Insurance Journal

SEPTEMBER 24, 2024

SureChoice Underwriters Reciprocal Exchange in partnership with SageSure launched a non-admitted business owners policy in California. The program will service more than 400 business classes across eight industries, including restaurants, offices, wholesale, habitational, lessor risks, retail, service, and artisan contractors.

Business Owners Policy 254

Business Owners Policy Policy Underwriter Underwriting 254

Insurance Journal

AUGUST 26, 2024

Conflicting federal policies may force thousands of residents in flood-prone areas to pay more for flood insurance or be left unaware of danger posed by dams built upstream from their homes and worksites, according to an Associated Press review of …

Policy 296

Policy Insurance Insurer Insured 296

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 …

Policy 241

Policy Compensation Claim Workers Compensation 241

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 264

Policy Underwriter Underwriting Insurer 264

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.,

Policy 276

Policy Property Insurance Insurer Insured 276

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 Insurance 246

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

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 233

Policy Insurance Industry Insurance Insurer 233

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 Insurance 192

Insurance Journal

OCTOBER 24, 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 165

Policy Insurance Industry Insurance Insurer 165

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 Insurance 130

Insurance Journal

NOVEMBER 3, 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%.

Policy 130

Policy Commercial Property Commercial Insurance Industry 130

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 Insurance 166

Property Insurance Coverage Law

OCTOBER 30, 2024

Federal courts are creating an almost impossible barrier for policyholders trying to hold their insurance agents accountable for negligence involving National Flood Insurance Program (NFIP) policies.

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Insurance Agent Insurance Agents Agents Policy 179

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 256

Policy Policyholder Protection Insurer 256

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 Insurance Insurer 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 169

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 Insurance Insurer Insured 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.

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Protection Policy Insurance Policy Insurance 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 Insurance Insurer 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

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

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. What Was Its Original Purpose? appeared first on Property Insurance Coverage Law Blog.

Property Insurance 100

Property Insurance Insurance Policy Policy Insurance 100

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.

Policy 130

Policy Protection Worker Injury Injury 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. In doing so, the Court considered several policy provisions.

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Policy Risk Insurance Insurer 130

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 238

Policy Insurance Insurer Insured 238

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 282

Policy Liability 282

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 191

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 284

Policy Claim Liability 284

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 118

Property Insurance Insurance Policy Policy Policyholder 118

Wren Insurance Agency

OCTOBER 23, 2024

Now that we are in the thick of the official hurricane season here in Florida, you may have noticed - if you recently tried to bind a new home insurance policy - that most carriers will stop writing up to a week or two prior to a named storm possibly impacting the state. The more damage, the more likely premiums will rise at renewal.

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Policy Insurance Companies Premium Insurance Carrier 84

Boyle Agency Insurance

NOVEMBER 4, 2024

Exclusion from Homeowners’ Insurance Many homeowners are surprised to find that their standard homeowners’ insurance policies do not cover flood damage. Without a separate flood insurance policy, homeowners may be left with significant repair costs in the aftermath of a flood.

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Insurance Policy Damage Policy Insurance 75

Insurance Journal

NOVEMBER 3, 2024

While recent events have put corporate America’s diversity efforts on defense, the programs continue to receive strong support from employees, according to new research from The Conference Board. The survey gauges employees’ and executives’ perceptions of DEI initiatives and backlash.

Policy 198

Policy 198

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.

Life Insurance 75

Life Insurance Policy Insurance Insurer 75

Jackson & Jackson

NOVEMBER 16, 2024

Ensuring your business has the right insurance policies is not just a smart decision—it’s essential for long-term success. Here are the top 6 insurance policies every IT business in California should have to safeguard their operations. This policy covers medical expenses and lost wages if an employee gets injured or sick while working.

Insurance Policy 52

Insurance Policy Policy General Liability Workers Compensation Insurance 52

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

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 251

Policy 251