMBER 5, 2024

President and CEO Mark Berven believes modern building codes could dramatically reduce their costly destructiveness. By contrast, fewer than one-third of hazard-prone jurisdictions have adopted modernized building codes, and some states such as Delaware and Alabama lack mandatory statewide building code systems entirely.

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Building Risk Casualty Insurance Premium 65

AMAXX

JANUARY 27, 2025

Legacy claims that linger unresolved. Use diagnostic questions to analyze your current WC program: Are claims reported within 24 hours? What is the status of open or legacy claims? Build a Strong Foundation Reforming WC begins with a solid framework. Lack of supervisor training. Poor communication with medical providers.

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Workers Comp Injury Workers Compensation Claim 94

Property Insurance Centre

SEPTEMBER 25, 2024

Top Building Insurance Pitfalls Here are some common pitfalls to avoid when getting building insurance in the UK: – Underinsuring. Insure your building at the amount that it will cost to rebuild it and not at the current market value when securing block of flats insurance. – Not considering inflation.

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Building Insurer Insured Insurance 52

Neilson Marketing Services

JANUARY 30, 2025

A well-crafted insurance agency website is an essential tool for building credibility, attracting potential clients, and converting leads. Trust is a key factor in insurance sales, and content that tells a story, rather than just listing services, builds credibility and fosters client relationships.

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Insurance Agency Insurer Insured Insurance 93

AMAXX

APRIL 10, 2025

In the complex world of workers compensation, risk managers play a vital role in aligning strategic oversight with day-to-day claims operations. Far from being a behind-the-scenes figure, a successful risk manager serves as the linchpin between claims administration, adjusters, and injury management teams.

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Workers Comp Risk Workers Compensation Injury 59

Prof. Allan Manning

FEBRUARY 28, 2024

In the claims we are handling we are seeing more and more that the Indemnity Period runs out before the business returns to normal. The shortage of builders and building materials. This is due to a number of issues including but not limited to: Inordinate delays by local councils granting approvals.

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Claim Building Risk Policy 130

HBW Leads

MAY 23, 2024

A Guide for Insurance Agency Owners Training New Agents As an insurance agency owner, one of the most crucial skills you can teach your new agents is effectively building rapport with clients over the phone. Building rapport helps establish the trust needed for clients to feel confident in your agency’s ability to meet their needs.

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Building Agents Insurance Agency Insurance Industry 52

Agency Revolution

APRIL 17, 2025

But dont forget client milestones like renewals, anniversaries, birthdays, claims follow-ups, the list goes on. Staying true to your agency’s style helps build trust and reliability, making clients feel supported and valued. Its what builds relationships and fosters loyalty. Ongoing support and assistance are key.

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Insurance Agency Building Claim Policy 52

The Property Insurance Law Observer

AUGUST 22, 2024

This prompted the insured to submit a claim. For the purpose of this Additional Coverage – Collapse, abrupt collapse means an abrupt falling down or caving in of a building or any part of a building with the result that the building or part of the building cannot be occupied for its intended purpose. 629 F.Supp.2d

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Building Commercial Property Damage Policy 130

Distinguished

MARCH 6, 2025

Other notable issues include illegal conversions where garages, basements, or other spaces are converted into living areas without proper permitswhich are particularly common in older buildings. After a report is filed, an inspector from the Los Angeles Housing Department or Building and Safety is dispatched to evaluate the situation.

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Building Damage Insurance Broker Underwriter 59

Property Insurance Coverage Law

JANUARY 14, 2025

John Putnam wrote an article warning about the dangers of smoke following wildfires, titled, Wildfire Smoke Claims: A Hidden Postwildfire Catastrophe. I made similar warnings in Wildfires Leave Dangerous Health Risks In Surviving Buildings. Putnams article gets right to the point: Where there is fire, there is smoke!

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Property Insurance Building Claim Risk 100

Property Insurance Centre

JULY 21, 2024

Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024 We are delighted but not surprised to announce that our claims partner, Aspray, has won the prestigious “Loss Assessor of the Year 2024” award at the British Claims Awards.

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Claim Property Damage Building Property Insurance 52

The Property Insurance Law Observer

SEPTEMBER 16, 2024

Background In November 2019, West American [1] issued an insurance policy providing coverage for the Insured’s commercial shop buildings. In 2021, the Insured, through its public adjuster, filed a claim under the property policy, alleging that a May 2020 hailstorm caused significant damage to the roofs of two buildings.

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Insurance Companies Damage Insurer Insured 130

Distinguished

APRIL 9, 2025

Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. Many traditional carriers want to enter these markets but lack the time or resources to build an in-house underwriting team. For instance, if a client walks into a typical brokerage in the U.S.,

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Agents Broker-Agent Broker Underwriter 52

Prof. Allan Manning

MARCH 11, 2024

Could you advise why the Steadfast Wording requires a sub-limit for Unabandoned Undamaged Portion of a Building. Abandoned Undamaged Portion of a Building is yet another extension which is there for the benefit of the Insured. The following question was asked of one of the LMI team who intern asked me to address it.

Building 130

Building Damage Premium Risk 130

Protect Commercial Insurance

JANUARY 10, 2025

. – Speed and Efficiency : Dealing with complex commercial property insurance claims becomes easier when partners streamline processes and expedite responses. Building Reputation and Credibility When brokers build successful referral partnerships, they bolster their reputation and credibility.

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Building Broker Commercial Property Insurer 52

Property Insurance Centre

MARCH 21, 2025

Growing Property Market with Diverse Building Types Manchester has seen rapid urban development, especially in areas like Ancoats, Salford Quays, and Deansgate, with a mix of modern high-rises and older converted mills. Insurers may want clear information on who is arranging the policy and responsible for claims.

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Premium Insurer Insured Insurance 52

Scott Insurance

FEBRUARY 19, 2025

If heavy machinery is used in proximity to the existing apartment buildings, it raises the potential for accidents or property damage. This increases costs and can even lead to insurer disputes in the event of a claim if the insurers disagree on whose insured property was damaged. Consider a scenario where a rehab is underway.

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Underwriter Underwriting Insurer Insured 52

Distinguished

MARCH 19, 2025

For buildings constructed before June 13, 1979, strict rent control laws apply. These include unstable buildings, unsafe stairways, or poorly maintained common areas like balconies and porches. Once a report is filed, the Department of Building Inspection (DBI) conducts an inspection. First, there are Rent Control Violations.

Building 52

Building Broker Damage Insurance Broker 52

Mark Jackson Insurance Agency

JULY 8, 2024

However, amidst the excitement, it's crucial to undertake precautions to avoid common pitfalls that could lead to home insurance claims. This can lead to significant water damage, a common cause of home insurance claims. By following a few key tips, homeowners can ensure their renovation process is not only smooth, but also secure.

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Home Insurance Insurance Claim Claim License 52

American Agents Alliance

AUGUST 27, 2024

Building brand loyalty, the degree to which an individual will continue working with you regardless of price or other factors, is essential for business success. Build Relationships : Use their first name and be friendly. Segmentation Strategy As a retail insurance agent, segmentation is crucial to building loyalty with your insureds.

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Building Insurer Insured Insurance 45

American Agents Alliance

JULY 17, 2024

Every part of the insurance lifecycle is changing in the digital age, including the handling of claims. Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers.

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Broker-Agent Broker Agents Claim 52

PSM Brokerage

JANUARY 22, 2025

Leveraging local SEO and other targeted marketing techniques can help you attract high-quality leads, build trust, and grow your business efficiently. Why Local Marketing Matters for Insurance Agents Local marketing is the cornerstone of building a thriving business within your community. Make sure its tailored to your local audience.

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Insurance Agents Insurance Agent Agents Insurer 52

Distinguished

MARCH 21, 2025

If these conditions arent met, the building can be cited for a violation. Structural issues including unstable porches, broken stairs, damaged roofs, or cracked wallscan compromise the safety of a building. A housing inspectorusually from the Department of Buildings (DOB) or Public Healthwill then inspect the property.

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Building Insurance Broker Broker Damage 52