This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
iink, a provider of technology to streamline the propertydamageinsuranceclaims process and support faster payments to contractors, property owners, and claim professionals, is pleased to announce the appointment of Scott Fleszar as its new Chief Executive Officer. Mr. …
Insurance affordability in Georgia is dwindling as claim frequency and insurer costs soar, according to the latest issue brief from Insurance Information Institute (Triple-I), Trends and Insights: Georgia Insurance Affordability. Injury claim severity in the state is slightly higher than in the rest of the country.
Shield Insurance Blog | Small InsuranceClaims | Contact Our Sales Team! Small InsuranceClaims Can Raise Premiums Small insuranceclaims, such as those for minor propertydamage, may seem like a hassle to deal with. Additionally, small claims often require you to pay a deductible.
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.
Specifically, the Court affirmed that the duty to submit to an EUO, as included in the insurance policy, applied only to a “named insured” and not an “insured person” and, as such, the named insured’s son failure to comply did not constitute a material breach of the insurance policy.
One of the primary reasons for the 2025 California car insurance increase is legislative. On January 1, 2025, California raised its minimum liability insurance requirements, nearly doubling the mandatory coverage for bodily injury and propertydamage.
Learn about discovery and coverage issues and cases involving damages to construction projects and the ways to prove who was at fault. Read now » Related Content Design and Construction Defect Claims: Overview and Defense Strategies Discover the basics of a defect claim against a designer or contractor.
Learn about discovery and coverage issues and cases involving damages to construction projects and the ways to prove who was at fault. Read now » Related Content Design and Construction Defect Claims: Overview and Defense Strategies Discover the basics of a defect claim against a designer or contractor.
The no-fault system was designed to streamline the claims process, reduce the burden on courts, and ensure that accident victims receive compensation more quickly. Think about it—if your insurance is responsible for your expenses regardless of fault, you’re not stuck waiting for an at-fault driver’s insurance to approve or deny your claim.
Knowing exactly what to do after a car accident can make all the difference in ensuring a smooth claims process, protecting your rights, and, most importantly, keeping everyone safe. In many states, you’re required to file a police report for accidents that involve injuries or significant propertydamage.
Learn about issues that can arise for insureds and insurers when insurance policies of various durations are called upon to answer for claims and when multiple insurance policies may also apply. Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.
It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. Leads to confusion and potential gaps in coverage.
Long-term Financial Benefits While the upfront cost of commercial insurance might seem high, consider the long-term savings and financial security it provides. Without insurance, your business could face catastrophic financial loss from propertydamage, theft, or a lawsuit.
Propertydamage: Burst pipes and malfunctioning sprinkler systems can result in substantial water damage to a building’s structure, interior, and equipment, incurring significant repair costs. Failure to uphold a functional sprinkler system can lead to legal compliance problems, fines, and penalties.
When buying boat insurance, you will have the opportunity to select your coverage options. Bundle discounts may be available when purchasing multiple lines of insurance through the same provider. Zero Claims. Some providers offer discounts for individuals who have not previously filed a boat insuranceclaim.
From the catastrophic floods in Carlisle in 2005 to the more recent deluge in London in 2021, businesses in flood-prone areas have faced disruption, financial losses, and complex insuranceclaims. This article explores the intricacies of commercial flood insurance in the UK, highlighting regional variations, challenges, and solutions.
Unpredictable weather events and the rise in natural catastrophes pose significant challenges for the propertyinsurance industry. Insureds are facing substantial property losses, leading to increased financial burdens. Labour Costs and Insurance Premiums Labour costs are another significant factor affected by inflation.
For example, if an insured’sproperty is valued at $1 million, but their coverage limit is $700,000 and their policy includes an 80% coinsurance clause, they would likely receive only $43,750 after incurring $50,000 in propertydamage from a covered event, depending on when their deductible is applied (700,000/800,000) x 50,000 = 43,750).
One of the first steps in obtaining commercial propertyinsurance is to determine the value of the property being insured. The reported property value will drive premium amounts and, importantly, represents the property loss exposure.
Heres how collaboration can enhance offerings in this field: – Comprehensive Coverage Packages : Partnership allows brokers to provide a full suite of insurance products. From propertydamage and liability to business interruption cover, clients get everything under one roof.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content