Insurance Journal

NOVEMBER 25, 2024

Along with the rising cost of living in many facets of families’ daily lives, property insurance availability and affordability continue to be a challenge across the U.S. Inflation has been persistently increasing repair, labor, and medical costs. And legal system …

Premium 264

Premium Property Insurance Insured Insurer 264

The Property Insurance Law Observer

OCTOBER 16, 2024

In the recent decision Universal Property & Casualty Insurance Co. The court emphasized that under both the insurance policy’s plain language and Florida Statute §627.7011(3)(a), payment of replacement cost value is contingent upon the actual completion of repairs.

Property Insurance 130

Property Insurance Damage Casualty Insurance Policy 130

The Property Insurance Law Observer

AUGUST 22, 2024

Hartford Casualty Insurance Co. , 2009) (noting that the collapse provision is ambiguous, but the “clear modern trend” is to hold that collapse coverage provisions provide coverage if there is substantial impairment of the structural integrity of any part of the building); Jemiola Trustee of Edith R. Jemiola Living Trust v.

Building 130

Building Commercial Property Damage Policy 130

Insurance Journal

OCTOBER 9, 2024

Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and low-balled policyholders, Florida’s chief financial officer has issued an emergency rule barring similar actions in Hurricane Milton claims. “Any move …

Policyholder 290

Policyholder Claim Damage Insured 290

Insurance Journal

OCTOBER 24, 2024

Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the Global Insurance Market …

Commercial Insurance 290

Commercial Insurance Commercial Insurer Insured 290

Prof. Allan Manning

MARCH 5, 2024

I read this morning that the NSW Fire and Rescue have today reported that there have been 45 fires directly related to lithium batteries since the beginning of the 2024 year. Sadly also two people have lost their lives in the fires and possibly a third yet to be confirmed.

Risk 130

Risk Business Interruption Casualty Insurance Property Insurance 130

Prof. Allan Manning

APRIL 7, 2024

The 2024 Mansfield Awards for Claims Excellence are just over 3 months away and we could really do with your help with ensuring the best of the best win. If you have had a claim yourself or are an adviser who has had a client or clients have a claim, we would really appreciate your taking a few minutes to rate the claims service.

Claim 130

Claim Insurance Industry Business Interruption Insurer 130

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Learn More: Triple-I Issues Brief: Legal System Abuse Agents Play Critical Role in Navigating Impacts of Legal System Abuse on Customers Legal System Abuse/Social Inflation Adds Costs and Challenges for US Casualty Insurance: AM Best Who’s Financing Legal System Abuse?

Out-Of-Pocket 64

Out-Of-Pocket Broker-Agent Premium Claim 64

Prof. Allan Manning

JULY 5, 2023

Just a reminder that there is only 3 weeks to go before the 2023 Mansfield Awards, which is now in its 7th year! The awards night will be held at The Establishment Ballroom, located at 252 George St, Sydney. The function starts at 6pm, with the awards portion running for approximately 1 hour, during which 6 awards will be presented.

Claim 130

Claim Casualty Insurance Insurance Claim Insurance Industry 130

Majesco

APRIL 11, 2024

US commercial Property and Casualty insurers have obtained incredibly high results in avoiding water, non-weather losses, using IoT solutions for risk prevention. If you find a way to reduce the amount of expected losses, this is the game changer. There are some positive things that emerged during 2023 regarding risk prevention.

Commercial Property 40

Commercial Property Risk Claim Deductible 40