Insurance Journal

SEPTEMBER 9, 2024

AP) — An abandoned, 22-story building in Lake Charles, Louisiana — once an icon in the city that became a symbol of destruction from hurricanes Laura and Delta — was imploded Saturday after sitting vacant for nearly … BATON ROUGE, La. (AP)

Damage 278

Damage Building 278

Insurance Journal

SEPTEMBER 24, 2024

In July and August, a ballistic hailstorm tore through cars and buildings … An onslaught of four natural disasters caused C$7.1 billion ($5.3 billion) of insured losses across Canada in just two months — more than any other summer on record.

Damage 261

Damage Building Insured Insurance 261

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

Insurance Journal

MARCH 25, 2025

Earlier this month wind damaged the iconic Apex pyramid building in Pawtucket Rhode Island prominently visible from Interstate 95. Now, the city of Pawtucket has removed the remaining exterior panels of the iconic structure, leaving only the skeletal frame. Removal …

Building 130

Building Damage Commercial Property Property Insurance 130

Distinguished

MARCH 20, 2025

From devastating floods to slip-and-fall lawsuits, insuring apartment buildings is no simple task. In this guide, we break down the key coverages every apartment building owner needs, highlight common claims, and show you how to offer tailored solutions that keep your clients protected in an ever-changing market.

Building 52

Building Protection Damage Liability 52

Insurance Journal

SEPTEMBER 9, 2024

The landlord for a fire-damaged building leased to a Red Lobster restaurant is blaming the restaurant’s insurer for causing it to lose out on $1.2 million in fire insurance claims payments to repair the property. RL New Brunswick Owner LLC, …

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Claim Damage Insurance Claim Building 279

Insurance Journal

AUGUST 6, 2024

New Jersey officials are defending proposed building rules designed to limit damage from future storms and steadily rising seas in coastal areas, countering criticism that the state aims to force people away from the Jersey Shore by making it harder …

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Protection Damage Building 264

Property Insurance Coverage Law

AUGUST 30, 2024

An article by Sean Scott published this March in Restoration & Remediation Magazine, Cyanide Residues in Fire Damaged Buildings, made the following observation, which all property insurance adjusters and those involved with fire damage should be aware of: During a structure fire, toxic gases, acids, VOC’s, and a vast array of other hazardous chemicals (..)

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Property Insurance Damage Building Insured 203

Property Insurance Coverage Law

AUGUST 22, 2024

They are not building based on new plans but repairing already-built structures. Insurance restoration contractors have a lot on their plate.

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Property Insurance Damage Building Insurance Companies 203

Insurance Journal

JULY 16, 2024

The families of two construction workers killed when an airport hangar in Idaho collapsed are suing several companies that were involved in the building process, alleging the businesses recklessly cut corners and used inappropriate materials for the build. The private …

Building 258

Building Damage Liability 258

Insurance Journal

JULY 26, 2024

A massive wildfire in Northern California has destroyed an undetermined number of buildings and is threatening thousands or properties, prompting thousands of evacuations orders, as it continued to rage on Friday morning. The Park fire, which became the state’s largest …

Building 290

Building Damage Insurer Insured 290

Insurance Journal

AUGUST 12, 2024

The Colorado wildfire that tore through 15 square miles (39 square kilometers) and destroyed 48 buildings, over half of which were homes, was human-caused, investigators said. The Alexander Mountain Fire burning near Loveland, about an hour’s drive north of Denver, …

Building 270

Building Property Insurance Damage Insurer 270

Insurance Journal

NOVEMBER 4, 2024

OKLAHOMA CITY (AP) — Severe storms and tornadoes battered Oklahoma early Sunday, tossing cars and ripping roofs off buildings in the middle of the night and leaving tens of thousands of homes and businesses without power. Among numerous injuries, 11 …

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Injury Building Damage 244

The Property Insurance Law Observer

AUGUST 22, 2024

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. LEXIS 127718 (D. 629 F.Supp.2d 2d 1185 (D.

Building 130

Building Commercial Property Damage Policy 130

The Property Insurance Law Observer

SEPTEMBER 16, 2024

The 6th Circuit held that the property policy’s cosmetic damage exclusion applied to bar coverage because the insured, J&S Welding, Inc. Insured”), failed to disclose or produce any expert evidence to rebut the conclusions of the West American’s three experts, who determined the roof’s damage was merely cosmetic.

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Insurance Companies Damage Insured Insurer 130

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.

Building 65

Building Risk Casualty Insurance Premium 65

Property Insurance Centre

FEBRUARY 10, 2025

Whether you own an office building, a retail store, a warehouse, or a manufacturing facility, this type of coverage safeguards your physical assets, ensuring financial stability in the face of damage or loss. ” If a peril is explicitly listed in the policy, the insurer will cover the damage it causes.

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Commercial Property Property Insurance Commercial Boiler and Machinery 52

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.

Building 52

Building Insured Insurer Insurance 52

Shield Insurance Agency

MARCH 31, 2025

Running a warehouse in Michigan involves managing a variety of risks, from property damage to employee injuries. Warehouse Operations in Michigan: A Risk Landscape Warehouses face a unique set of risks, including damage to goods, equipment breakdown, and liability issues. This is where commercial insurance comes in.

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Commercial Insurance Commercial Insurance Agency Injury 52

Distinguished

MARCH 6, 2025

Along with this, mold and water damage often due to leaking pipes, poor ventilation, or roof damageposes serious health hazards if not promptly repaired. After a report is filed, an inspector from the Los Angeles Housing Department or Building and Safety is dispatched to evaluate the situation. Pest infestations are also widespread.

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Building Damage Insurance Broker Underwriter 59

Distinguished

MARCH 19, 2025

For buildings constructed before June 13, 1979, strict rent control laws apply. Mold & Water Damage are also major concerns; leaks or excessive moisture can lead to mold growth that poses health risks. These include unstable buildings, unsafe stairways, or poorly maintained common areas like balconies and porches.

Building 52

Building Broker Damage Insurance Broker 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

The Property Insurance Law Observer

AUGUST 1, 2024

As a result of a storm, rainwater accumulated on multiple roof areas, and eventually seeped inside, causing damage to the building and property within. Background The insurers issued commercial property policies that provided coverage for a hospital.

Commercial Property 130

Commercial Property Damage Policy Commercial 130

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 Insured Insurer 52

Distinguished

MARCH 21, 2025

If these conditions arent met, the building can be cited for a violation. Other issues include mold and water damage often due to unrepaired leaks or excessive moisturewhich can create an unhealthy environment. A housing inspectorusually from the Department of Buildings (DOB) or Public Healthwill then inspect the property.

Building 52

Building Insurance Broker Broker Damage 52

Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk.

Workers Compensation 52

Workers Compensation Liability Property Damage Inland Marine Insurance 52

Distinguished

MARCH 20, 2025

For instance, problems with roofs and exterior wallssuch as cracks, leaks, or deteriorating materialscan weaken a buildings overall integrity, while foundation issues like uneven or shifting bases create serious safety hazards. In Philadelphia, housing code violations generally fall into a few key categories.

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Broker License Insurance Broker Risk 52

The Property Insurance Law Observer

MAY 21, 2024

On January 2, 2019, a real estate broker arrived at the house and discovered extensive water damage. It was later determined that the damage occurred when a second-floor radiator pipe had frozen and burst. Plaintiff, who had left for an extended vacation a month prior, notified Leatherstocking of the loss.

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Policy Damage Insurance Carrier Insurance Companies 130

Protect Commercial Insurance

APRIL 11, 2025

Image courtesy: Unsplash Definition and Overview Commercial property insurance is a type of insurance designed to protect your business premises and the contents within from loss or damage. Here’s why it’s crucial: – Financial Protection : In the event of loss or damage, the costs can be exorbitant.

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Commercial Property Property Insurance Commercial Insured 52

The Property Insurance Law Observer

FEBRUARY 14, 2024

The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. The insurer paid only a portion of the claim because it maintained that the tornado that struck and damaged the property was a “windstorm” and, therefore, the claim was subject to the policy’s “Windstorm or Hail Deductible.”

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Policy Deductible Damage Property Damage 130

Protect Commercial Insurance

JANUARY 10, 2025

From property damage and liability to business interruption cover, clients get everything under one roof. Building Reputation and Credibility When brokers build successful referral partnerships, they bolster their reputation and credibility. A strong network indicates reliability and solid industry standing.

Building 52

Building Broker Commercial Property Insured 52

Distinguished

MARCH 17, 2025

If a buildings indoor temperature falls below the legal minimum, it not only causes discomfort but also attracts fines. Then we have mold and water damage , often stemming from persistent leaks and damp conditions in older buildings. Another common violation is pest infestations.

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Broker Insurance Broker Building Underwriter 52

Risk Management Monitor

AUGUST 30, 2021

Striking on the same date that Hurricane Katrina devastated the region 16 years ago, Ida caused significant wind damage, storm surge and flooding in Louisiana and Mississippi and has left 1 million homes and businesses without power, including the entire city of New Orleans.

Risk 74

Risk Damage Building Business Interruption 74

Property Insurance Centre

MARCH 11, 2025

Greater Risk of Fire and Cladding Issues Following Grenfell Tower , insurers are more cautious about buildings with cladding, especially in London, where many high-rises have fire safety concerns. Unoccupied flats pose risks like water damage and squatting, which insurers consider when pricing policies.

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Risk Insured Insurer Insurance 52

Property Insurance Centre

FEBRUARY 24, 2025

From financial losses to reputational damage, legal battles, and even the risk of shutting down, the impact can be severe. Damage to Reputation and Customer Trust A liability claim can do more than drain your financesit can destroy your reputation.

Liability 52

Liability Protection Claim Property Insurance 52

Wren Insurance Agency

SEPTEMBER 3, 2024

It's also important to know that a flood insurance plan covers only up to a maximum of $250,000 in building damage and $100,000 in contents coverage for a residential dwelling, while commercial structures can be insured up to $500,000 for the building and an additional $500,000 for contents.

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Insured Insurer Insurance Policy 84

Boyle Agency Insurance

FEBRUARY 3, 2025

It provides coverage for property damage and theft of building materials during the renovation process. Builder’s Risk Insurance For major renovations or construction projects, builder’s risk insurance can be invaluable. This coverage safeguards your investment from unexpected setbacks.

Home Insurance 45

Home Insurance Theft License Insured 45