Insurance Journal

AUGUST 15, 2024

A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts Appeals Court has held for the first time that “construction …

Property Damage 312

Property Damage Liability Commercial Damage 312

Insurance Journal

JULY 22, 2024

Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a cyber insurance industry not known for …

Cyber 299

Cyber Policy Insurance Industry Insurance 299

Insurance Journal

JANUARY 3, 2025

An insurer failed to properly cancel a workers’ compensation policy because its multiple notices and other conduct were not “definite, certain, and unambiguous” as to the status of the coverage. As a result, Ace America Insurance Co. is obligated to …

Policy 279

Policy Compensation Workers Compensation Insurance 279

Property Insurance Coverage Law

APRIL 12, 2025

Most people dont think much about their insurance policies after they buy them. A bill shows up, they pay it, and life moves on. Insurance becomes almost invisibleuntil something happens.

Insurance Policy 100

Insurance Policy Policy Insurance Insured 100

Insurance Journal

APRIL 10, 2025

The Utah Insurance Department’s Fraud Division is warning consumers about an increase in fake auto insurance policies being marketed to the Hispanic community using WhatsApp. The department has not identified the sellers, but they believe them to be located outside …

Policy 237

Policy Auto Insurance Insurance Policy Insurance 237

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 Insurance Insured Insurer 299

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 299

Policy Insurance Insured Insurer 299

Insurance Journal

JANUARY 16, 2025

That is if immediate policy actions on risks posed by climate change are not … Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090.

Policy 306

Policy Risk 306

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 278

Policy Commercial Property Property Insurance Commercial 278

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 Underwriter Underwriting Insurance 278

Insurance Journal

JANUARY 1, 2025

State Compensation Insurance Fund in California announced that it will declare a $149 million dividend to qualifying policyholders with policies that took effect between Jan. This dividend equals roughly 15% of the estimated annual premium …

Policy 277

Policy Policyholder Compensation Premium 277

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

Property Insurance Coverage Law

JANUARY 4, 2025

This … The post Deeper Analysis of How to Interpret Insurance Policy LanguageWhere Insurance Coverage Nerds Go for the Weekend appeared first on Property Insurance Coverage Law Blog.

Insurance Policy 264

Insurance Policy Policy Property Insurance Insurance 264

Insurance Journal

DECEMBER 25, 2024

A New Jersey appeals court has ruled that the state bar association’s diversity policy of setting aside a certain number of its governance seats for members of under-represented minority groups is a legal exercise of the association’s First Amendment right …

Policy 263

Policy Protection 263

Insurance Journal

OCTOBER 2, 2024

What is being called the first sensor-triggered earthquake parametric insurance policy in the U.S. was purchased by The University of California. Liberty Mutual Reinsurance, part of Liberty Mutual Insurance Group, and Safehub, a technology provider in seismic sensor and risk …

Policy 261

Policy Insurance Policy Risk Insurance 261

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 203

Policy Building Insurance Policy Property Insurance 203

Property Insurance Coverage Law

APRIL 30, 2025

The article … The post Understanding the Total Constructive Loss Doctrine in Property Insurance Policies appeared first on Property Insurance Coverage Law Blog.

Property Insurance 100

Property Insurance Insurance Policy Policy Insurance 100

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 264

Policy Compensation Claim Workers Compensation 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 279

Policy Property Insurance Insurance Insured 279

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

Insurance Journal

APRIL 14, 2025

A Connecticut agent for Allstate Insurance may be sued by an insured who faults the agent for not renewing a flood insurance policy in a timely fashion, thereby depriving the insured of the benefit of lower “grandfathered” flood insurance coverage.

Insurance Policy 246

Insurance Policy Agents Policy Insurance 246

Insurance Journal

DECEMBER 20, 2024

Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. It appears another insurance carrier is turning sour on wildfire-prone California. Liberty stopped writing new condo or rental …

Policy 264

Policy Insurance Carrier Insurance Insured 264

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 264

Business Owners Policy Policy Underwriter Underwriting 264

Property Insurance Coverage Law

FEBRUARY 1, 2025

Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage appeared first on Property Insurance Coverage Law Blog. With six sailboats and a motorboat, I consider myself an enthusiast, though my insurance agent probably sees me as a … The post Boatowners Beware!

Policy 100

Policy Marine Insurance Agents Insurance Agent 100

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%.

Policy 264

Policy Commercial Property Commercial Insurance Industry 264

Central Insurance

DECEMBER 12, 2024

Learn what damages a CGL policy covers, common exclusions, and how tailored endorsements protect contractors and builders. The post What Damages Are Covered by a CGL Policy? appeared first on Central Insurance Blog.

Damage 217

Damage Policy Protection Insurance 217

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.

Insurance Policy 243

Insurance Policy Policy Policyholder Insurance 243

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, …

Policy 263

Policy Claim Damage Insurance Policy 263

Insurance Journal

DECEMBER 25, 2024

In the case of a Georgia-based sperm bank, it’s when the injured party sends the letter a date that came before the clearly worded policy … At what point does a demand from an injured party constitute an insurance claim?

Policy 246

Policy Insurance Claim Claim Insurance 246

Insurance Journal

DECEMBER 5, 2024

has dropped below 1 million policies in force for the first time since July 2022, a milestone that officials said reflects an ongoing depopulation program and an improving market in the state. Florida’s Citizens Property Insurance Corp. Since January of …

Policy 262

Policy Property Insurance Insurance Insured 262

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 …

Insurance Carrier 246

Insurance Carrier Policy Insurance Industry Insurance 246

Insurance Journal

FEBRUARY 11, 2025

A North Carolina insurance agent is awaiting a court appearance next week after he was charged with fraudulently taking out a life insurance policy with Southern Farm Bureau Life Insurance Co. The North Carolina Department of Insurance said that Matthew …

Life Insurance 246

Life Insurance Insurance Agents Insurance Agent Insurance Policy 246

Insurance Journal

NOVEMBER 6, 2024

the largest insurer in the state, has suspended binding on policies, statewide, as yet another hurricane approaches from the Carribbean Sea and Gulf of Mexico. Florida’s state-created Citizens Property Insurance Corp., As of Monday, Nov. 4, “Agents may not bind …

Policy 246

Policy Property Insurance Agents Insurance 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 Insurance Insured 246

Insurance Journal

FEBRUARY 25, 2025

Multi-year market conduct investigations by the New York State Department of Financial Services have resulted in $20 million in fines and consent orders against three dozen auto insurers for failing to timely report new and terminated auto insurance policies.

Auto Insurance 237

Auto Insurance Policy Insurance Policy Insurance 237

Insurance Journal

APRIL 16, 2025

For MGAs and wholesalers, delays in policy issuance can mean missed opportunities and increased costs. This post is part of a series sponsored by Expert Insured. In the fast-paced insurance landscape, time is critical. Built on over 15 years of …

Policy 223

Policy Insurance Insured Insurer 223

Insurance Journal

APRIL 11, 2025

Managing policies within a multi-carrier distribution model can be a complex and resource-intensive task for MGAs and wholesalers. The need to oversee the entire policy lifecycle, combined with carrier-specific … This post is part of a series sponsored by Expert Insured.

Policy 200

Policy Insurance Insured Insurer 200