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Court Finds Policy Term, “Windstorm,” to be Ambiguous in Coverage Dispute Involving Tornado

The Property Insurance Law Observer

Privilege Underwriters Reciprocal Exchange (2024 WL 322297 (Tex. The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. The Windstorm or Hail deductible does not apply to coverage under 7. The Windstorm or Hail deductible does not apply to coverage under 7.

Policy 130
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Proactive Tips for Businesses Facing Hail Damage Claims

Risk Management Monitor

Last week, a severe thunderstorm unleashed massive hailstones in Alberta, Canada, damaging dozens of cars and unleashing potentially record-breaking hailstones the size of grapefruits. 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.

Damage 78
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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

Unlike single-family homes, apartment complexes face heightened risks damage from one unit can quickly spread to others, liability claims can stem from common areas, and evolving building codes can demand costly upgrades. The court awarded her a staggering $13 million in damages.

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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

For example, the cost of repairing damaged property like vehicles and homes could increase because these items rely on imported goods, which will be more expensive after tariffs are increased. Because tariffs create higher prices on imported goods, this has both direct and indirect impacts on the insurance ecosystem.

Agents 52
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Mold: Impacts on the Affordable Housing Industry

Scott Insurance

Environmental / Pollution Environmental/pollution policies are available in the market and can contemplate both the first party (property) and third party (general liability – bodily injury/property damage) mold exposure.

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Public Art Insurance: Safeguarding Publicly Owned Art and Collectibles 

Distinguished

However, they also face unique risks, from vandalism and weather damage to transport and installation challenges. One of the key reasons is lower deductibles, expert knowledge, and tailored coverage options specifically designed for the unique risks faced by public art installations.  What Does Public Art Insurance Cover?

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Protecting Fine Art, Collectibles in California

Distinguished

Unlike competitors retreating from the market due to aggregation risks, our Fine Art and Collectibles insurance program brings fresh capacity and a willingness to underwrite policies tailored to Californias unique challenges. Wildfire coverage is included under our Fine Art and Collectibles program based on underwriting.