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Does a sagging floor constitute a “collapse”? Court finds ambiguity in “collapse.”

The Property Insurance Law Observer

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. During the policy period, the insured’s floor “sunk” between eight to 12 inches. Hartford Casualty Insurance Co. ,

Building 130
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2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Persist

Triple-I: Business Insurance

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. for 2022, up 1.2 We forecast 2022 P&C premium growth of 8.5

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Group Captives Offer Cost-Sensitive Companies Opportunities to Savein Face of Inflation

Triple-I: Workers Compensation

“The lines of coverage written typically are those with more predictable losses, such as workers compensation, general liability, and automobile liability and physical damage.” Group captives can provide a viable way to protect companies across several lines of casualty insurance.

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The Pressures of Operational Optimization

Majesco

There is inflation and its pressure on claims costs, whether it’s medical or it is physical damage to homes and businesses. Some customers can’t afford their insurance and they are decreasing the amount of insurance they have or not purchasing it all together. We have challenges from a macroeconomic perspective.

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Recall Roundup: June

Hunton Andrews Kurth

In Discover Property & Casualty Insurance Co. Blue Bell Creameries USA, Inc. Travelers asserts that the general liability policies expressly exclude the kinds of intended injury, willful misconduct, impaired property, and product recalls at issue in the shareholder suit.

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How Tariffs AffectP&C Insurance Prospects

Triple-I: Homeowners Insurance

Property and casualty insurers are no less concerned, as the cost of repairing and replacing damaged property is a driver of claim costs and, ultimately, policyholder premiums. Tariffs and threats of tariffs have been roiling financial markets since January.