The Property Insurance Law Observer

FEBRUARY 14, 2024

Privilege Underwriters Reciprocal Exchange (2024 WL 322297 (Tex. 29, 2024)), the Court determined that the term “windstorm” was ambiguous as utilized in the subject insurance policy. The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. In Mankoff v.

Policy 130

Policy Deductible Damage Property Damage 130

Protect Commercial Insurance

OCTOBER 4, 2024

But what does this mean for property owners and their insurance needs? As interest rates creep up, they can have a surprising ripple effect on property insurance costs. Impact on Property Insurance The property insurance market isn’t isolated from these changes.

Property Insurance 52

Property Insurance Out-Of-Pocket Premium Insurance 52

Jackson & Jackson

MAY 22, 2024

Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. This article aims to provide an in-depth overview of ensuring multi-unit commercial properties in California, highlighting key considerations for investors.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurance 52

Scott Insurance

FEBRUARY 27, 2024

The Hardening Property Insurance Market Since 2017, the property insurance market has been hardening, resulting in lower available limits, higher deductibles and increased premiums. suburban) and are more susceptible to the use of crime scores when underwriters rate their liability insurance.

Deductible 52

Deductible Underwriter Underwriting Property Insurance 52

Risk Management Monitor

AUGUST 9, 2022

In 2018, the 5 th Circuit Court of Appeals took things a step further in Certain Underwriters at Lloyd’s of London v. In that case, a hotel filed a lawsuit against its insurer for refusing to cover hail-related roof damage under a commercial property insurance policy. Lowen Valley View, L.L.C.

Damage 78

Damage Claim Commercial Property Deductible 78

Majesco

APRIL 11, 2024

If we don’t get down to addressing the loss ratio — underwriting, pricing, risk selection, and claims management — for many carriers, even if they cut costs by 100%, they’re still not going to be profitable. Their standard coverage would go to customers that wish to cover their deductible.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

Majesco

JANUARY 9, 2025

It is likely that most banks are underestimating their exposure to climate-related risk, just like many property insurers have underestimated their risk exposure. The convergence of insurance and banking around climate risk and the impact to property and businesses will drive a new view and focus on risk assessment.

Insurer 45

Insurer Insured Insurance Risk 45