Property Insurance Coverage Law

MARCH 18, 2025

Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Policyholder 190

Policyholder Risk Property Insurance Insurance Companies 190

Property Insurance Coverage Law

FEBRUARY 20, 2025

A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. It also demands transparency … The post Why Shouldn’t Insurance Executives Disclose Their Pay?

Compensation 183

Compensation Property Insurance Insurer Insured 183

Insurance Journal

NOVEMBER 20, 2024

KBRA downgraded the insurance financial strength ratings (IFSR) of Oregon Mutual Insurance Co. and its wholly owned subsidiary, Western Protectors Insurance Co. to BBB+ from A-. The outlooks for both ratings remain negative. The downgrades reflect the continued deterioration in …

Insurance Companies 264

Insurance Companies Insurer Insured Insurance 264

Insurance Journal

JULY 19, 2024

Ohio Bar Liability Insurance Company announced that John R. Tribble, MBA, CPCU, CCLA will be joining the company as its next President and CEO. Tribble has held a variety of positions during the past eight years with Church Mutual Insurance …

Liability Insurance 202

Liability Insurance Insurance Companies Liability Insurer 202

Property Insurance Coverage Law

MARCH 2, 2025

These are some of … The post State Farm Water Damage Protocols and Insurance Company Expert Witnesses appeared first on Property Insurance Coverage Law Blog.

Insurance Companies 100

Insurance Companies Damage Policyholder Property Insurance 100

Property Insurance Coverage Law

SEPTEMBER 27, 2024

However, recent developments in Florida’s handling of insurance company fraud allegations have raised serious concerns about the efficacy of our regulatory bodies … The post Florida’s Insurance Company Fraud Investigations: A Crisis of Public Trust (With a Side of Absurdity) appeared first on Property Insurance Coverage Law Blog. (..)

Insurance Companies 214

Insurance Companies Policyholder Property Insurance Insurer 214

Insurance Journal

JANUARY 22, 2025

Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in history.” ” Weeks after a U.S. Senate committee released a study and held a hearing on the affect of climate change …

Insurer 277

Insurer Insured Insurance Casualty Insurance 277

Property Insurance Coverage Law

JANUARY 30, 2025

A recent federal court decision favoring Liberty Mutual Insurance Company in a pipe burst claim1 left me thinking about two lessons. First, this case strongly reminds policyholders to be aware of time limits in their insurance policies and take action as soon as they believe their claim is not being handled fairly.

Claim 203

Claim Policyholder Property Insurance Insurance Policy 203

Property Insurance Coverage Law

FEBRUARY 10, 2025

Thats the reality policyholders face when insurance companies delay or wrongfully deny claims, only to make a late payment after an appraisal and walk away without any real accountability. Last weeks decision in Mirelez v.

Policyholder 199

Policyholder Property Insurance Insurance Companies Insurer 199

Property Insurance Coverage Law

DECEMBER 12, 2024

MAPFRE Insurance Company has filed a fascinating complaint 1 against an allegedly unlicensed public adjuster license and company … The post Can Insurance Companies Sue Public Adjusters for Not Being Licensed or Not Having a Valid Contract? appeared first on Property Insurance Coverage Law Blog.

License 203

License Insurance Companies Policyholder Property Insurance 203

Property Insurance Coverage Law

FEBRUARY 10, 2025

Thats the reality policyholders face when insurance companies delay or wrongfully deny claims, only to make a late payment after an appraisal and walk away without any real accountability. Last weeks decision in Mirelez v.

Policyholder 185

Policyholder Property Insurance Insurance Companies Insurer 185

Insurance Journal

MARCH 28, 2025

MS&AD Insurance Group Holdings Inc. announced it will merge two of its non-life insurance company subsidiaries Mitsui Sumitomo Insurance Co. and Aioi Nissay Dowa Insurance Co. The aim of the merger is to build a more robust …

Life Insurance 147

Life Insurance Building Insurer Insured 147

Property Insurance Coverage Law

NOVEMBER 20, 2024

For example, the Coalition Against … The post When Do Insurance Company Lobbyists and Trade Association Supporters Lie About Insurance Fraud Statistics? Every Time They Say or Write Anything appeared first on Property Insurance Coverage Law Blog. billion figure that concludes it is pure misinformation.

Insurance Companies 213

Insurance Companies Property Insurance Insurer Insured 213

Property Insurance Coverage Law

OCTOBER 23, 2024

While Jimmy Patronis and Governor DeSantis trumpet their latest emergency rule as consumer protection following the CBS 60 Minutes Expose noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, the reality reveals a different story.

Policyholder 214

Policyholder Insurance Companies Insurance Industry Protection 214

Property Insurance Coverage Law

SEPTEMBER 26, 2024

A recent federal court ruling in Missouri highlights the critical importance of admissible expert testimony in property insurance disputes.

Policyholder 203

Policyholder Insurance Companies Damage Claim 203

Property Insurance Coverage Law

JANUARY 30, 2025

A recent federal court decision favoring Liberty Mutual Insurance Company in a pipe burst claim1 left me thinking about two lessons. First, this case strongly reminds policyholders to be aware of time limits in their insurance policies and take action as soon as they believe their claim is not being handled fairly.

Claim 179

Claim Policyholder Property Insurance Insurance Policy 179

Insurance Journal

AUGUST 5, 2024

For decades, Georgia’s insurance industry has sought to eliminate the long-standing provision allowing trucking-accident plaintiffs to sue insurance companies directly. This was the single most important issue the industry wanted to see addressed by lawmakers. Now, with the passage of …

Insurance Companies 289

Insurance Companies Insurance Industry Insurer Insured 289

Insurance Journal

JANUARY 30, 2025

Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes earlier this month. This week …

Insurance Companies 320

Insurance Companies Insurer Insured Insurance 320

Insurance Journal

AUGUST 8, 2024

California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than 185,000 policyholders affected by the Park, Borel and Gold Complex fires. The moratorium shields those living within the perimeters or …

Policyholder 299

Policyholder Insurer Insured Insurance 299

Insurance Journal

JULY 31, 2024

AM Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Stonetrust Commercial Insurance Company and Stonetrust Premier Casualty Insurance Company. Stonetrust is …

Workers Comp 278

Workers Comp Casualty Insurance Commercial Insurance Commercial 278

Insurance Journal

DECEMBER 4, 2024

the Jacksonville, Florida-based specialty insurer and subsidiary of Tiptree Inc., announced it has received regulatory approval to launch a UK subsidiary, called Fortegra Insurance Company UK. The Fortegra Group Inc., The Prudential Regulation Authority (PRA) granted Fortegra UK the license, …

License 254

License Insurance Companies Insurer Insured 254

Property Insurance Coverage Law

FEBRUARY 27, 2025

State Farm met with California Insurance Commissioner Lara yesterday about an emergency meeting regarding its rates following the Los Angeles wildfires. State Farm General Insurance Company. Meanwhile, State Farm has been busy suppressing the methods it uses to adjust water loss claims in Tong v.

Property Insurance 203

Property Insurance Claim Insurance Companies Insurer 203

Insurance Journal

SEPTEMBER 4, 2024

AM Best has downgraded the Financial Strength Rating to A-(Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” (Excellent) from “a” (Excellent) of IMT Insurance Company and its affiliate, Wadena Insurance Company. These companies are domiciled in …

Insurance Companies 264

Insurance Companies Insurer Insured Insurance 264

Insurance Journal

NOVEMBER 3, 2024

The insurance industry has historically been slow to adopt new technologies o often relying on traditional outreach, marketing and client management methods. However, digital transformation has taken hold across the sector in recent years, radically reshaping how insurance companies engage …

Insurance Industry 306

Insurance Industry Insurance Companies Insurer Insured 306

Insurance Journal

OCTOBER 24, 2024

As the third-fastest growing company on a list of the world’s top 50 largest insurance companies, State Farm Mutual Automobile Insurance Co. continued to rank No. 1, according to research S&P Global Market Intelligence. State Farm recorded nearly $87.6 billion …

Insurer 285

Insurer Insured Insurance Insurance Companies 285

Insurance Journal

OCTOBER 2, 2024

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Farmers Insurance Company of Flemington. AM Best said the negative outlooks …

Insurance Companies 264

Insurance Companies Insurer Insured Insurance 264

Insurance Journal

JULY 23, 2024

Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance industry. Planck provides an AI-based data platform for commercial insurance. It works with US insurance companies, helping them streamline the …

Commercial Insurance 273

Commercial Insurance Commercial Insurance Industry Insurer 273

Central Insurance

DECEMBER 25, 2024

Learn essential loss control strategies to protect tow truck insurance companies from costly claims. The post Loss Control Tips to Protect Tow Truck Insurance Companies from Costly Claims appeared first on Central Insurance Blog. Explore safety tips, training, and maintenance to minimize risks.

Insurance Companies 130

Insurance Companies Protection Claim Insurer 130

Insurance Journal

OCTOBER 9, 2024

Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance prices which could boost some insurance companies’ shares, analysts at RBC Capital said. The Category 5 hurricane is due to …

Insurance Industry 299

Insurance Industry Insurance Companies Insurer Insured 299

Insurance Journal

SEPTEMBER 19, 2024

California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for 750,000 policyholders affected by the Airport, Bridge, and Line fires in the counties of Orange, Riverside, Los Angeles, and San Bernardino.

Policyholder 278

Policyholder Insurer Insured Insurance 278

Property Insurance Coverage Law

FEBRUARY 3, 2025

We have battled insurance companies, co-counseled on cases, and discussed property insurance case law at a depth most … The post Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim appeared first on Property Insurance Coverage Law Blog.

Damage 193

Damage Claim Property Insurance Policyholder 193

Insurance Journal

JULY 26, 2024

In today’s rapidly evolving digital landscape, customer experience is paramount across all industries, including insurance. While traditionally viewed as a transactional service, insurance companies increasingly recognize the significance of fostering … This post is part of a series sponsored by Dyad.

Insurance Industry 279

Insurance Industry Insurance Companies Insurer Insured 279

Redbird Agents

MARCH 18, 2025

We specialize in helping independent insurance agency owners navigate the complex process of selling their agency. Schedule a Confidential Meeting with Our M&A Team Begin M&A Intake Form Why Sell Your Insurance Agency? Our team not only has experience negotiating deals, but we have successfully sold our own insurance agencies.

Insurance Agency 130

Insurance Agency Broker-Agent Insurer Insured 130

Insurance Journal

NOVEMBER 26, 2024

An Ohio man was sentenced to five years in prison and ordered to pay restitution for filing 24 fraudulent claims with multiple insurance companies, totaling more than $229,000, the Ohio Department of Insurance announced. Justin Mack, a native of Buffalo, …

Insurer 264

Insurer Insured Insurance Insurance Companies 264

Insurance Journal

NOVEMBER 18, 2024

The California Department of Insurance has submitted its final wildfire catastrophe modeling regulation to the Office of Administrative Law for approval. Th regulation is intended to strengthen the state’s insurance law, Proposition 103, by establishing coverage commitments from insurance companies …

Insurer 264

Insurer Insured Insurance Insurance Companies 264

Insurance Journal

FEBRUARY 13, 2025

Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes last month. That’s according to the …

Insurance Companies 287

Insurance Companies Insurer Insured Insurance 287

Insurance Journal

JULY 22, 2024

The Pennsylvania Insurance Department (PID) reported that it has saved consumers $98.3 million in annual auto, home and other property/casualty insurance premiums in the first six months of 2024 through its review of insurance company rate filings. The vast majority …

Casualty Insurance 276

Casualty Insurance Premium Insurance Companies Insurer 276