Insurance Journal

JULY 18, 2024

AP) — A fast-moving forest fire broke out Tuesday at a major military gunnery range in southern New Jersey, but no injuries or property damage has been reported. BARNEGAT, N.J. (AP) The New Jersey Forest Fire Service responded around 2:15 p.m.

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Property Damage Injury Damage 259

Insurance Journal

NOVEMBER 6, 2024

Connecticut Governor Ned Lamont recently reminded homeowners, renters and businessowners in Fairfield, Litchfield and New Haven counties that less than two weeks remain to apply for federal disaster assistance to support recovery for uninsured or underinsured property damage experienced during …

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Property Damage Damage 130

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 Insurance Insured 210

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

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 130

Property Damage Policyholder Property Insurance Damage 130

Agency Height

NOVEMBER 19, 2024

Learn who is at fault in rear-end collisions, how car insurance covers damages, and average payouts for property damage and injuries.

Property Damage 52

Property Damage Injury Damage Insurer 52

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 125

Property Insurance Insurance Claim Claim Property Damage 125

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

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 97

Protection Property Damage Injury Damage 97

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 Insurer 130

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.

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Insurance Companies Damage Insured 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.”

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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.

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Insurance Claim Claim Protection Out-Of-Pocket 52

TGS

NOVEMBER 18, 2024

This is in stark contrast to at-fault states, where the driver who caused the accident (or their insurance) is typically responsible for covering damages. While it covers medical expenses, lost wages, and certain other costs, it doesn’t cover property damage to your car or liability for damages to others.

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Auto Insurance Injury Damage Property Damage 52

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.

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Property Damage Damage Risk Insurance 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.

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Damage Policy Claim Property Damage 130

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.

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Liability Insurance Cyber Liability Property Damage 52

Protect Commercial Insurance

MAY 30, 2024

In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more. It provides financial compensation to repair or replace damaged property, ensuring that your business can quickly recover from unexpected events.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 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.

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Commercial Property Property Insurance Commercial Business Interruption 52

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.

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Property Damage Injury Auto Insurance Liability 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

Jackson & Jackson

NOVEMBER 16, 2024

If a client trips over cables during a meeting at your office or your equipment damages their property, General Liability Insurance provides coverage. This policy covers damages or injuries caused by your company vehicles, as well as protection against theft, vandalism, and accidents.

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Insurance Policy Policy General Liability Workers Compensation Insurance 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.

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Liability Insurance Liability Property Damage Insured 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 Policy Commercial 130

Protect Commercial Insurance

NOVEMBER 1, 2024

Unlike standard home insurance, which is tailored for owner-occupied homes, landlord insurance is crafted to address risks associated with renting out your property. Its primary purpose is to protect landlords from financial loss stemming from tenant-related incidents, property damage, and other rental-specific risks.

Home Insurance 52

Home Insurance Out-Of-Pocket Insurer Insured 52

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.

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Building Commercial Property 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 Broker-Agent Property Damage 40

Triple-I: Homeowners Insurance

NOVEMBER 5, 2024

For residents of both communities, this news comes as no surprise; their flood-resistant infrastructure and solar panel power systems have helped them survive several storms and hurricanes with only minor damages, demonstrating the utility of disaster resilience planning. Such planning is expensive to implement.

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Premium Property Damage Risk Damage 59

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

Distinguished

SEPTEMBER 25, 2024

Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Property damage : Damages to the building that is being constructed or renovated. Equipment : Covers damages to or theft of equipment used on the job site.

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Risk Broker-Agent Insurer Insured 52

Zywave

NOVEMBER 20, 2024

Commercial Property: Extreme weather events continue to lead to extreme property damage. Repairing this damage also continues to be more expensive due to inflation. Employers should prioritize mental health resources and clear policies to handle workers’ comp claims as efficiently as possible.

Workers Comp 52

Workers Comp Commercial Property Cyber Commercial 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 Insurer 52

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.

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Claim Property Damage Property Insurance Building 52

TGS

NOVEMBER 1, 2024

Avoid standing in the middle of the road or putting yourself in harm’s way while assessing the damage. In many states, you’re required to file a police report for accidents that involve injuries or significant property damage. Plus, having a police report on file can help you later when dealing with insurance claims.

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Injury Home Insurance Damage Claim 52

Distinguished

SEPTEMBER 10, 2024

Our Builder’s Risk program is a comprehensive insurance solution that covers under-construction properties and their works sites against all the most common risk factors. Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites. 

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Risk General Liability Broker-Agent Insurer 52