Insurance Journal

APRIL 24, 2025

Washington, D.C.-based based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among over 150 alumni of the Lloyd’s Lab. This investment follows BreachBits’ successful co-development …

Claim 263

Claim Insurance Insurer Insured 263

Distinguished

MAY 6, 2025

This guarantees businesses arent left vulnerable to losses from theft, damage, or accidents. A stolen excavator can delay an entire construction project, a damaged HVAC system in transit can leave a building unfinished, and a trucking accident can result in both vehicle loss and undelivered cargo.

Inland Marine Insurance 40

Inland Marine Insurance Inland Marine Marine Insurance 40

TGS

FEBRUARY 28, 2025

What if that charming house has a history of costly water damage, roof issues, or even fire damage? fire, water damage, theft), amount paid, and current claim status. Insurance companies rely on these reports to assess risk when underwriting a new policy. But what if theres more to the story? You can request your C.L.U.E.

Claim 52

Claim Home Insurance Damage Insurance Agency 52

Distinguished

MARCH 20, 2025

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.

Building 52

Building Protection Damage Insurance 52

Risk Management Monitor

AUGUST 9, 2022

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

Damage Claim Commercial Property Deductible 78

The Property Insurance Law Observer

FEBRUARY 14, 2024

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. Wind damage can be attributed to gusts (short bursts of high-speed winds) or longer periods of stronger sustained winds. In Mankoff v. Dallas Jan.

Deductible 130

Deductible Policy Damage Property Damage 130

Distinguished

MARCH 6, 2025

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. Along with this, mold and water damage often due to leaking pipes, poor ventilation, or roof damageposes serious health hazards if not promptly repaired. Pest infestations are also widespread.

Building 59

Building Damage Insurance Broker Underwriter 59

Distinguished

APRIL 29, 2025

Without the right safeguards in place, landlords could face significant financial losses from damages, legal claims, or lost rental income. A specialized landlord insurance policy provides protection against lost rental income, tenant-related damages, and extreme weather.

Liability 52

Liability Financial Loss Insurance Insurer 52

Distinguished

APRIL 21, 2025

The damage is extensive, and tenants are forced to relocate while repairs are underway. However, with opportunity comes risk: property damage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. Sewer and drain backup: Protects against water damage from plumbing backups.

Broker 52

Broker Liability Broker-Agent Building 52

Triple-I: Business Insurance

AUGUST 11, 2022

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 A combined ratio below 100 represents an underwriting profit, and a ratio above 100 represents a loss. for 2022, up 1.2 They presented their findings at a Triple-I members-only virtual webinar.

Underwriter 40

Underwriter Underwriting Workers Compensation Premium 40

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. Underwriters at Lloyd’s, London , 2012 WL 2020168 (D. Even though the floor had partially detached from the property’s exterior wall, it remained standing. Great Am.

Building 130

Building Commercial Property Damage Policy 130

Distinguished

FEBRUARY 24, 2025

Based on our decades of experience in this industry, here are some of the top exposures we see restaurants facing in markets like Charlotte: Fire damage: Fire is a constant risk in hot kitchens, and even a small incident could lead to heavy repair bills and a temporary closure.

Liability 52

Liability Liability Insurance Insurance Insurer 52

Distinguished

MARCH 20, 2025

Other common violations include sanitation and plumbing issues , such as leaking pipes that lead to water damage and mold growth, as well as problems with sewage and drainage systems. These legal factors are critical when it comes to determining liability in cases where unresolved violations have led to damages or injuries.

Broker 52

Broker License Insurance Broker Risk 52

Distinguished

MARCH 17, 2025

With infractions ranging from heating failures to illegal conversions, understanding these issues is essential for assessing risk and underwriting policies. Then we have mold and water damage , often stemming from persistent leaks and damp conditions in older buildings. Another common violation is pest infestations.

Broker 52

Broker Insurance Broker Building Underwriter 52

Distinguished

APRIL 14, 2025

Transit-related risks : Whether traveling for appraisals, exhibitions, or repairs, rare guitars face an increased risk of loss, theft, or damage and many policies wont cover transit losses. Accidental damage : Guitars, especially old ones, can be fragile. Distinguished covers damage caused by drops, falls, or other mishaps.

Insurance 52

Insurance Insurer Insured Policy 52

Cowbell

APRIL 16, 2025

With proactive security in place, youre in a far better position to avoid the potential high costs and reputational damage of a breach. Cowbell MDR SOC-as-a-Service actively works to reduce your risk and mitigate incidents before they cause damageoften lowering your insurance exposure and premium over time.

Cyber 52

Cyber Risk Premium Protection 52

American Agents Alliance

APRIL 3, 2025

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

Agents Policyholder Premium Auto Insurance 52

Distinguished

APRIL 23, 2025

Environmental insurance may be able to lessen or mitigate the risk associated with ethylene oxide exposure by providing protection through site pollution coverage , which includes cleanup costs coverage and bodily injury coverage and damage. Linton has over 11 years of experience in underwriting of environmental and construction insureds.

Liability 59

Liability Injury Risk Protection 59

Distinguished

MARCH 19, 2025

Mold & Water Damage are also major concerns; leaks or excessive moisture can lead to mold growth that poses health risks. These legal factors are critical when it comes to determining liability in cases where unresolved violations have led to damages or injuries. Katie is based in Rhode Island.

Building 52

Building Broker Damage Insurance Broker 52

Distinguished

MARCH 21, 2025

Other issues include mold and water damage often due to unrepaired leaks or excessive moisturewhich can create an unhealthy environment. Structural issues including unstable porches, broken stairs, damaged roofs, or cracked wallscan compromise the safety of a building. Structural problems are also a significant concern.

Building 52

Building Insurance Broker Broker Damage 52

Distinguished

DECEMBER 16, 2024

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.

Protection 52

Protection Underwriter Underwriting Risk 52

Paragon Independent Insurance Agencies

MAY 27, 2024

These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. Property insurance policies cover damage or loss caused by perils such as fire, vandalism, theft, or natural disasters. Questions should be asked to understand the coverage before the underwriting takes place.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

Distinguished

DECEMBER 16, 2024

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.

Protection 52

Protection Broker-Agent Inland Marine Underwriter 52

Distinguished

AUGUST 12, 2024

This includes coverage for: General liability : Covers legal costs and damages that arise from lawsuits related to this construction, renovation, or betterment project. Under-construction buildings : Covers damages to buildings or structures that are under construction, renovation, or undergoing betterment.

Risk 52

Risk Broker-Agent Insurance Insurer 52

Distinguished

AUGUST 5, 2024

These drawbacks include: No protections outside the home : If a collectible goes missing or is damaged while it is outside of your client’s home, like on the way to auction, then it may not be covered.  If your client owns a toy that is worth tens of thousands of dollars, they might not be reimbursed for the full cost should it get damaged. 

Broker 52

Broker Insurance Insurer Insured 52

Majesco

JUNE 13, 2024

Can actuaries, underwriters, and business leaders get back on top and win the combined ratio game? Severe convective storms are among the most common and most damaging natural catastrophes in the United States with damaging wind, hail, rain, and tornadoes. The world and the economy have handed insurers a tough equation.

Risk 40

Risk Underwriter Underwriting Insurance 40

InsuredMine

DECEMBER 26, 2024

Of this, flooding accounted for approximately $82 billion in damages, yet only $13 billion was covered by insurance, as reported by insurance firm Aon. These tools can forecast potential risk scenarios years in advance, helping agencies adjust their underwriting strategies and product offerings accordingly.

Risk 105

Risk Claim Building Financial Loss 105

Distinguished

AUGUST 26, 2024

This means complete property protection in the event of damages from: Extreme weather events Vandalism Theft Fire Beyond property damage, Distinguished also offers coverages for: General liability Soft costs Mold and fungus Off-site materials in transit How Much Does Builder’s Risk Cost in Michigan?

Risk 52

Risk Broker-Agent Insurance Insurer 52

TGS

SEPTEMBER 11, 2023

The South Carolina Wind and Hail Underwriting Association, also known as Wind Pool, is an association of insurance providers. This covers any damage caused by wind or hail events. With replacement cost coverage, a flood policy must also be active at the time of the damage, or else there will be actual cash value coverage.

Insurance 52

Insurance Insurer Insured Out-Of-Pocket 52

Distinguished

SEPTEMBER 10, 2024

This includes damages that arise from: Fires Theft Vandalism Weather events We are also proud to offer coverages beyond property damage for buildings, temporary structures, and building materials. Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites. 

Risk 52

Risk General Liability Broker-Agent Insurance 52

Scott Insurance

JANUARY 28, 2022

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.

General Liability 52

General Liability Deductible Liability Property Damage 52

Distinguished

JULY 22, 2024

Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble. So, if a piece is stolen or damaged while being transported for appraisal or exhibition, it likely wouldn’t be covered. We understand the unique risks and how to best insure these special items.

Insurance 52

Insurance Insurer Insured Policy 52

Distinguished

MARCH 6, 2025

In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. Along with this, mold and water damage often due to leaking pipes, poor ventilation, or roof damageposes serious health hazards if not promptly repaired. Pest infestations are also widespread.

Building 52

Building Damage Insurance Broker Underwriter 52

Property Insurance Centre

JANUARY 4, 2024

Weather Conditions and Natural Disasters Since 1980, there have been 360 weather- and climate-related natural catastrophes , resulting in damages and costs of over $2.57 The impacts of weather events and natural disasters go beyond immediate property damage, affecting communities and economies on a larger scale.

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

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.

Risk 52

Risk Broker-Agent Insurance Insurer 52

Distinguished

DECEMBER 2, 2024

However, they also face unique risks, from vandalism and weather damage to transport and installation challenges. At Distinguished, our public art insurance covers theft and incidental damage to the fine art and collectibles entrusted to the public institution. What Does Public Art Insurance Cover?

Deductible 52

Deductible Broker-Agent Insurance Insurer 52

Scott Insurance

APRIL 21, 2020

Material Change in Risk Manufacturers & Distributors should prepare for the possibility of increased underwriting scrutiny. Insureds should expect that more information will be required during the underwriting process, including customer/supplier contracts and risk control measures.

Risk 40

Risk Liability Underwriter Underwriting 40