My New Markets
Insurance Journal
OCTOBER 6, 2024
Multi-Family Commercial Property Program Market Detail: Amalgamated Insurance Underwriters offers a commercial property program for hard to place multi-family habitational/commercial properties.
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Court Permits Parties to Cure Defective Diversity Jurisdiction in Suit Against Underwriters at Lloyd’s
The Property Insurance Law Observer
JUNE 13, 2024
Certain Underwriters at Lloyd’s, London, et al. 2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy.
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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines
Triple-I: Homeowners Insurance
OCTOBER 10, 2024
property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. points year-over-year improvement, with commercial lines continuing to outperform personal lines. represented a 2.3-points
What Agents Should Know About Tariffs and Insurance Costs
American Agents Alliance
APRIL 3, 2025
This could cause higher rates in commercial property and homeowners lines. Many industries are feeling the uncertainty of tariffs and changing trade policies, which can make underwriting more challenging and pricing less certain. This could create the need for frequent rate changes, adding to consumer uncertainty.
Does a sagging floor constitute a “collapse”? Court finds ambiguity in “collapse.”
The Property Insurance Law Observer
AUGUST 22, 2024
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. Underwriters at Lloyd’s, London , 2012 WL 2020168 (D. In Life Skills, Inc. Harleysville Insurance Company , 2024 WL 3792261 (D.
Understanding Multi-Family Property Insurance in California.
Jackson & Jackson
MAY 22, 2024
Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It covers property damage, loss of income, liability claims, etc.
Proactive Tips for Businesses Facing Hail Damage Claims
Risk Management Monitor
AUGUST 9, 2022
Many commercial property policies contain provisions that any lawsuit against an insurer must be filed within one year following the “inception of loss,” otherwise it is barred. In 2018, the 5 th Circuit Court of Appeals took things a step further in Certain Underwriters at Lloyd’s of London v. Lowen Valley View, L.L.C.
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