Bankers Insurance

MAY 16, 2024

These policies can provide critical financial security as homeowners seek to protect their fiscal stability and property. The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. 3 or 5 years).

Home Insurance 52

Home Insurance Policyholder Insurance Insurer 52

LexisNexis

JANUARY 28, 2025

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.

Commercial General Liability 40

Commercial General Liability General Liability Property Damage Injury 40

LexisNexis

JANUARY 28, 2025

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.

Commercial General Liability 40

Commercial General Liability General Liability Property Damage Injury 40

Hunton Andrews Kurth

JULY 20, 2023

The decision underscores the importance of coordination of different coverages and policies across insurance programs, as well as the potential perils policyholders may face if forced to seek recovery for certain losses under non-traditional policies. In any event, the ruling is a mixed bag for policyholders.

Commercial General Liability 40

Commercial General Liability General Liability Injury Property Damage 40

Bankers Insurance

AUGUST 8, 2024

Most commercial property insurance policies include coinsurance clauses, which encourage policyholders to carry reasonable and accurate coverage amounts. Under a coinsurance clause, a policyholder faces a penalty — usually a reduced payout — if their coverage limit is not at least equal to a predetermined percentage (e.g.,

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Property Insurance Centre

JANUARY 4, 2024

Unpredictable weather events and the rise in natural catastrophes pose significant challenges for the property insurance 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.

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

Distinguished

NOVEMBER 7, 2024

Principal’s Default: A claim under a surety bond arises only upon the default of the principal. While both serve as risk management tools, their operational mechanisms, purposes, and the way claims are handled differ significantly. Importantly, if the surety pays out a claim, they will seek reimbursement from the principal.

Claim 52

Claim Compensation Risk Broker-Agent 52

Cover4LetProperty

OCTOBER 10, 2022

The broker’s job is to bring that – and other elements like it – to the attention of a potential policyholder to provide them with informed choices. What does let property insurance cover offer by way of protection? If a let out a spare room, where do I stand as far as home insurance is concerned?

Insurance 52

Insurance Insurer Insured Property Insurance 52

Risk Management Monitor

SEPTEMBER 30, 2022

To the north, post-tropical storm Fiona inflicted catastrophic damage across parts of eastern Canada last week, causing devastating property damage and leaving hundreds of thousands of Canadians without power. In the meantime, take photos of the damage and do whatever you can to mitigate further damage.

Damage 75

Damage Claim Broker-Agent Risk 75

LexisNexis

NOVEMBER 19, 2024

On July 1, the Florida Legislature reduced the time to bring a claim for construction defects from 10 years to seven years. Because of the reduction in time, many condominiums and townhome communities may not discover construction defects until after claims are barred.

Claim 40

Claim Property Damage Injury General Liability 40

LexisNexis

DECEMBER 10, 2024

Generally, an insured's work product is not covered, but defective workmanship that causes property damage is covered. This survey covers state law on the issue of faulty workmanship as an occurrence for purposes of coverage determination under a commercial general liability (CGL) policy.

General Liability 40

General Liability Liability Commercial General Liability Liability Insurance 40

The Property Insurance Law Observer

APRIL 1, 2025

The insured submitted a claim to its insurer seeking coverage for the loss under the subject builders risk policy. In relevant part, the policy contained the following language: PERILS COVERED We cover risks of direct physical loss or damage unless the loss is limited or caused by a peril that is excluded.

Damage 130

Damage Policy Insurance Policy Risk 130