Insurance Journal

JULY 25, 2024

Evacuation orders and warnings were issued, but the under of residents affected or properties damaged or destroyed has yet … A wildfire that started Wednesday near Chico, California grew quickly to 45,549 acres overnight to become the state’s largest active blaze.

Property Damage 210

Property Damage Damage Insured Insurer 210

Property Insurance Coverage Law

OCTOBER 5, 2024

When navigating the aftermath of a property damage claim, many homeowners seek professionals to help them secure the best possible settlement from their insurance company.

Property Damage 119

Property Damage Policyholder Property Insurance Damage 119

Central Insurance

JULY 25, 2024

LRO insurance provides comprehensive protection against commercial property damage, liability claims, and income loss. In this article, we explore the key differences between LRO and general liability insurance and why commercial landlords need to have this coverage. The post What is LRO Insurance?

General Liability 130

General Liability Commercial Property Property Damage Commercial 130

Property Insurance Coverage Law

AUGUST 18, 2024

Property damage insurance claims funding by factoring companies is a relatively recent phenomenon in the property insurance claims industry.

Property Insurance 116

Property Insurance Insurance Claim Claim Property Damage 116

McMahon Insurance Agency

AUGUST 7, 2024

Storm surges pose a significant threat to coastal communities, often resulting in catastrophic flooding, extensive property damage, and loss of […]

Property Damage 96

Property Damage Risk Damage Insurance Companies 96

The Property Insurance Law Observer

OCTOBER 9, 2024

In Wood , the insureds, Nancy and John Wood, filed a claim to their insurer, GeoVera Specialty Insurance Company, for property damage following Hurricane Ian. The court confirmed that insurers are not obligated to pay more than the stated limit, even if the damage exceeds that amount.

Policy 130

Policy Damage Property Damage Insurance 130

CDC: Workers Compensation

OCTOBER 8, 2024

1][2] Additionally, crashes during roadway incident responses can cause extensive property damage to agency equipment, such as ambulances and fire apparatus.[3] These secondary crashes during responses to roadway incidents contribute to about 50 emergency responder fatalities and injuries annually.[1][2]

Protection 93

Protection Property Damage Injury Damage 93

Scott Insurance

JULY 9, 2024

Water damage, one of the leading and most costly causes of property damage in the U.S., However, many homeowners are unaware of one simple solution that can prevent damage, save them money and give them peace of mind. Often, water damage inside the home is caused by leaks in the plumbing system.

Damage 52

Damage Theft Property Damage Insurance Carrier 52

The Property Insurance Law Observer

SEPTEMBER 16, 2024

The 6th Circuit held that the property policy’s cosmetic damage exclusion applied to bar coverage because the insured, J&S Welding, Inc. Insured”), failed to disclose or produce any expert evidence to rebut the conclusions of the West American’s three experts, who determined the roof’s damage was merely cosmetic.

Insurance Companies 130

Insurance Companies Damage Insurance Insurer 130

The Property Insurance Law Observer

FEBRUARY 14, 2024

The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. The insurer paid only a portion of the claim because it maintained that the tornado that struck and damaged the property was a “windstorm” and, therefore, the claim was subject to the policy’s “Windstorm or Hail Deductible.”

Policy 130

Policy Deductible Damage Property Damage 130

Shield Insurance Agency

AUGUST 20, 2024

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages.

Insurance Claim 52

Insurance Claim Claim Protection Out-Of-Pocket 52

The Property Insurance Law Observer

MARCH 4, 2024

26, 2024), the Western District of Washington considered competing motions for partial summary judgment in a property damage case involving a winter storm, where large amounts of rain and melted snow backed the drain up and the force of the water pushed through the exterior door causing damage to the entire basement level.

Damage 130

Damage Policy Claim Property Damage 130

Relation

SEPTEMBER 12, 2023

Not limited to coastal areas, hurricanes are dangerous and can cause major property damage due to storm surge, wind damage and flooding. Each year, hurricane season presents a significant risk to homeowners. Download these helpful Hurricane Preparedness Resources.

Property Damage 52

Property Damage Damage Risk Insured 52

Jackson & Jackson

JANUARY 10, 2024

Property Damage : Traditional cyber policies typically don’t cover physical damage caused by cyber events. General Liability Insurance: to help cover claims your business caused property damage or bodily injury. This can be a critical gap for tech companies with significant physical assets.

Liability Insurance 52

Liability Insurance Cyber Liability Property Damage 52

Jackson & Jackson

APRIL 26, 2024

It provides coverage for physical damage to your property and any loss of income due to business interruption. Key Coverages for California Property Investors Property Damage : Covers damage to your buildings and contents caused by fire, theft, vandalism, and natural disasters.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

Corvus

JUNE 18, 2024

But the financial and reputational repercussions from cyberattacks are just as real as property damage, and hurt businesses of all sizes. It’s a newer risk that exists behind screens, not wet floor signs. So, with limited budgets, it’s often the first coverage to be deprioritized.

Cyber 40

Cyber General Liability Property Damage Liability Insurance 40

Top Insurance Blogs

FEBRUARY 20, 2024

A proof that you have purchased Personal Injury Protection (PIP) and Property Damage Liability (PDL) automobile insurance must be presented before you can be allowed to register a vehicle with at least four wheels in Florida.

Property Damage 52

Property Damage Injury Auto Insurance Liability 52

Protect Commercial Insurance

SEPTEMBER 20, 2024

It covers you against claims of property damage, personal injury, or negligence. This type of insurance is designed to cover you if a member of the public suffers an injury or their property is damaged because of your business activities. Yet, it’s essential to protect your hard-earned business from the unexpected.

Liability Insurance 52

Liability Insurance Liability Property Damage Insurance 52

The Property Insurance Law Observer

AUGUST 1, 2024

Background The insurers issued commercial property policies that provided coverage for a hospital. As a result of a storm, rainwater accumulated on multiple roof areas, and eventually seeped inside, causing damage to the building and property within.

Commercial Property 130

Commercial Property Damage Commercial Policy 130

The Property Insurance Law Observer

AUGUST 22, 2024

The insurer argued that the damage to the floor did not meet the policy’s definition of “abrupt collapse” because it did not completely fall to the ground. Even though the floor had partially detached from the property’s exterior wall, it remained standing.

Commercial Property 130

Commercial Property Building Damage Policy 130

American Agents Alliance

AUGUST 22, 2024

The legislation, effective January 1, 2025, will increase the current minimum of $15,000 per claimant and $30,000 per occurrence for bodily injury, and $5,000 for property damage (15/30/5), to $30,000 per claimant, $60,000 per occurrence for bodily injury, and $15,000 for property damage (30/60/15).

Auto Insurance 40

Auto Insurance Agents Property Damage Broker-Agent 40

Paragon Independent Insurance Agencies

MAY 27, 2024

These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. Protection of Business Property Commercial insurance protects all business property, including buildings on the land, equipment in the yard, inventory, and other assets owned by the company.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

Maritime Insurance International

JUNE 5, 2020

Most home insurance policies offer two main types of coverage: property damage and personal liability. In those cases, however, the policy will usually only cover property damage to your boat while it is on your property. Most home policies typically only offer around $1,000 max for boat property damage.

Property Damage 40

Property Damage Damage Insurance Policy Home Insurance 40

Property Insurance Centre

JULY 21, 2024

Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. Aspray’s repeat win is a reflection of their unwavering commitment to delivering top-notch service to their clients, ensuring that they receive the best possible outcome in times of property damage.

Claim 52

Claim Property Damage Property Insurance Building 52

Bankers Insurance

MAY 16, 2024

Additionally, more and more people live in wildland-urban interfaces, where homes can be particularly vulnerable to severe weather damage. As insurance companies leave certain markets or refuse to issue policies to certain properties, homeowners may be forced to seek more expensive options, such as state-supported insurers.

Home Insurance 52

Home Insurance Policyholder Out-Of-Pocket Property Damage 52

Mark Jackson Insurance Agency

JUNE 5, 2024

Each year, fires in residential areas cause significant property damage. Check your fire extinguisher regularly, looking for any signs of damage or corrosion and verifying that the pressure gauge is in the green zone. However, many of these incidents may be prevented with the right precautions.

Property Damage 52

Property Damage Damage Protection Insurance Policy 52

The Property Insurance Law Observer

JUNE 13, 2024

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. Certain Underwriters at Lloyd’s, London, et al.

Underwriting 130

Underwriting Underwriter Commercial Property Property Damage 130

Bankers Insurance

NOVEMBER 15, 2023

How to Protect your Business Against Frozen Pipes and Sprinkler Systems In the winter season, businesses encounter unique property challenges, notably the potential for frozen pipes and sprinkler systems. These issues can lead to expensive damage, operational disruptions, and potential safety hazards.

Protection 52

Protection Damage Property Damage Building 52

ProWriters

APRIL 3, 2024

E&O typically covers claims related to professional services resulting in financial harm to a client, while Professional Liability covers a wider range of claims, such as bodily injury or property damage.

Liability 52

Liability Cyber Property Damage Claim 52

LexisNexis

SEPTEMBER 4, 2024

The measure would require AI companies that spend more than $100 million on training an AI model or over $10 million on modifying one to test whether those models could cause mass casualties or major property damage before releasing them to the public.

Property Damage 40

Property Damage Damage Policy 40

Cover4LetProperty

JANUARY 29, 2024

At its simplest, therefore, a home is a home, whilst let property is a business asset. Essentially, insurance is about risk and a calculation of the probability of loss or damage being suffered by the insured item or items.

Home Insurance 52

Home Insurance Damage Insurance Insurer 52

Property Insurance Centre

MARCH 19, 2024

Flood Insurance Floods can cause significant damage to property, making flood insurance a crucial consideration for homeowners and business owners in flood-prone areas. Policyholders who understand the evaluation of damages and coverage available are better equipped to negotiate with adjusters and advocate for fair settlements.

Property Insurance 52

Property Insurance Policyholder Insurance Insurer 52

The Property Insurance Law Observer

MARCH 18, 2024

Plaintiff, the “Named Insured” on the policy, made an insurance claim to her insurer Allstate Vehicle and Property Insurance Company (“Allstate”) for fire damage to her property located in Philadelphia, Pennsylvania, where she resided with her two sons.

Insurance 130

Insurance Insurer Insured Property Insurance 130

Cover4LetProperty

OCTOBER 9, 2022

Let’s see how you can get the broadest possible cover at times like these by taking a look at those elements that might be included as standard items for your particular landlord insurance policy or which may be available as extras or add-ons: Loss of rental income your buy to let property is a business investment that relies on the steady income stream (..)

Liability 52

Liability Insurance Insurer Insured 52

LexisNexis

AUGUST 21, 2024

AI Doomsday Bill Moves Closer to Passage in CA The California Assembly’s Appropriations Committee advanced a first-of-its kind bill ( SB 1047 ) aimed at preventing mass human casualties or property damage caused by artificial intelligence.

Property Damage 40

Property Damage Liability Protection Damage 40

Risk Management Monitor

DECEMBER 17, 2021

Myers, AccuWeather founder and CEO, estimated that the tornadoes are expected to cost about $18 billion in total damage and economic loss. Over 100 workers were trapped inside the building after the next tornado leveled it.

Damage 79

Damage Property Damage Building Risk 79

The Property Insurance Law Observer

MARCH 25, 2024

Moreover, the Court rejected the property owner’s argument that the policy was illusory because it did not afford an additional insured the same coverage as the named insured. The fact that an insurance policy unambiguously limits the recovery for certain types of damages to named insureds, only, does not render an insurance policy illusory.

Policy 130

Policy Risk Insurance Insurer 130