Insurance Journal

SEPTEMBER 26, 2024

In the ever-evolving insurance industry, efficiency and accuracy in policy issuance and servicing are crucial to maintaining competitiveness and delivering a superior customer experience. This post is part of a series sponsored by Selectsys. Insurance carriers are under constant pressure …

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Insurance Carrier Policy Insurance Industry Insurer 246

Insurance Journal

OCTOBER 1, 2024

In the highly competitive insurance industry, the policy lifecycle doesn’t end with the initial sale. This post is part of a series sponsored by Selectsys. Instead, the renewal and retention phases are critical touchpoints that can significantly impact an insurer’s …

Policy 246

Policy Insurance Industry Insurer Insured 246

Insurance Journal

AUGUST 12, 2024

Claims that a workers’ compensation insurer’s conduct after it canceled a policy were negligent are for a court, not the state’s workers’ compensation board, to decide, the Connecticut Appellate Court has ruled. Liberty Mutual Insurance Co. had succeeded before both …

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Policy Compensation Claim Workers Compensation 262

Insurance Journal

AUGUST 28, 2024

has a few issues it needs to address, including policies with coverage values above its statutory limit, not sending enough renewals to its Clearinghouse, and failing to beef up its computer security measures, according … Florida’s state-created Citizens Property Insurance Corp.,

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Policy Property Insurance Insurer Insured 279

Insurance Journal

JULY 16, 2024

The Texas Windstorm Insurance Association Actuarial & Underwriting Committee voted on Monday, July 15 to recommend that the TWIA Board of Directors approve a rate filing to increase rates by 10% for 2025 residential policies and by 10% for 2025 …

Policy 278

Policy Underwriting Underwriter Insurer 278

Insurance Journal

JULY 28, 2024

Allstate’s Florida subsidiaries are nonrenewing some 33,000 condominium unit policies over the next several months, delivering another blow for beleaguered condo owners across the state. The Palm Beach Post reported that Castle Key Indemnity and Castle Key Insurance have begun …

Policy 299

Policy Insurer Insured Insurance 299

The Property Insurance Law Observer

OCTOBER 9, 2024

GeoVera Specialty Insurance Company (2024 WL 3952571), the court affirmed that unambiguous policy limits remain enforceable even when an appraisal award exceeds those limits. The appraisal award exceeded the policy limits for certain items. In a recent decision by the U.S. District Court for the Middle District of Florida, Wood v.

Policy 130

Policy Damage Property Damage Insurer 130

Insurance Journal

OCTOBER 21, 2024

According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Access … State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%.

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Policy Commercial Property Commercial Insurance Industry 147

Insurance Journal

OCTOBER 18, 2024

Florida’s insurance commissioner this week issued emergency orders, extending some policyholder cancellation protections in the wake of Hurricanes Helene and Milton. The orders, seen here and here, are in line with similar actions taken after hurricanes. The orders: Extend grace …

Policy 274

Policy Policyholder Protection Insurer 274

Property Insurance Coverage Law

SEPTEMBER 25, 2024

There is a practical aspect of this—you want to represent people and businesses … The post Is the Address Correct on the Property Insurance Policy? appeared first on Property Insurance Coverage Law Blog.

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Property Insurance Insurance Policy Policy Insurer 176

Property Insurance Coverage Law

AUGUST 18, 2024

Many policyholders forget that their insurance policy is a contract and is subject, with exceptions, to the usual laws of contract. An issue that frequently arises is whether the named insured is able to assign insurance proceeds under the policy to another. The answer to that question is dependent on the type of coverage sought.

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Insurance Policy Policy Policyholder Insurer 152

Central Insurance

JULY 20, 2024

The post HVAC Insurance: Five Policies for Your Business appeared first on Central Insurance Blog. In this article, we explore a few of the common HVAC risks and the types of insurance coverage you need to protect your business, employees, and livelihood.

Policy 130

Policy Liability Insurer Insured 130

Central Insurance

AUGUST 2, 2024

The post Flooring Installer Insurance: What Policies Do I Need? Explore comprehensive insights on flooring installer insurance, including coverage options, benefits, and expert tips. Learn how to protect your business and ensure peace of mind in the flooring industry. appeared first on Central Insurance Blog.

Policy 130

Policy Insurer Insured Insurance 130

Property Insurance Coverage Law

AUGUST 16, 2024

At least until recently, when a California appellate court thrust it front and center and applied it to a … The post Can policy limitations or exclusions be disregarded as illusory? The doctrine of “illusory” coverage comes up from time to time in discussions but rarely, if ever, in case law.

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Policy Property Insurance Insurer Insured 152

Insurance Journal

OCTOBER 14, 2024

WASHINGTON (AP) — Residents in the states hit by Hurricane Helene who had coverage through the federal flood insurance program but let it lapse before the storm hit may be able to renew it and still be covered from the …

Policy 257

Policy Insurer Insured Insurance 257

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.

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Protection Policy Insurance Policy Insurer 130

Central Insurance

AUGUST 21, 2024

Explore key policies like general liability, property, and professional liability insurance, ensuring full coverage for your business. The post Business Insurance for LLCs: What Policies Do You Need for Full Coverage? Learn why business insurance for LLCs is essential to protect your assets and operations.

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Business Insurance Policy Professional Liability Insurance General Liability 130

Central Insurance

JULY 30, 2024

Furniture store insurance is a handful of policies designed to protect your business. Learn the right policies to protect your physical assets and ensure your operations can quickly recover after disruptions.

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Protection Policy Insurer Insured 130

The Property Insurance Law Observer

MARCH 12, 2024

The Court considered whether the Plaintiffs’ loss was caused by theft or vandalism, as neither term was defined in the policy. In Cheung, the Plaintiffs, who resided in California, purchased property in scenic Mount Vernon, Washington, in July 2021, and insured the property through a policy of insurance issued by Allstate.

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Theft Insurance Policy Policy Personal Property 130

Central Insurance

JUNE 27, 2024

Read our blog to learn five policies you need for painting business insurance. The post Painting Insurance: Five Policies You Need to Protect Your Painting Company appeared first on Central Insurance Blog.

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Protection Policy Worker Injury Injury 130

Insurance Journal

AUGUST 28, 2024

Ford Motor Co. told employees it would modify its diversity, equity and inclusion initiatives and end participation in a notable ranking by an LGBTQ advocacy group, joining a series of companies including Lowe’s Cos. and Harley-Davidson Inc. in curtailing some …

Policy 289

Policy Liability 289

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. In doing so, the Court considered several policy provisions.

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Policy Risk Insurer Insured 130

Property Insurance Coverage Law

SEPTEMBER 3, 2024

On February 5, 2019, Opera Block’s owner, Timothy … The post Order and Bind Insurance Before the Loss—Commercial Policy Covers Water Damage Under Drain Backup Endorsement appeared first on Property Insurance Coverage Law Blog.

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Commercial Damage Policy Property Insurance 175

Insurance Journal

AUGUST 27, 2024

Lowe’s Cos. is scaling back its diversity, equity and inclusion programs, the latest American company to end such initiatives following a series of activists attacks on firms that promote DEI. The home-improvement retailer will no longer participate in surveys for …

Policy 290

Policy Claim Liability 290

Boyle Agency Insurance

OCTOBER 7, 2024

Regular policy reviews are vital to ensure your life insurance coverage remains relevant and adequate throughout life’s various milestones. A policy review is essential to assess if your current coverage is sufficient to support your partner in the event of your passing.

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Life Insurance Policy Insurer Insured 75

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.

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Property Insurance Insurance Policy Policy Policyholder 111

Insurance Journal

AUGUST 26, 2024

To figure out what really works when nations try to fight climate change, researchers looked at 1,500 ways countries have tried to curb heat-trapping gases. Their answer: Not many have done the job. And success often means someone has to …

Policy 264

Policy 264

The Property Insurance Law Observer

FEBRUARY 14, 2024

29, 2024)), the Court determined that the term “windstorm” was ambiguous as utilized in the subject insurance policy. The insurer paid only a portion of the claim because it maintained that the tornado that struck and damaged the property was a “windstorm” and, therefore, the claim was subject to the policy’s “Windstorm or Hail Deductible.”

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Policy Deductible Damage Property Damage 130

Mark Jackson Insurance Agency

OCTOBER 16, 2024

Multicolored umbrellas by Pixabay When it comes to personal insurance , most people are familiar with their auto , homeowners , or renters policies. However, fewer may be aware of umbrella insurance —a type of coverage that goes beyond the limits of your existing policies to protect you from substantial financial risk.

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Liability Insurance Policy Policy Protection 52

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

Protect Commercial Insurance

OCTOBER 11, 2024

As we face more frequent and intense extreme weather events, insurers are re-evaluating their policies to better manage these growing risks. These impacts not only affect the day-to-day operations of companies but also play a crucial role in shaping the insurance policies designed to protect these properties.

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Commercial Property Commercial Insurance Policy Policy 52

Distinguished

OCTOBER 15, 2024

One common question is whether the contractor and the property owner can be named insureds on the same Builder’s Risk policy. The answer lies in both parties’ financial interest in the property and how that impacts the insurance policy’s structure. Property owners may also choose to add Premises Liability coverage to the policy.

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Policy Risk Broker-Agent Inland Marine 52

LexisNexis

OCTOBER 11, 2024

11, 2024 "On September 25, 2024, USCIS announced that it had updated guidance in the USCIS Policy Manual Child Status Protection Act (CSPA) age for noncitizens who demonstrate extraordinary circumstances. Cyrus Mehta, Kaitlyn Box, Oct.

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Policy Protection Building Claim 49

Top Insurance Blogs

OCTOBER 9, 2024

One key area that can protect your business from unforeseen risks is a Business Owner’s Policy […] The post Business Owner’s Policy (BOP) Explained: Coverage and Advantages in the United States appeared first on My Top Insurance Blogs.

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Policy Insurance Agent Insurance Agents Agents 52

LexisNexis

OCTOBER 2, 2024

Citizenship and Immigration Services is issuing policy guidance in our Policy Manual to further clarify the types of evidence that we may evaluate to determine eligibility for extraordinary ability (E11) EB-1 immigrant visa classifications. For more information, see the Policy Manual, Volume 6, Part F, Chapter 2. USCIS, Oct.

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Policy Building Claim 45

Property Insurance Coverage Law

SEPTEMBER 22, 2024

The court noted that the plaintiff’s expert, Brandon Allen, “actually found that … The post Is the Exact Date of Loss Required in Pleadings Rather Than a Claim and Proof That a Loss Occurred During the Policy Period? appeared first on Property Insurance Coverage Law Blog.

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Claim Policy Policyholder Damage 108

Mark Jackson Insurance Agency

AUGUST 6, 2024

Evaluate your existing life insurance policies and consider whether your coverage needs adjustment to reflect your new marital status. You may find that increasing your coverage or purchasing additional policies ensures both partners are adequately protected.

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Policy Auto Insurance Life Insurance Insurance Policy 52