Property Insurance Coverage Law

DECEMBER 31, 2024

… The post The Hidden Health Risks in Fire-Surviving Structures appeared first on Property Insurance Coverage Law Blog. These studies are among the first to investigate air quality within smoke and ash-damaged homes and assess the health effects on occupants.

Risk 189

Risk Property Insurance Damage Insurance 189

Cowbell

MARCH 30, 2025

He who is not courageous enough to take risks will accomplish nothing in life. Accompanying this momentum is an ever-growing global risk pool, spanning over 50 million SMEs across the US, UK, Australia, and beyond. Expect the Cowbell name to remain synonymous with innovation, reliability, and proactive cyber risk management.

Cyber 64

Cyber Underwriter Underwriting Policyholder 64

American Agents Alliance

APRIL 3, 2025

While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders. Read more to understand this relationship and how agents can help policyholders manage this uncertainty. Here are some ways agents can help: Educate policyholders about costs and rising premiums.

Agents 52

Agents Policyholder Premium Auto Insurance 52

Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

This brief provides an overview of how several factors, including skyrocketing costs from litigation, pose risks to coverage affordability, availability, and other potential economic outcomes for Georgia residents. Data indicates that litigation costs have become a pervasive concern for risk management.

Commercial General Liability 89

Commercial General Liability Commercial Umbrella Claim Liability 89

InsuredMine

DECEMBER 26, 2024

This includes insurance solutions that transfer risk and provide financial support for rebuilding efforts. Its about reducing the risks of future climate-related costs and creating conditions for sustainable growth in a world thats already feeling the effects of climate change.

Risk 105

Risk Claim Building Financial Loss 105

American Agents Alliance

JANUARY 4, 2025

Establishing strong, trusting policyholder relationships drives long-term success for many agents and brokers. However, these relationships can also lead to unintended risks, like the possibility of E&O claims if professional boundaries are missed. Practice active listening techniques to learn more about policyholder needs.

Policyholder 52

Policyholder Broker-Agent Agents Claim 52

Zywave

MARCH 3, 2025

To shed light on these challenges and offer guidance on navigating this complex landscape, Risk Strategies Mike Vitulli, Zurich North Americas Bill Chepulis, and Zywaves Jim Blinn and Jeff Cohen recently participated in a webinar titled “Casualty Craziness: Whats the Cause and Whats the Cure.”

Casualty Insurance 52

Casualty Insurance Policyholder Liability General Liability 52

American Agents Alliance

JANUARY 17, 2025

Policyholders are looking for more than just the best rate for their insurance coverage. Many want a trusted insurance advisor to help them understand their risks and how to become more resilient. Read on to learn ways to become a risk resilience expert and optimize customer retention. Conduct personalized risk assessments.

Risk 52

Risk Policyholder Broker-Agent Agents 52

Property Insurance Coverage Law

SEPTEMBER 17, 2024

The world of property insurance covers a lot of specialty risks. Equine and livestock insurance is one of those special risks.

Property Insurance 203

Property Insurance Risk Insured Insurance 203

P&L Financial Services

AUGUST 29, 2024

Working as a senior benefits agent can be incredibly rewarding, yet it’s a career path often misunderstood by many. There are several myths that deter potential agents from pursuing this fulfilling profession. Let’s debunk these myths and reveal the true nature of this important role.

Policyholder 52

Policyholder Risk Agents Insured 52

Cowbell

MARCH 31, 2025

Whether its accidental deletion, hardware failure, ransomware, or cloud outages, the risk is real. At Cowbell, we view backups as a vital step in reducing cyber risk and encourage a backup approach thats realistic, manageable, and aligned with business priorities. But the statistics tell a different story. Ready to commit?

Cyber 52

Cyber Protection Policyholder Risk 52

American Agents Alliance

JANUARY 11, 2025

The recent Eaton and Palisades fires in the greater Los Angeles area are evidence of the increasingly prevalent wildfire risk in California. As stories of resilience and courage emerge and the fires are contained, agents and brokers provide critical insurance support for policyholders.

Insurance Industry 52

Insurance Industry Risk Broker-Agent Policyholder 52

Zywave

NOVEMBER 13, 2024

But with growth opportunities comes risk. We’re prepared to help you grow your distribution network, power your decision making with industry-leading data and insights and empower your teams and policyholders with industry knowledge and expertise. And your own first-party data isn’t going to get you there.

Cyber 97

Cyber Policyholder Insured Insurance 97

American Agents Alliance

FEBRUARY 7, 2025

Social inflation and E&O risks are connected as agents must manage policyholder expectations even as claims costs rise, premiums remain high, and denials are issued for claims policyholders expected to be covered. Learn more about social inflation and E&O risks and how to manage these concerns.

Broker-Agent 52

Broker-Agent Risk Policyholder Agents 52

InsuredMine

JULY 19, 2024

Insurance agencies once focused primarily on assessing risks, underwriting policies, and managing claims. Understanding Predictive Churn Analytics Predictive churn analytics is revolutionizing the insurance sector by enabling companies to shift their focus from traditional risk assessment to proactive customer retention strategies.

Risk 59

Risk Policyholder Insured Insurance 59

Triple-I: Homeowners Insurance

JANUARY 20, 2025

Rather, new technology presents opportunities to facilitate more proactive and individualized risk management than ever before, while also enabling employees to do what this industry does best: engaging with other people.

Insured 59

Insured Insurance Insurer Insurance Carrier 59

Property Insurance Coverage Law

NOVEMBER 20, 2024

Professor Jay Feinman, Co-Director of the Center for Risk and Responsibility, has prepared an analysis of the $308.6 billion figure that concludes it is pure misinformation. 1 The methodology used to arrive at fraud figures given to the media and cited publicly to government authorities by these propagandists is unsound.

Insurance Companies 213

Insurance Companies Property Insurance Insured Insurance 213

American Agents Alliance

MARCH 3, 2025

However, for agents and brokers, these new AI-driven processes can introduce new E&O risks to mitigate and manage. Learn more about managing new E&O risks introduced by AI to ensure AI remains an asset, not a liability. Some of the new risks include: AI-generated quotes may be mispriced or contain incorrect details.

Broker-Agent 52

Broker-Agent Broker Agents Risk 52

Property Insurance Coverage Law

SEPTEMBER 1, 2024

Trade credit insurance is a risk management tool that protects businesses against losses from unpaid invoices or accounts receivable. It covers a company’s trade receivables in case a customer fails to pay due to insolvency, bankruptcy, default, or other reasons specified in the policy.

Property Insurance 184

Property Insurance Insured Insurance Insurer 184

Distinguished

MARCH 20, 2025

Additionally, defects in windows, doors, handrails, and stairs not only contribute to drafts and security concerns but also increase the risk of falls. Blocked emergency exits or fire escapes and electrical hazards, including exposed wiring or overloaded circuits, further compound these risks.

Broker 52

Broker License Insurance Broker Risk 52

American Agents Alliance

NOVEMBER 9, 2024

Independent P&C agents and brokers who reside and work in this region must also know how to help policyholders manage earthquake risk. This requires experience, expertise, and a proactive approach to risk management and mitigation. Learn more about how agents can help their policyholders manage earthquake risk in this blog.

Agents 40

Agents Risk Broker-Agent Policyholder 40

American Agents Alliance

SEPTEMBER 30, 2024

Learn more about how to help policyholders prepare for the unexpected with helpful tips. How to Help Policyholders With Proactive Disaster Planning An important start to disaster planning is considering whether or not a potential loss would be covered by insurance. Provide expert educational services for policyholders.

Policyholder 40

Policyholder Broker-Agent Personal Property Agents 40

Property Insurance Coverage Law

DECEMBER 17, 2024

A recent builders risk insurance dispute out of Tennessee 1 involving collapse caught my attention because of the opening facts recited by the court: How many fallen bricks does a collapse make? Collapse cases and collapse coverage are often complex. Parties can contract to answer that question however they want.

Damage 189

Damage Property Insurance Risk Insured 189

Property Insurance Coverage Law

DECEMBER 24, 2024

At best, you will risk falling or freezing your fingers. Who in their right mind would climb onto their roof in the dead of winter in Idaho? Its freezing outside, ice is forming, and snow piles precariously on every surface. These conditions invite some dummies to slip and fall to ones death.

Property Insurance 189

Property Insurance Insured Insurance Insurer 189

PSM Brokerage

FEBRUARY 27, 2025

The Birthday Rule is gaining traction across the country, allowing Medicare Supplement policyholders to switch plans without medical underwriting around their birthday each year. As this trend continues, the Medicare Supplement landscape will likely see shifting risk dynamics, rising costs, and evolving market competition.

Underwriter 52

Underwriter Underwriting Policyholder Premium 52

Property Insurance Coverage Law

DECEMBER 28, 2024

Americas housing market is teetering on the edge of a crisisa situation fueled by climate change, soaring insurance premiums, underinsurance, and systemic failures in addressing these growing risks.

Premium 185

Premium Property Insurance Insured Insurance 185

Triple-I: Homeowners Insurance

JANUARY 13, 2025

While the perception of overall severe weather risks varies significantly by region, 65 percent of the participants nationwide believed their home is at risk from thunderstorms, according to the new report, Catastrophic Weather Events and Mitigation: Survey of Homeowners by the Insurance Research Council (IRC), a division of The Institutes.

Policyholder 79

Policyholder Claim Premium Risk 79

Triple-I: Business Insurance

JUNE 8, 2022

With this in mind, 73 percent of policyholders said they consider climate change one of their primary concerns, compared with 40 percent of insurers. The key is to match innovative risk transfers with risk prevention and assign accountability within an executive team to ensure goals are top of mind.”

Policyholder 40

Policyholder Risk Underwriter Underwriting 40

American Agents Alliance

DECEMBER 8, 2024

Driven by rapid advancements in technology, shifting risks, and increasing policyholder expectations, the industry will likely have different products and services by the time 2025 draws to a close. Read more about 2025 insurance trends and consider how these risks and opportunities may impact your agency.

Broker-Agent 40

Broker-Agent Agents Broker Risk 40

ProWriters

FEBRUARY 7, 2025

At the same time, AI makes improved risk assessment and protection against cyber threats possible. AI-driven advancements in malicious tactics mean brokers must account for evolving risks in the underwriting process. AI technology allows insurers to identify potential risks more accurately and determine appropriate coverage limits.

Cyber 53

Cyber Broker-Agent Broker Liability 53

American Agents Alliance

FEBRUARY 14, 2025

Policyholders benefit from their agents expertise and knowledge when cross-selling is done well. Learn more about the ethics of cross-selling and how to use it to help policyholders in this blog. It can be a very beneficial practice for agents and policyholders alike when done ethically. Conduct a thorough risk assessment.

Broker-Agent 52

Broker-Agent Insurance Agent Insurance Agents Broker 52

Triple-I: Business Insurance

APRIL 24, 2023

In a recent interview with Triple-I CEO Sean Kevelighan, Harger discussed the importance of preparing for and preventing damage from this risk, which is second only to flooding when it comes to costly weather events. When installed properly, lightning protection systems are scientifically proven to mitigate the risks of a lightning strike.”

Risk 52

Risk Business Interruption Damage Protection 52

American Agents Alliance

MARCH 19, 2025

Data-driven decision making can help improve retention rates by helping agents understand policyholder behavior and make adjustments proactively, before customers shop for other options. How to Use Data Analytics to Keep Policyholders Engaged Retaining a policyholder long-term leads to recurring revenue and an ongoing referral source.

Agents 52

Agents Insurance Agent Insurance Agents Policyholder 52

American Agents Alliance

DECEMBER 3, 2024

But for agents and brokers, the social media E&O risks should be considered before engaging on social media. Understand Social Media E&O Risks Social media is a great way to meet consumers and develop the brand of an agency, but mistakes can turn into costly E&O claims. Include social media E&O risks in your training.

Broker-Agent 40

Broker-Agent Broker Agents Risk 40

The Property Insurance Law Observer

MARCH 12, 2024

After investigating, Allstate denied coverage, invoking the policy’s vandalism exclusion and increased risk provision. The Court added that, “coverage under insurance policies, particularly all-risk policies, is interpreted broadly.” Citing to Allemand v. State Farm Ins. Companies, 160 Wn. 365, 368, 248 P.3d 3d 111 (2011).

Theft 130

Theft Insurance Policy Policy Personal Property 130

LexisNexis

APRIL 1, 2025

Learn how to specify the insurance to be obtained in a building contract so coverage for construction risks is maximized. Impact of Climate Change on Coverage under Builder's Risk Insurance Policies for Renewable Energy Projects Explore issues that might arise under a standard builder's risk insurance policy.

Commercial General Liability 40

Commercial General Liability General Liability Commercial Liability 40

American Agents Alliance

JULY 5, 2024

Agents and brokers can leverage data analytics to help reduce their E&O risk and mitigate losses in several ways. Ways to Leverage Data Analytics to Mitigate E&O Risk Here are some actionable ways independent agents and brokers can use data to mitigate their E&O risk. Improve underwriting accuracy using data.

Risk 40

Risk Broker-Agent Agents Policyholder 40