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

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

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 Insured 312

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 Insurer 321

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 Agent 166

Insurance Agent Insurance Agents Policy Policyholder 166

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 Insurer 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 Policy Insurer 278

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 Insurer 100

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 Insurer Insured Insurance 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 Insurer Insured Insurance 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 Insurer Insured 245

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 Insurer 264

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 110

Property Insurance Insurance Policy Policy Policyholder 110

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 Insured Insurer 262

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 149

Policy Building Insurance Policy Property Insurance 149

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 Insured 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

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 148

Broker Policy Insurance Policy Insurer 148

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 Insurer Insured 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 Insurer 244

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

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 Insurer 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 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

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 Insurer 100

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 Insurer Insured 130

Boyle Agency Insurance

NOVEMBER 4, 2024

While standard homeowners’ insurance may cover certain perils, it often excludes floods. That’s where flood insurance comes in. Exclusion from Homeowners’ Insurance Many homeowners are surprised to find that their standard homeowners’ insurance policies do not cover flood damage.

Insurance Policy 75

Insurance Policy Damage Policy Insurer 75

Insurance Journal

OCTOBER 20, 2024

Last year, I addressed the issue of insurance policy commoditization in the context of industry advertising in at least four of my monthly columns. Over the years, I’ve blogged about it several times. Recently, I’ve posted about it on my …

Insurance Policy 245

Insurance Policy Policy Insurer Insured 245

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 142

Property Insurance Insurer Insured Insurance 142

Property Insurance Coverage Law

JANUARY 6, 2025

In yesterdays post, Policyholders and Public Adjusters Often Need to Hire Their Own Experts, the court found that the insurance policy did not provide coverage for the claimed damages for two primary reasons.1

Policyholder 166

Policyholder Damage Property Insurance Insurance Policy 166

Property Insurance Coverage Law

AUGUST 29, 2024

Steve Coombs should be at least nominated for membership into the Insurance Nerds Hall of Fame. He read my post, What Is an “Other Insurance” Clause and Why Do They Exist In Property Insurance Policies? and sent Mara Essick and me numerous articles about “other insurance” clauses.

Property Insurance 150

Property Insurance Insurer Insured Insurance 150

Freeway Insurance

DECEMBER 24, 2024

Once you purchase your first house and set up a homeowners insurance policy , you may think that your insurance needs will be taken care of for as long as you own the house. However, reviewing your home insurance policy on a regular basis is essential if you want to fully protect your property.

Home Insurance 52

Home Insurance Insurance Policy Policy Insured 52

Insurance Journal

NOVEMBER 19, 2024

Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company …

Insurance Carrier 246

Insurance Carrier Claim Policy Insurer 246

Property Insurance Centre

SEPTEMBER 11, 2024

What does a Lift Inspection Policy cover? What does a Lift Inspection Policy cover in conjunction with a Purpose Built Flats Insurance Policy? Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason.

Insurance Policy 52

Insurance Policy Policy Boiler and Machinery Insurer 52

Property Insurance Coverage Law

JANUARY 5, 2025

I often hear this question when discussing a loss with a potential client or public adjuster: Chip, isnt it an all-risk insurance policy? This question is often in response to a question I asked them: What caused the loss?

Policyholder 170

Policyholder Property Insurance Insurance Policy Policy 170