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California OKs Increase in FAIR Plan Commercial Property Coverage Limits

Insurance Journal

California Insurance Commissioner Ricardo Lara approved a filing from the California FAIR Plan Association to increase commercial property coverage limits. Related: New Fire Maps Put Nearly 4M Californians in Hazardous Zones The approval increases the FAIR Plan’s Division I Commercial

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Does Commercial Property Insurance Cover Water Damage?

Tosten Marketing

Water damage can wreak havoc on commercial properties, leading to costly repairs and business disruptions. At Tosten Marketing, we often hear from business owners wondering about their insurance coverage for such incidents. Commercial property insurance water damage coverage is a complex topic with many nuances.

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What Perils Are Covered by Commercial Property Insurance?

Property Insurance Centre

What Perils Are Covered by Commercial Property Insurance? Commercial property insurance is essential for businesses to protect their assets from unforeseen events. But what exactly does commercial property insurance cover?

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Bad Faith and Vexatious Refusal in Missouri

Property Insurance Coverage Law

It ensures that insurance companies fulfill their obligations promptly and fairly. The concept of vexatious refusal to pay is a critical safeguard for Missouri policyholders.

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Bad Faith and Vexatious Refusal in Missouri

Property Insurance Coverage Law

It ensures that insurance companies fulfill their obligations promptly and fairly. The concept of vexatious refusal to pay is a critical safeguard for Missouri policyholders.

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Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

Hawley Insurance Co. 2025)), the United States District Court for the Southern District of New York determined that the plaintiff lacked an insurable interest in property it insured because it did not own or possess the property or suffer economic loss due to the propertys destruction. Hawley Insurance Co.

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Louisiana Citizens Ends Assessment on Property Policies Ahead of Schedule

Insurance Journal

The Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) Board of Directors voted last week to end the 1.36% assessment it makes on all residential and commercial property insurance policies in the state in April of this year. The assessment, which …

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