The Property Insurance Law Observer

MARCH 20, 2025

Consequently, the plaintiff was not entitled to indemnity for damage to the property it purported to insure under a commercial property insurance policy. [1] Conclusion The ruling in Ram Krishana serves as a critical reminder that policyholders must have a valid insurable interest in properties they seek to insure. Hawley Insurance Co.

Property Damage 130

Property Damage Damage Insurer Insurance 130

American Agents Alliance

APRIL 3, 2025

While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders. Read more to understand this relationship and how agents can help policyholders manage this uncertainty. This could cause higher rates in commercial property and homeowners lines.

Agents 52

Agents Policyholder Premium Auto Insurance 52

Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

Tort reform is discussed as a legislative solution to the challenge of legal system abuse excessive policyholder or plaintiff attorney practices that increase costs and time to settle insurance claims. According to IRC, the rate for private passenger litigation in Georgia is nearly three times that in the median state.

Commercial General Liability 89

Commercial General Liability Commercial Umbrella Claim Liability 89

Cowbell

MARCH 30, 2025

With each expansion, we refine our underwriting models in real-time, anchoring our promise to swiftly pay claimsover $250 million disbursed to datewhen policyholders need us most. These deployments supercharge data-driven underwriting, expedite claims management, and deliver real-time insights for brokers and policyholders worldwide.

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Cyber Underwriter Underwriting Policyholder 64

Property Insurance Coverage Law

SEPTEMBER 10, 2024

Resolving disputes through appraisal or arbitration may be, but is certainly not always, less costly and efficient.

Business Interruption 203

Business Interruption Commercial Property Insurance Policy 203

Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. In fact, an estimated 75% of commercial properties are underinsured by 40% or more, according to industry data.

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Protect Commercial Insurance

JUNE 27, 2024

Introduction Navigating the world of commercial insurance can often feel like walking through a dense fog of myths and misconceptions. Unfortunately, the abundance of myths surrounding commercial insurance may lead many business owners to make decisions that are not in their best interest. This is far from the truth.

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Commercial Insurance Commercial Cyber Business Interruption 52

Protect Commercial Insurance

MAY 13, 2021

The following 5 Permissions are necessary if you’re advising or transacting on Commercial Insurance 1. For example, helping a potential policyholder to fill in a proposal form or introducing a customer to another intermediary, either for advice or to help arrange an insurance policy. first appeared on Protect Commercial Insurance.

Commercial Insurance 52

Commercial Insurance Commercial Insurer Insurance 52

Property Insurance Coverage Law

NOVEMBER 2, 2024

As the traditional insurance market continues to harden, policyholders are increasingly exploring parametric hurricane insurance as a complement and sometimes a substitute to their existing property insurance coverage.

Property Insurance 130

Property Insurance Policyholder Insurer Insurance 130

Protect Commercial Insurance

DECEMBER 6, 2024

Introduction The world of commercial insurance is constantly evolving, adapting to meet the changing needs of businesses. Whether you’re a small business owner, an industry leader, or just curious about the future, understanding these key trends will be essential in navigating the commercial insurance world.

Commercial Insurance 52

Commercial Insurance Commercial Insurer Insurance 52

Paragon Independent Insurance Agencies

JUNE 14, 2024

Filing a commercial claim is a complex and daunting process, especially for business owners unfamiliar with the ins and outs of insurance policies. If the policyholder makes mistakes during the claims process, it can lead to delays, denials, or underpayment of claims, which can significantly impact a business’s financial stability.

Commercial Insurance 40

Commercial Insurance Commercial Insurance Claim Claim 40

Property Insurance Coverage Law

NOVEMBER 24, 2024

Insurance policies that provide broad coverage across multiple items or locations can be a policyholder’s best friend. A recent federal court decision in Louisiana 1 highlights the complexities in determining whether a policy provides blanket or scheduled coverage – a distinction that can significantly impact claim payments.

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LexisNexis

APRIL 1, 2025

Read now » Related Content Builders Risk Insurance and Its Use in Construction Projects Discover the unusual characteristics of builders risk insurance and how features of the coverage differentiate it from other commercial policies that can afford some, but not identical, protection to the policyholder.

Commercial General Liability 40

Commercial General Liability General Liability Commercial Liability 40

Triple-I: Business Insurance

JUNE 8, 2022

With this in mind, 73 percent of policyholders said they consider climate change one of their primary concerns, compared with 40 percent of insurers. “Insurers who prioritize focus on sustainability will be making smart long-term business decisions that will positively impact their future relevance and growth.

Policyholder 40

Policyholder Risk Underwriter Underwriting 40

Protect Commercial Insurance

JANUARY 21, 2021

The updated key takeaways for policyholders are as follows: 1: Notifiable Disease: cover will be available under all of the Notifiable Disease extensions considered by the Supreme Court for losses caused by the wider COVID-19 pandemic. Protect Commercial Team.

Business Interruption 52

Business Interruption Policyholder Claim Commercial 52

Property Insurance Centre

MARCH 19, 2024

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes. By exploring these guides, individuals can gain a comprehensive understanding of why insurance is essential.

Property Insurance 52

Property Insurance Policyholder Insurer Insurance 52

American Agents Alliance

NOVEMBER 9, 2024

Independent P&C agents and brokers who reside and work in this region must also know how to help policyholders manage earthquake risk. Learn more about how agents can help their policyholders manage earthquake risk in this blog. This coverage gap means agents must educate policyholders to help ensure they have adequate protection.

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Agents Risk Broker-Agent Policyholder 40

Zywave

NOVEMBER 5, 2024

Discover how Zywave's suite of cyber solutions can help brokers and insurers educate policyholders, reduce risk and maximize profitability. It's time to strengthen your cyber skillset.

Cyber 52

Cyber Policyholder Broker Risk 52

LexisNexis

JANUARY 28, 2025

Insuring Construction Risks through Commercial General Liability Policies Scrutinize the risks covered by the commercial general liability (CGL) policy and how to specify in a construction contract the insurance to be obtained so that coverage for construction risks is maximized.

Commercial General Liability 40

Commercial General Liability General Liability Property Damage Injury 40

LexisNexis

JANUARY 28, 2025

Insuring Construction Risks through Commercial General Liability Policies Scrutinize the risks covered by the commercial general liability (CGL) policy and how to specify in a construction contract the insurance to be obtained so that coverage for construction risks is maximized.

Commercial General Liability 40

Commercial General Liability General Liability Property Damage Injury 40

Protect Commercial Insurance

FEBRUARY 10, 2022

Whilst we’re predominantly a commercial insurance broker, the new ruling affects our high-value household policies. During th e term of cover, at any time a policyholder may opt-out of auto-renew. first appeared on Protect Commercial Insurance.

Premium 52

Premium Broker Commercial Insurance Commercial 52

Cowbell

NOVEMBER 26, 2024

He will work directly with the sales, product, and leadership teams to ensure alignment with business objectives, fostering broker and policyholder engagement, and spearheading innovative campaigns that reinforce Cowbell’s position as a leader in cyber insurance.

Cyber 52

Cyber Building Commercial Insurance Policyholder 52

Distinguished

MARCH 20, 2025

These cases often focus on whether an insurer is required to cover damages when a policyholder has violated housing codes or other regulations. Yes, several legal precedents have shaped how housing violations impact insurance coverage.

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Broker License Insurance Broker Risk 52

Property Insurance Centre

JANUARY 4, 2024

With higher rates and greater net participations, primary insurers face challenges in balancing affordability for policyholders while maintaining the necessary coverage to protect against risks. This helps to mitigate the risk of underinsured properties and ensures that policyholders have adequate coverage in place.

Property Insurance 52

Property Insurance Commercial Property Liability Insurer 52

Cowbell

JANUARY 13, 2025

We have prioritized market education, a crucial element in managing risk and fostering trust with our partners and policyholders. In 2025, we will elevate our joint efforts, unlocking new avenues for collaboration and setting new benchmarks for excellence in commercial insurance.

Cyber 52

Cyber Broker-Agent Commercial Insurance Underwriter 52

Zywave

NOVEMBER 6, 2024

By providing insights into limits and loss profiles for similar risks, together with bindable quotes, we’re leveraging our arsenal of propriety data to help educate brokers and address the coverage needs of their policyholder clients.” Comprised of over 400,000 insurance programs incepted by U.S.

Cyber 52

Cyber Broker-Agent Broker Commercial 52

Property Insurance Centre

JULY 21, 2024

Their comprehensive approach, combining expert knowledge, personalised service, and a keen attention to detail, has earned them a stellar reputation among policyholders and insurers alike. We look forward to continuing our mission of helping policyholders navigate the complexities of property damage claims with confidence and ease.”

Claim 52

Claim Property Damage Building Property Insurance 52

Majesco

FEBRUARY 15, 2024

Because reinsurers, mid and large market commercial and specialty lines companies have large numbers of complex risk items that require fast, dependable performance for rating calculations. When insurers routinely deliver on the promise of swift and accurate rating information to brokers and policyholders, they gain a competitive edge.

Policyholder 40

Policyholder Broker-Agent Risk Broker 40

Triple-I: Business Insurance

AUGUST 11, 2022

Kurtz , a principal and consulting actuary at Milliman, said another year of underwriting losses is likely for the commercial multi-peril line. Social inflation” refers to the impact of litigation costs on insurers’ claim payouts, loss ratios, and, ultimately, how much policyholders pay for coverage.

Underwriting 40

Underwriting Underwriter Workers Compensation Premium 40

Property Insurance Centre

NOVEMBER 11, 2024

Let’s have a look at them… Don’t claim for everything – One thing insurers do not like, is a policyholder that claims over multiple times a year & for the smallest thing. For example, many commercial buildings and retail business will often have large theft excesses applied, as a result of theft & malicious damage claims.

Insurer 52

Insurer Insurance Insured Premium 52

Hunton Andrews Kurth

JULY 20, 2023

As reported on Hunton’s Insurance Recovery Blog , the Fifth Circuit recently held that Blue Bell Creameries’ commercial general liability (CGL) insurers do not have a duty to defend the ice cream company in a shareholder lawsuit, which arose from a Listeria outbreak. In any event, the ruling is a mixed bag for policyholders.

Commercial General Liability 40

Commercial General Liability General Liability Injury Property Damage 40

Protect Commercial Insurance

OCTOBER 4, 2024

Underwriting involves evaluating risks and determining suitable premiums for policyholders. When interest rates climb, insurers might face higher operational costs themselves, which they sometimes pass on to policyholders through increased premiums.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insurer 52

Shield Insurance Agency

AUGUST 20, 2024

Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages. Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! However, filing small insurance claims can have long-term financial consequences.

Insurance Claim 52

Insurance Claim Claim Protection Out-Of-Pocket 52

LexisNexis

AUGUST 6, 2024

Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.

Commercial General Liability 40

Commercial General Liability Liability General Liability Policy 40

Tosten Marketing

MARCH 31, 2025

Pinpointing Your Perfect Policyholder Understanding your target market forms the foundation of any successful insurance agency marketing plan. For instance, send home maintenance tips to homeowners insurance clients or safe driving reminders to auto insurance policyholders. Who Is Your Ideal Insurance Client?

Insurance Agency 52

Insurance Agency Insurer Insurance Insured 52

Hunton Andrews Kurth

MARCH 11, 2021

Nashville Underground LLC—“nationally acclaimed, seven-story restaurant, bar, night club and live music venue” located in downtown Nashville—procured a commercial property policy from AMCO Insurance Company (AMCO) to protect it from fortuitous catastrophic events.

Business Interruption 52

Business Interruption Injury Policy Protection 52

Property Insurance Centre

SEPTEMBER 25, 2024

A: Understanding the fine print helps you avoid surprises and ensures you know the scope of coverage, any limitations or exclusions, and what is required of you as the policyholder. We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership.

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Building Insurer Insurance Insured 52