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

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

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

OCTOBER 9, 2024

An insurance broker who collected nearly $137,000 in sales commissions by submitting fabricated insurance applications for end-of-life insurance policies in clients’ names without their knowledge, and used those clients’ personal and banking information to pay for those policies, was sentenced …

Insurance Broker 260

Insurance Broker Broker Policy Life Insurance 260

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 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

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

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

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

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

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 249

Policy Commercial Property Property Insurance Commercial 249

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

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

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

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

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

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

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

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

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 Insurer 261

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

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

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

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

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

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

The Property Insurance Law Observer

MARCH 18, 2024

A federal court recently held that an insurer could not deny coverage under a homeowner’s policy based upon the failure of the named insured’s son, an “insured person,” to submit to an examination under oath (“EUO”). Allstate Vehicle and Property Insurance Company , Civil Action No. In Michelle Adeola v.

Insured 130

Insured Insurer Insurance Policy 130

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

Redbird Agents

SEPTEMBER 13, 2024

Insurance marketing is the driving force behind the growth of any successful insurance agency. Whether you’re an established agency owner or just starting, having a strong marketing strategy is essential to attract new clients, retain existing customers, and scale your insurance business.

Insurance Agency 130

Insurance Agency Insurer Insured Insurance 130

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

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

Final Expense Brokerage

JUNE 30, 2024

Jun 30, 2024 5:13:42 PM Contact Us Share: Learn how to effectively address objections as an insurance agent and increase your sales success. Understanding Common Objections As an insurance agent, it is important to understand the common objections that consumers may have when it comes to buying final expense.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insurer 130

The Insurance Pro

DECEMBER 25, 2024

Key Things to Know The term investment grade life insurance is a marketing tactic used by agents to sell whole life insurance policies. While some whole life policies may be better suited for cash value maximization, there is no official designation for investment grade life insurance.

Life Insurance 97

Life Insurance Insurer Insured Insurance 97

Final Expense Brokerage

JUNE 23, 2024

June 22, 2024 4:22:33 PM Contact Us Share: Discover the top benefits of final expense life insurance and why consumers should consider it for their financial security. Final expense life insurance is a crucial component of this planning, providing peace of mind and financial relief for your loved ones.

Life Insurance 130

Life Insurance Premium Insured Insurer 130

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.

Building 130

Building Insurance Claim Claim Policyholder 130

Final Expense Brokerage

MARCH 29, 2024

Introduction: When selling life insurance, trust serves as the fundamental pillar for achieving success. This article delves into the importance of fostering trust in insurance sales and offers practical tactics for insurance agents to gain their clients' trust. Clients are more inclined to engage with agents they trust.

Insurance Agent 130

Insurance Agent Insurance Agents Agents Insurer 130

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