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Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

2025)), the United States District Court for the Southern District of New York determined that the plaintiff lacked an insurable interest in property it insured because it did not own or possess the property or suffer economic loss due to the propertys destruction. Hawley Insurance Co. 2025 WL 371016) (S.D.N.Y.

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New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Tort reform is discussed as a legislative solution to the challenge of legal system abuse excessive policyholder or plaintiff attorney practices that increase costs and time to settle insurance claims. Rising claim frequency and litigation costs put coverage affordability and availability at risk.

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INSURANCE FOR YOUR NJ WEDDING

Boyle Agency Insurance

We serve NJ policyholders in Bergen County where we are located, and greater New Jersey. Property Damage – Valuable gifts get broken, or the wedding gown is ruined. You want to be sure the event is perfect in every way. Even with the most meticulous planning, things can go awry. Devastatingly unexpected things can happen!

Insured 52
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Court Finds No Coverage for Loss Caused by Water Back Up Through a Storm Drain

The Property Insurance Law Observer

26, 2024), the Western District of Washington considered competing motions for partial summary judgment in a property damage case involving a winter storm, where large amounts of rain and melted snow backed the drain up and the force of the water pushed through the exterior door causing damage to the entire basement level.

Damage 130
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Tips for Buying Home Insurance

Bankers Insurance

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.

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Understanding Consumer Education and Property Insurance

Property Insurance Centre

Understanding Consumer Education and Property Insurance As an informed consumer, education on consumer rights and property insurance is crucial. It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. This guide draws on some information from America as well as the UK.

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Blog Post: Construction Defect Litigation: Key Insurance Issues

LexisNexis

Insuring Construction Risks through Commercial General Liability Policies Scrutinize the risks covered by the commercial general liability (CGL) policy and how to specify in a construction contract the insurance to be obtained so that coverage for construction risks is maximized.