The Property Insurance Law Observer

FEBRUARY 14, 2024

In Mankoff v. Privilege Underwriters Reciprocal Exchange (2024 WL 322297 (Tex. App.—Dallas Jan. 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. 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 subjec

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The Insurance Pro

FEBRUARY 16, 2024

Building a substantial wealth portfolio involves strategic planning and understanding of various financial instruments. Tax-free wealth strategies are essential to this planning, offering avenues to grow your investments while legally reducing taxes. By employing tactics focusing on tax-exempt securities such as municipal bonds and considering life insurance policies with cash value components, you can enhance.

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R&R Insurance

FEBRUARY 16, 2024

As the cold weather sets in, it's crucial to be aware of the dangers that come with it, especially the risk of slip and fall injuries. At R&R Insurance, we understand the importance of safety, which is why our loss control consultant, Nick Steiner, is here to share some valuable tips to help you navigate the icy conditions safely. The Cost of Complacency In 2021, the average claim for slip and fall injuries was nearly $50,000.

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InsuredMine

FEBRUARY 15, 2024

In the dynamic world of SaaS, understanding your customers is the difference between a fleeting fling and a lifelong love affair. And who sits at the heart of this understanding? Your Customer Success Manager (CSM). CSMs are more than just customer cheerleaders; they’re data detectives, mining interactions for valuable insights that fuel product improvements, drive strategic decisions, and ultimately, ensure customers reach their full potential.

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Hunton Andrews Kurth

FEBRUARY 15, 2024

Companies face significant exposure from privacy related claims. An increasing number of these claims result from efforts at the state level to regulate use of personal data. One key focus is Illinois’ Biometric Information Privacy Act (“BIPA”), but as lawmakers in other states continue to introduce legislation aimed at regulating the use of biometric data, more court decisions may muddy the waters regarding what conduct may be covered under a general liability policy.

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InsuranceBee

FEBRUARY 14, 2024

Insuring other insurance agents can be tricky. After all, aren’t they the ones that are supposed to be providing insurance to everyone else? Well, yes, they are. But when the US insurance agent industry manages over $1 trillion of insurance … Read more. The post What are some common insurance agents’ claims? appeared first on InsuranceBee Blog.

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InsuredMine

FEBRUARY 15, 2024

Brian Duperreault, CEO of AIG, once said, “The insurance industry is in the midst of a technological revolution. As we embrace digital transformation, we have the opportunity to redefine the customer experience and drive operational efficiency.” There is no doubt that he was right; at this point, we use technology for almost everything. How can the insurance industry be left behind?

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Majesco

FEBRUARY 15, 2024

The concept of speed is increasingly becoming an important competitive factor when presenting rating information for specialty insurance risk coverage. Turnarounds of weeks or days to evaluate, quote, and bind policies are simply not acceptable in today’s hyper-competitive market. Insurance risks are diverse and ever-evolving, especially specialty insurance, which plays a crucial role in providing coverage for unique and high-risk situations.

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Client Focus

FEBRUARY 13, 2024

If you missed part 1 of this series, the link is here. Part 2 can be found here. A business with a strong niche isn’t trying to be “better” than the competition. They’re trying to differentiate themselves out of competition altogether. And one of the ways that a purpose-driven, solution-providing, small business is different from others is the way they think about money.

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R&R Insurance

FEBRUARY 13, 2024

February is American Heart Month, a time dedicated to raising awareness about heart health and promoting ways to prevent heart disease. It serves as a reminder for all of us to take care of our hearts and make positive lifestyle changes that can lead to a healthier future. Heart disease is the leading cause of death in the United States , affecting both men and women of all ages.

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