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Court Addresses Whether Rainwater Accumulation on Roof Constituted “Surface Water”

The Property Insurance Law Observer

In Zurich American Insurance Company v. Medical Properties Trust, Inc. Background The insurers issued commercial property policies that provided coverage for a hospital. 2024 WL 3504060 (Mass.

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

The Property Insurance Law Observer

Harleysville Insurance Company , 2024 WL 3792261 (D. 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. In Life Skills, Inc.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

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. To offset these challenges, reinsurers are passing costs down to primary insurance companies.

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Understanding Consumer Education and Property Insurance

Property Insurance Centre

Insurance companies should prioritize consumer education to build trust and ensure policyholders understand their rights and responsibilities. ” Preventing Claims Disputes through Education One of the main benefits of insurer-led consumer education is the prevention of claims disputes.