Insurance Journal

JANUARY 17, 2025

The Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) Board of Directors voted last week to end the 1.36% assessment it makes on all residential and commercial property insurance policies in the state in April of this year. The assessment, which …

Policy 278

Policy Commercial Property Property Insurance Commercial 278

Insurance Journal

OCTOBER 2, 2024

What is being called the first sensor-triggered earthquake parametric insurance policy in the U.S. Liberty Mutual Reinsurance, part of Liberty Mutual Insurance Group, and Safehub, a technology provider in seismic sensor and risk … was purchased by The University of California.

Policy 261

Policy Insurance Policy Risk Insurance 261

Insurance Journal

DECEMBER 11, 2024

The Michigan Department of Insurance and Financial Services (DIFS) is urging residents to review their auto, home, and renters’ insurance policies to ensure they fully understand their coverage and have a plan to pay policy deductibles in the event of …

Policy 245

Policy Deductible Risk Insurance Policy 245

Insurance Journal

DECEMBER 2, 2024

A North Carolina woman is set for a court appearance later this month after she was charged with filing a claim on her deceased mom’s house – for damage that occurred before the insurance policy was purchased. Cindy Ramzi Hanna, …

Claim 263

Claim Policy Damage Insurance Policy 263

The Property Insurance Law Observer

MARCH 12, 2024

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. Plaintiffs argued that the damage was covered under the policy, primarily resulting from theft. State Farm Ins.

Theft 130

Theft Insurance Policy Policy Personal Property 130

Insurance Journal

OCTOBER 28, 2024

A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy. The Fourth Circuit …

Theft 312

Theft Insurance Policy Policy Insurance 312

Central Insurance

NOVEMBER 22, 2024

Protect your business from fire, liability, and equipment risks with tailored food trailer insurance. The post What Food Trailer Insurance Policies Best Protect Against Risks appeared first on Central Insurance Blog. Stay secure and focus on serving your customers.

Insurance Policy 130

Insurance Policy Protection Policy Risk 130

Insurance Journal

JULY 24, 2024

billion, modeling and insurance services firm Parametrix estimates. The portion of the loss covered under cyber insurance policies … The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4

Financial Loss 321

Financial Loss Cyber Insurance Policy Insurance 321

Property Insurance Coverage Law

DECEMBER 11, 2024

Coverage litigation is sometimes a game of interpreting the language of a complicated document, the insurance policy. This post is a reminder to study When Words Collide: Policy Interpretation Doctrines and the 10 Commandments. Understand your Insurance Policy BetterRTFP!

Policy 192

Policy Building Insurance Policy Property Insurance 192

Property Insurance Coverage Law

AUGUST 28, 2024

An “other insurance” clause is a provision found in property insurance policies that establishes how a loss is to be apportioned among insurers when more than one policy covers the same loss. The original purpose of an “other insurance” clause is debatable.

Property Insurance 134

Property Insurance Insurance Policy Policy Policyholder 134

Property Insurance Coverage Law

DECEMBER 30, 2024

Insurance policyholders do not read the insurance policies that are sold to them. The insurance contracts are not even provided to the policyholder until after the product is purchased.

Insurance Agents 189

Insurance Agents Insurance Agent Policy Agents 189

Insurance Journal

NOVEMBER 17, 2024

By Andrew Simpson A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy.

Theft 290

Theft Insurance Policy Policy Insurance 290

Insurance Journal

AUGUST 26, 2024

Insurers in Louisiana have until Friday, Aug. 30 to compete a data call relating to property and casualty homeowners’ insurance policies and commercial lines property policies during the 2024 hurricane season. Louisiana Insurance Commissioner Tim Temple issued Directive 224 to …

Commercial 278

Commercial Insurance Policy Insurance Insurer 278

Insurance Journal

DECEMBER 3, 2024

Jason Bertoldi has joined Alliant Insurance Services, headquartered in Irvine, California, as global team leader, litigation and contingent risk insurance. Bertoldi assists clients in obtaining bespoke contingent risk insurance policies and structuring transactions that incorporate insurance policies as investment collateral.

Insurance Policy 246

Insurance Policy Insurance Insurer Insured 246

Insurance Journal

AUGUST 6, 2024

In the insurance industry, the term “termination” can refer to a few different things. First, there are policy terminations. These occur when an insurance policy runs its course and the … This post is part of a series sponsored by AgentSync.

Insurance Carrier 240

Insurance Carrier Insurance Insurer Insured 240

Insurance Journal

NOVEMBER 6, 2024

Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyberattacks. Called CyNuC, the malicious act cyber insurance policy was developed specifically by Chaucer’s Lloyd’s Syndicate 1176 in conjunction with the insurer’s …

Cyber 245

Cyber Insurance Policy Insurance Insurer 245

Insurance Journal

FEBRUARY 18, 2025

Is a binder binding, even if the property owner never received the insurance policy? Yes, it is, the Alabama Supreme Court decided last week in a case that marks another win for insurers relying on binding arbitration agreements. When Francine …

Insurance Policy 55

Insurance Policy Policy Insurance Insurer 55

Insurance Journal

JULY 21, 2024

A 2% surcharge on property insurance policies, mandatory fees on the oil and gas industries, and holding a public referendum are ways a public-private group formed in the aftermath of Superstorm Sandy recommends to pay for projects to protect New …

Property Insurance 262

Property Insurance Insurance Policy Insurance Insurer 262

Property Insurance Coverage Law

DECEMBER 29, 2024

Eyewitness Accounts Tip the Scales in Ice Damming Insurance Dispute.The Bullivant Houser law firm quoted Doug about a case he lost, and his insurer client later re-wrote the insurance policy so it would not pay for a claim under similar … The post Insurance Policies Are Adhesion Contracts and Not Bargained For appeared first on Property Insurance (..)

Insurance Policy 100

Insurance Policy Policy Property Insurance Insurance 100

Insurance Journal

JULY 19, 2024

Independent agents play a critical role in helping clients find the right home insurance policies for them. They are also instrumental in sharing information about general safety considerations for homeowners, which is especially essential during the summer when risks tend …

Home Insurance 255

Home Insurance Insurance Policy Agents Insurance 255

Insurance Journal

JULY 23, 2024

The highest court in Massachusetts has ruled that rainwater accumulation on roofs of buildings does not constitute “surface waters” within the meaning of “flood” in property insurance policies. The court found that the term “surface waters” in policies is ambiguous …

Property Insurance 306

Property Insurance Insurance Policy Building Policy 306

Insurance Journal

FEBRUARY 17, 2025

is pouring millions of dollars into a national ad campaign to push for reforms in insurance policies that it says have been exploited by personal injury lawyers and contribute to higher ride prices. Uber Technologies Inc. The San Francisco-based rideshare …

Injury 272

Injury Insurance Policy Policy Insurance 272

Prof. Allan Manning

JANUARY 29, 2025

Last week I posted an article in regard to terrorism coverage under commercial property, and/or business interruption policies. In a day or two I will address Strata and after than residential landlord policies, and finally private motor. In summary, there is a real mixture of approaches in the Australian General Insurance market.

Policy 208

Policy Business Interruption Risk Commercial 208

Solstice Insurance Broker

DECEMBER 2, 2024

Insurance policy cancellations. Dealing with them is hard and many brokers aren't quite sure what to say or how to handle the situation. That's why it's super important to have a solid process in place.

Broker 147

Broker Policy Insurance Policy Insurance 147

Insurance Journal

JANUARY 30, 2025

filed a racketeering lawsuit against a group of law firms, doctors and pain-management clinics it claims staged fake car accidents and performed unnecessary surgeries to take advantage of New York’s lucrative no-fault insurance policies. Ride-sharing giant Uber Technologies Inc. Since …

Injury 274

Injury Insurance Policy Claim Policy 274

Insurance Journal

AUGUST 14, 2024

In the wake of flash flooding in the Bismarck-Mandan area, North Dakota Insurance Commissioner Jon Godfread is reminding residents to take immediate steps to assess and document any property damage and to review their insurance policies to understand what is …

Property Damage 289

Property Damage Damage Insurance Policy Policy 289

Insurance Journal

DECEMBER 22, 2024

Two Kentucky Supreme Court rulings handed down last week emphasize how important it can be to have clearly worded insurance policies, including exclusions and excess and escape clauses, particularly in high-dollar commercial coverage. In Motorists Mutual Insurance Co. vs. First …

Commercial 264

Commercial Insurance Policy Policy Insurance 264

Insurance Journal

AUGUST 18, 2024

Security leaders should be exercising every available option to upgrade their security posture, and cyber insurance policies could make or break the resiliency for many organizations across nearly all industries — K-12 education, retail, healthcare, manufacturing and more. Just last …

Cyber 298

Cyber Risk Insurance Policy Policy 298

Insurance Journal

AUGUST 25, 2024

Simply mailing a cancellation notice to a policyholder, when viewed in the context of other indicators, was enough to comply with state law and void a homeowner’s insurance policy shortly just weeks before a fire destroyed a home, the North …

Policyholder 285

Policyholder Insurance Policy Policy Insurance 285

Central Insurance

JULY 12, 2024

Learn about essential masonry insurance policies to protect your business from risks and ensure its long-term success. The post Masonry Insurance: Seven Policies You Need to Protect Your Business appeared first on Central Insurance Blog.

Protection 130

Protection Policy Insurance Policy Insurance 130

Central Insurance

DECEMBER 23, 2024

Six must-have tow truck insurance policies to protect your fleet, manage risk, and safeguard your business. The post Tow Truck Insurance: The Six Policies You Need for Your Business appeared first on Central Insurance Blog.

Policy 130

Policy Insurance Policy Insurance Insurer 130

Central Insurance

OCTOBER 28, 2024

Learn more about the key pool contractor insurance policies, from liability to Workers' Comp, to protect against risks and ensure business success. The post Pool Contractor Insurance: The Five Policies You Need for Your Business appeared first on Central Insurance Blog.

Workers Comp 130

Workers Comp Policy Liability Insurance Policy 130

Insurance Journal

JANUARY 7, 2025

Mercury Insurance announced this week that the company will begin writing new homeowners insurance policies in the town of Paradise, California. Mercury says it is the first major insurance company to begin offering policies to Paradise homeowners since the town …

Insurance Policy 244

Insurance Policy Insurance Companies Policy Insurance 244

Property Insurance Coverage Law

NOVEMBER 17, 2024

Do you know the historical origins of a property insurance policy’s proof of loss requirement? I love my fellow property insurance coverage nerd readers of this blog. appeared first on Property Insurance Coverage Law Blog. What Was Its Original Purpose?

Property Insurance 100

Property Insurance Insurance Policy Policy Insurance 100

Insurance Journal

FEBRUARY 19, 2025

A former Ohio insurance agent was sentenced this month to five years of probation for thefts exceeding $1.4 Rhonda Chandler, of the Columbus area, stole and misappropriated funds, including premiums for pre-need life insurance policies, commonly known as burial …

Theft 173

Theft Insurance Agents Insurance Agent Agents 173

The Property Insurance Law Observer

MARCH 25, 2024

March 11, 2024), the Court determined that the plaintiff property owner, as an additional insured, was not entitled to the same insurance coverage as the named insured where the builder’s risk policy limited the scope of recovery for soft costs and rental income. of America , 2024 WL 1050117 (E.D.

Policy 130

Policy Risk Insurance Insurer 130

Property Insurance Coverage Law

AUGUST 28, 2024

This morning’s post, “What Is an “Other Insurance” Clause and Why Do They Exist In Property Insurance Policies?” raises the question: “How do I deal with ‘other insurance’ clauses?”

Property Insurance 185

Property Insurance Insurance Insurer Insured 185