Sat.Mar 09, 2024 - Fri.Mar 15, 2024

article thumbnail

Court Differentiates Vandalism from Theft in First Party Insurance Policy

The Property Insurance Law Observer

The United States District Court for the Western District of Washington decided an insurance coverage case involving Plaintiffs Benny and Guangying Cheung and Defendant Allstate Vehicle and Property Insurance Company. Cheung v. Allstate Vehicle & Prop. Ins. Co., No. C22-1174 TSZ, 2023 WL 9000432 (W.D. Wash. Dec. 28, 2023). The Court considered whether the Plaintiffs’ loss was caused by theft or vandalism, as neither term was defined in the policy.

Theft 130
article thumbnail

Question on an ISR extension of coverage

Prof. Allan Manning

The following question was asked of one of the LMI team who intern asked me to address it. Hi, Sorry – another tech question. Could you advise why the Steadfast Wording requires a sub-limit for Unabandoned Undamaged Portion of a Building. Per the wording, the increase in sale value is regarded as salvage value taken by the insurer? Does having a sub-limit benefit or is it a disadvantage to the Insured?

Building 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New York Issues Credit Card Surcharge Guidance for Businesses

Hunton Andrews Kurth

Earlier this year, New York Governor Kathy Hochul signed S.B. S1048A into law (which we reported about here ) requiring sellers that impose credit card surcharges to post the total price, inclusive of the surcharge, on the item. The law is aimed at preventing consumers from being misled when making a purchase using their credit card. Governor Hochul recently announced guidance to help businesses better implement the law’s requirements.

article thumbnail

Train Your Brain to see the Gain: Tips to Squash Negativity and Embrace Progress

Your Journey With Jennie

Hey everyone, Jennie Wolek here! We've all been there: you put yourself out there, share something you're passionate about, and then.wham! A negative response smacks you down. It's easy to get stuck in that "gap" of self-doubt, focusing on the one bad apple instead of the basket full of good ones. Sound familiar? This happened to me recently. I sent out a long email with insights from a conference, and at the bottom, I asked people to reply "hi" if they read the whole thing.

52
article thumbnail

10 Major Challenges Facing the Modern Insurance Industry in 2024

Top Insurance Blogs

What could be the key challenges facing the insurance sector? Are there ways AI and technology can help us tackle these problems? The insurance industry has long been considered a cornerstone of financial stability, providing individuals and businesses with protection against unforeseen risks. However, in recent years, the industry has been grappling with a host of challenges brought about by changing demographics, emerging technologies, and evolving consumer expectations.

article thumbnail

Five Biggest Threats Faced by Independent Insurance Agencies

InsuredMine

Amid rising inflation and market fluctuations, independent insurance agencies keep on finding themselves grappling with intensified challenges stemming from a continuous cycle of economic uncertainties, geopolitical headwinds, environmental challenges, and capital constraints. These challenges can be squeezing profits. But opportunities exist as well.

article thumbnail

Managing For A Lifetime of Financial Growth

Bankers Insurance

Managing For A Lifetime of Financial Growth You probably will experience several major events in your life that can make it more difficult to start or continue saving toward retirement and other goals. The key is to have a clear plan, to stay focused on your goals and to manage your money so that life events don’t prevent you from keeping on target.

More Trending

article thumbnail

Why is Health Insurance So Expensive in the United States in 2024?

Top Insurance Blogs

Why is health insurance so expensive in the United States and what can you do about it in 2024? The tension in our rambling medical services framework in the U.S. has never been more strained. There’s a critical need to extend testing and treatment for COVID-19 to all occupants who require it, paying little heed to medical coverage bills. This has made a lot of policyholders start comparing private medical insurance.

article thumbnail

How to Generate Insurance Leads Online

Southwest Insurance Agents Alliance

As we rely on technology more and more, the insurance industry has seen a profound shift in the way our businesses acquire leads. Online lead generation has become an incredible resource for success, offering a cost-effective and efficient way to reach a broader audience.

article thumbnail

What’s Next With GenAI for Insurance?

Majesco

Every trend has an impact and corresponding implications. Avocados are healthy, for example, but avocado demand has caused environmental issues. E-mail, messaging, and tools like Slack help us get answers quickly, but interruptions can harm deeper ideas, better communication, and long stretches of focused thought. Smartwatches track our health and foster good habits, like sleep, but for some personalities, they cause unnecessary stress and obsession. “Everything in moderation” seems

article thumbnail

How ICHRA Health Insurance Can Benefit Both Employers and Employees

Top Insurance Blogs

In the world of work benefits, ICHRA health insurance is a game-changer for both bosses and their teams. ICHRA, which stands for Individual Coverage Health Reimbursement Arrangement, is a fresh way for companies to handle health benefits. It lets businesses pay back their workers for their health insurance costs, instead of offering the same plan to everyone.

article thumbnail

Best Private Medical Insurance UK 2024

Top Insurance Blogs

Looking to buy medical insurance in the United Kingdom? This list of best private medical insurance UK would guide you on where to purchase one. I have reviewed the best private medical insurance companies in the United Kingdom so you can choose from when you need comprehensive health insurance. In this article, I will show you how to choose the best private medical insurance UK and the cost of private medical insurance in the United Kingdom.