The Property Insurance Law Observer

MARCH 12, 2024

In its decision, the Court discusses the interpretation of the insurance policy and sets forth that, “Insurance policies are construed as contracts, so policy terms are interpreted according to basic contract principles.” Citing to Allemand v. State Farm Ins. Companies, 160 Wn. 365, 368, 248 P.3d 3d 111 (2011).

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Theft Insurance Policy Policy Personal Property 130

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.

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Claim Policyholder Property Insurance Insurance Policy 166

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.

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Claim Policyholder Property Insurance Insurance Policy 141

Insurance Journal

SEPTEMBER 11, 2024

Mississippi’s insurance commissioner is reminding policyholders that once Hurricane Francine moves across Louisiana, it will likely bring strong winds and heavy rains to the western part of the Magnolia State. And residents should be prepared by reading their insurance policies, …

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Policyholder Insurance Policy Policy Insurance 147

Property Insurance Coverage Law

OCTOBER 6, 2024

National flood insurance is unlike any other insurance. I have received numerous calls from furious Hurricane Helene policyholders after learning how little coverage is afforded for the non-elevated floor of a multi-story building under their flood insurance policies.

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Building Insurance Claim Claim Policyholder 130

Property Insurance Coverage Law

NOVEMBER 23, 2024

A recent court decision highlights why policyholders need to understand both the benefits and limitations of Inflation Guard Endorsements in their property insurance policies. While these endorsements aim to protect against underinsurance, they may not provide the complete protection many assume they do.

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Property Insurance Policyholder Insurance Policy Protection 100

Property Insurance Coverage Law

DECEMBER 14, 2024

Anytime these happen, policyholders need to be careful that their residential insurance policies do not stop providing full coverage. Death, divorce, disease, disability and wealth often lead to situations where people may change homes or have multiple places to live.

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Policyholder Property Insurance Insurance Policy Insurance 100

Property Insurance Coverage Law

AUGUST 4, 2024

Insurance policies protect you from the cost of replacing lost, damaged, or stolen items: or at least, that’s how they’re supposed to work. But what happens if your insurance company refuses to pay what you are owed?

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Property Insurance Damage Insurance Policy Insurance Companies 215

Property Insurance Coverage Law

NOVEMBER 24, 2024

Insurance policies that provide broad coverage across multiple items or locations can be a policyholder’s best friend. The Louisiana case involved a hydrocarbon production facility damaged … The post When Is a Policy “Blanket”?

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Policy Policyholder Property Insurance Damage 100

Cowbell

FEBRUARY 6, 2025

At Cowbell, weve long believed that prevention is better than cure , and we strive to deliver more than just an insurance policy to fall back on. This blog post aims to provide everyoneCowbell employees, broker partners, and policyholders alikewith a comprehensive overview of what CRS entails and why it matters.

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Policyholder Cyber Broker Risk 52

The Insurance Pro

JANUARY 25, 2025

How Life Insurance Products Develop Returns The return on cash values is driven by unique elements depending on the type of life insurance policy. For whole life insurance , we focus on the dividend interest rate. For universal life insurance policies we focus on the interest rate payable on the policy.

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Life Insurance Policy Policyholder Insurance Policy 95

Property Insurance Coverage Law

AUGUST 21, 2024

Ohio Casualty Insurance Company, 1 is a case decided last week involving vacancy clauses often found in property insurance policies, the impact of forfeiture clauses, and how those clauses can be waived. Sinjel, L.L.C.

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Casualty Insurance Property Insurance Insurance Policy Insurance Companies 182

LexisNexis

AUGUST 14, 2024

CA Insurance Commissioner Orders Moratorium on Cancellations for Fire-Impacted Homeowners California Insurance Commissioner Ricardo Lara issued a one-year moratorium on the cancellation or non-renewal of residential insurance coverage for more than 185,000 policyholders impacted by recent major fires in the state.

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Insurance Policy Policy Insurance Insurer 70

P&L Financial Services

AUGUST 29, 2024

Myth 1: Senior Benefits Agents Are Just Salespeople One of the biggest misconceptions about senior benefits agents is that their job is solely about selling insurance policies. Let’s debunk these myths and reveal the true nature of this important role. While sales are certainly a part of the job, the role is much more comprehensive.

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Policyholder Risk Agents Insurance 52

Property Insurance Coverage Law

FEBRUARY 5, 2025

A recent viral social media post following the California wildfires has brought to light a critical issue: homeowners are finding their insurance claims denied because their properties are held in trusts, yet the trusts are not listed on their insurance policies.

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Insurance Claim Claim Insurance Policy Insurance 103

QuickQuote

JULY 23, 2023

If your loved one didn’t leave a clear record of a life insurance policy, it can be difficult to know how to find an old life insurance policy. We break down the main steps on how to find out if someone has life insurance, so you can easily find out whether the deceased had an.

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Life Insurance Insurance Policy Policy Insurance 40

Property Insurance Coverage Law

FEBRUARY 5, 2025

A recent viral social media post following the California wildfires has brought to light a critical issue: homeowners are finding their insurance claims denied because their properties are held in trusts, yet the trusts are not listed on their insurance policies.

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Insurance Claim Claim Insurance Policy Insurance 100

Property Insurance Coverage Law

DECEMBER 4, 2024

Insurance policies are like a box of chocolates—you never quite know what you’re going to get. Zurich American Insurance Company, 1 maybe you do, but the label on the box has you scratching your head. You might think Zurich American Insurance Company is the insurer after reading … The post Who Is the Insurer?

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Insurance Policy Insurance Companies Property Insurance Insurance 100

The Insurance Pro

DECEMBER 28, 2024

At that time, Ohio National Announced it plans to demutualize and dramatically changed its dividend calculation for whole life insurance policy holders. The policyholder whose policy we used in this analysis decided to cancel. The policyholder whose policy we used in this analysis decided to cancel.

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Policy Policyholder Life Insurance Insurance Policy 52

The Property Insurance Law Observer

MARCH 4, 2024

At issue in the case was the application of the policy’s wear and tear exclusion and its exceptions. The insurance policy covered direct physical loss but contained an exclusion for physical damage caused by wear and tear, marring or deterioration.

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Damage Policy Claim Property Damage 130

Property Insurance Coverage Law

FEBRUARY 16, 2025

California fire insurance policies must provide an insured a minimum of 12 months from the inception of the loss to bring any suit or action on the policy for recovery of any claim. Code 2071.

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Claim Property Insurance Insurance Policy Policy 100

American Agents Alliance

JULY 17, 2024

Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers. Data shows about 6% of homeowners filed a claim under their homeowners insurance policies during the five years ranging from 2018 to 2022.

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Broker-Agent Broker Agents Claim 52

Smart Insurance Agents

SEPTEMBER 7, 2024

Dependent Definition For Health Insurance Terms In health insurance, a dependent is a person who follows certain rules set by the insurance policy. They can get health coverage under the plan of the policyholder. Dependents get the same or similar health benefits as the main policyholder.

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Bankers Insurance

MAY 16, 2024

These policies can provide critical financial security as homeowners seek to protect their fiscal stability and property. The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. 3 or 5 years).

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Home Insurance Policyholder Insurance Insurer 52

Property Insurance Centre

MARCH 19, 2024

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes.

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Property Insurance Policyholder Insurance Insurer 52

American Agents Alliance

NOVEMBER 9, 2024

Independent P&C agents and brokers who reside and work in this region must also know how to help policyholders manage earthquake risk. Learn more about how agents can help their policyholders manage earthquake risk in this blog. This coverage gap means agents must educate policyholders to help ensure they have adequate protection.

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Agents Risk Broker-Agent Policyholder 40

Boyle Agency Insurance

FEBRUARY 20, 2025

Top Coverage, Top Service A Chubb Masterpiece Homeowners Insurance policy provides outstanding protection for your home as well as providing exceptional service. In addition to being covered by their excellent insurance, Chubb offers to inform policyholders of how best to prevent future losses.

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Insurance Insurer Insured Insurance Carrier 52

Hunton Andrews Kurth

MARCH 3, 2023

A comprehensive cyber policy covers attorneys’ fees and costs associated with formal regulatory or administrative investigations, including any resulting in penalties or fines. However, policyholders should be aware of the terms of their policies.

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Cyber Policyholder Insurance Insurer 52

Paragon Independent Insurance Agencies

JUNE 14, 2024

Filing a commercial claim is a complex and daunting process, especially for business owners unfamiliar with the ins and outs of insurance policies. Delay in Notifying the Insurer Timely notification is essential, as most insurance policies must be reported immediately. These are regular issues around Plano, TX.

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Commercial Insurance Commercial Insurance Claim Claim 40

Boyle Agency Insurance

DECEMBER 31, 2024

Top Coverage, Top Service A Chubb Masterpiece Homeowners Insurance policy provides outstanding protection for your home as well as providing exceptional service. In addition to being covered by their excellent insurance, Chubb offers to inform policyholders of how best to prevent future losses.

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Insurance Insurer Insured Insurance Carrier 52

American Agents Alliance

OCTOBER 24, 2024

The lawsuit, filed in Alameda County Superior Court, argues that the FAIR Plan’s handling of smoke claims falls short of the legal standards for fire insurance policies mandated by state law. In reality, the plaintiffs argue, the changes resulted in more denied claims and less protection for homeowners.

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Damage Claim Broker-Agent Policyholder 40

Protect Commercial Insurance

MAY 13, 2021

The following 5 Permissions are necessary if you’re advising or transacting on Commercial Insurance 1. This includes recommending a specific insurance policy to a customer. For example, entering into a contract of insurance with a customer on behalf of the insurer (i.e Arranging investment deals.

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Commercial Insurance Commercial Insurance Insurer 52

Redbird Agents

JULY 9, 2024

I spoken with thousands of insurance agents, many of whom are venturing out on their own for the first time. They’ve been misled by friends claiming that selling insurance policies as an independent insurance agent is straightforward and profitable. How to sell life insurance from home?

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Insurance Agents Insurance Agent Agents Broker-Agent 130

Bankers Insurance

AUGUST 8, 2024

Most commercial property insurance policies include coinsurance clauses, which encourage policyholders to carry reasonable and accurate coverage amounts. Under a coinsurance clause, a policyholder faces a penalty — usually a reduced payout — if their coverage limit is not at least equal to a predetermined percentage (e.g.,

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Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Triple-I: Homeowners Insurance

JUNE 19, 2024

Lightning Safety Awareness Week highlights the dangers lightning poses to life and property and how insurers and policyholders are reducing these risks through effective mitigation efforts,” Kevelighan said. Damage caused by lightning, such as fire, is covered by standard homeowners insurance policies. of Claims Avg.

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Claim Damage Protection Policyholder 52

American Agents Alliance

JUNE 10, 2024

Here are some trends likely to affect E&O policies: More cyber coverage will be integrated into E&O policies. Cyber risks continue to rise in many industries and insurance policies are evolving to help meet this need, including E&O policies. E&O coverage is expanding into emerging professions.

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Broker-Agent Cyber Agents Policyholder 40

Protect Commercial Insurance

OCTOBER 4, 2024

Changes in Underwriting Processes Interest rates can also shape the underwriting processes used by insurance companies. Underwriting involves evaluating risks and determining suitable premiums for policyholders. With rising interest rates, insurers might re-assess risk portfolios and adjust their criteria to ensure profitability.

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Property Insurance Out-Of-Pocket Premium Insurance 52