Insurance Journal

JULY 25, 2024

Evacuation orders and warnings were issued, but the under of residents affected or properties damaged or destroyed has yet … A wildfire that started Wednesday near Chico, California grew quickly to 45,549 acres overnight to become the state’s largest active blaze.

Property Damage 190

Property Damage Damage Insurance Insured 190

Central Insurance

JULY 25, 2024

LRO insurance provides comprehensive protection against commercial property damage, liability claims, and income loss. In this article, we explore the key differences between LRO and general liability insurance and why commercial landlords need to have this coverage. The post What is LRO Insurance?

General Liability 130

General Liability Commercial Property Property Damage Commercial 130

Property Insurance Coverage Law

OCTOBER 5, 2024

When navigating the aftermath of a property damage claim, many homeowners seek professionals to help them secure the best possible settlement from their insurance company.

Property Damage 130

Property Damage Policyholder Property Insurance Damage 130

Agency Height

NOVEMBER 19, 2024

Learn who is at fault in rear-end collisions, how car insurance covers damages, and average payouts for property damage and injuries.

Property Damage 52

Property Damage Injury Damage Insurance 52

Property Insurance Coverage Law

AUGUST 18, 2024

Property damage insurance claims funding by factoring companies is a relatively recent phenomenon in the property insurance claims industry.

Property Insurance 125

Property Insurance Insurance Claim Claim Property Damage 125

McMahon Insurance Agency

AUGUST 7, 2024

Storm surges pose a significant threat to coastal communities, often resulting in catastrophic flooding, extensive property damage, and loss of […]

Property Damage 96

Property Damage Risk Damage Insurance Companies 96

CDC: Workers Compensation

OCTOBER 8, 2024

1][2] Additionally, crashes during roadway incident responses can cause extensive property damage to agency equipment, such as ambulances and fire apparatus.[3] These secondary crashes during responses to roadway incidents contribute to about 50 emergency responder fatalities and injuries annually.[1][2]

Protection 97

Protection Property Damage Injury Damage 97

The Property Insurance Law Observer

SEPTEMBER 23, 2024

The Claim The insured purchased an all-risk insurance policy, providing coverage for property damage, business interruption, and contingent business interruption, among other covered causes and types of loss at the manufacturing facility. It was later determined that there was a leak from a compressed air line.

Damage 130

Damage Business Interruption Property Damage Policy 130

Shield Insurance Agency

AUGUST 20, 2024

Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. Many policyholders may be tempted to file a claim for every little incident in the belief that their insurance policy will cover all damages.

Insurance Claim 52

Insurance Claim Claim Protection Out-Of-Pocket 52

Relation

SEPTEMBER 12, 2023

Not limited to coastal areas, hurricanes are dangerous and can cause major property damage due to storm surge, wind damage and flooding. Each year, hurricane season presents a significant risk to homeowners. Download these helpful Hurricane Preparedness Resources.

Property Damage 52

Property Damage Damage Risk Insurer 52

Top Insurance Blogs

FEBRUARY 20, 2024

A proof that you have purchased Personal Injury Protection (PIP) and Property Damage Liability (PDL) automobile insurance must be presented before you can be allowed to register a vehicle with at least four wheels in Florida.

Property Damage 52

Property Damage Injury Auto Insurance Liability 52

Corvus

JUNE 18, 2024

But the financial and reputational repercussions from cyberattacks are just as real as property damage, and hurt businesses of all sizes. It’s a newer risk that exists behind screens, not wet floor signs. So, with limited budgets, it’s often the first coverage to be deprioritized.

Cyber 40

Cyber General Liability Property Damage Liability Insurance 40

Jackson & Jackson

JANUARY 10, 2024

Property Damage : Traditional cyber policies typically don’t cover physical damage caused by cyber events. General Liability Insurance: to help cover claims your business caused property damage or bodily injury. This can be a critical gap for tech companies with significant physical assets.

Liability Insurance 52

Liability Insurance Cyber Liability Property Damage 52

The Property Insurance Law Observer

OCTOBER 9, 2024

In Wood , the insureds, Nancy and John Wood, filed a claim to their insurer, GeoVera Specialty Insurance Company, for property damage following Hurricane Ian. This decision provides valuable guidance for insurers handling post-catastrophe claims. The appraisal award exceeded the policy limits for certain items.

Policy 130

Policy Damage Property Damage Insurance 130

Protect Commercial Insurance

MAY 30, 2024

In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more. General liability insurance provides coverage for injuries or property damage that occur on your business premises or as a result of your business operations.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 52

Jackson & Jackson

APRIL 26, 2024

Key Coverages for California Property Investors Property Damage : Covers damage to your buildings and contents caused by fire, theft, vandalism, and natural disasters. Liability Protection : Protects against claims of property damage or personal injury caused by you or your operations.

Commercial Property 52

Commercial Property Property Insurance Commercial Business Interruption 52

American Agents Alliance

AUGUST 22, 2024

The legislation, effective January 1, 2025, will increase the current minimum of $15,000 per claimant and $30,000 per occurrence for bodily injury, and $5,000 for property damage (15/30/5), to $30,000 per claimant, $60,000 per occurrence for bodily injury, and $15,000 for property damage (30/60/15).

Auto Insurance 40

Auto Insurance Agents Broker-Agent Property Damage 40

TGS

NOVEMBER 18, 2024

While it covers medical expenses, lost wages, and certain other costs, it doesn’t cover property damage to your car or liability for damages to others. That’s where additional coverage types, like Property Damage Liability (PDL) and Bodily Injury Liability (BIL) , come into play.

Auto Insurance 52

Auto Insurance Injury Damage Property Damage 52

Maritime Insurance International

JUNE 5, 2020

Most home insurance policies offer two main types of coverage: property damage and personal liability. In those cases, however, the policy will usually only cover property damage to your boat while it is on your property. Most home policies typically only offer around $1,000 max for boat property damage.

Property Damage 40

Property Damage Damage Insurance Policy Home Insurance 40

Protect Commercial Insurance

SEPTEMBER 20, 2024

It covers you against claims of property damage, personal injury, or negligence. Whether it involves a claim for property damage or injury, having the right liability insurance means you can avoid personally bearing the costs, which can be substantial.

Liability Insurance 52

Liability Insurance Liability Property Damage Insurance 52

The Property Insurance Law Observer

FEBRUARY 14, 2024

The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. Privilege Underwriters Reciprocal Exchange (2024 WL 322297 (Tex. Dallas Jan. 29, 2024)), the Court determined that the term “windstorm” was ambiguous as utilized in the subject insurance policy.

Policy 130

Policy Deductible Damage Property Damage 130

Property Insurance Centre

JULY 21, 2024

Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim. Aspray’s repeat win is a reflection of their unwavering commitment to delivering top-notch service to their clients, ensuring that they receive the best possible outcome in times of property damage.

Claim 52

Claim Property Damage Property Insurance Building 52

Jackson & Jackson

NOVEMBER 16, 2024

If a client trips over cables during a meeting at your office or your equipment damages their property, General Liability Insurance provides coverage. Business Property Insurance Your servers, laptops, and office equipment are essential for running your IT business.

Insurance Policy 52

Insurance Policy Policy General Liability Workers Compensation Insurance 52

Bankers Insurance

MAY 16, 2024

Coupled with the significant property damages caused by the aforementioned natural disasters, these price increases make claims submitted by policyholders who must repair or rebuild their homes considerably more expensive. Prices for building supplies, such as lumber, concrete, masonry and steel, have skyrocketed in recent years.

Home Insurance 52

Home Insurance Policyholder Out-Of-Pocket Insurance 52

The Property Insurance Law Observer

JUNE 13, 2024

2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy. Certain Underwriters at Lloyd’s, London, et al.

Underwriter 130

Underwriter Underwriting Commercial Property Property Damage 130

Triple-I: Homeowners Insurance

NOVEMBER 5, 2024

Every dollar invested in disaster resilience could save 13 in property damage, remediation, and economic impact costs, suggesting risk mitigation and recovery strategies will become even more essential as natural catastrophe severity increases.

Premium 59

Premium Property Damage Risk Damage 59

LexisNexis

SEPTEMBER 4, 2024

The measure would require AI companies that spend more than $100 million on training an AI model or over $10 million on modifying one to test whether those models could cause mass casualties or major property damage before releasing them to the public.

Property Damage 40

Property Damage Damage Policy 40

Paragon Independent Insurance Agencies

MAY 27, 2024

These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. Protection of Business Property Commercial insurance protects all business property, including buildings on the land, equipment in the yard, inventory, and other assets owned by the company.

Commercial Insurance 40

Commercial Insurance Commercial Protection Business Interruption 40

The Property Insurance Law Observer

MARCH 4, 2024

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

Damage Policy Claim Property Damage 130

Zywave

NOVEMBER 20, 2024

Commercial Property: Extreme weather events continue to lead to extreme property damage. Repairing this damage also continues to be more expensive due to inflation. Employers should prioritize mental health resources and clear policies to handle workers’ comp claims as efficiently as possible.

Workers Comp 52

Workers Comp Commercial Property Cyber Commercial 52

Distinguished

SEPTEMBER 25, 2024

Vandalism : Intentional damage to the job site by third parties, including things like broken glass or graffiti. Property damage : Damages to the building that is being constructed or renovated. Equipment : Covers damages to or theft of equipment used on the job site.

Risk 52

Risk Broker-Agent Insurance Insurer 52

ProWriters

APRIL 3, 2024

E&O typically covers claims related to professional services resulting in financial harm to a client, while Professional Liability covers a wider range of claims, such as bodily injury or property damage. The policy extends coverage for a specified period, typically one year, and can be renewed annually. What does EPLI not cover?

Liability 52

Liability Cyber Property Damage Claim 52

Mark Jackson Insurance Agency

JUNE 5, 2024

Each year, fires in residential areas cause significant property damage. Living Room Area by Terry Magallanes Taking care of fire safety at home is a key part of managing your household. However, many of these incidents may be prevented with the right precautions.

Property Damage 52

Property Damage Damage Protection Insurance Policy 52

Scott Insurance

JULY 9, 2024

Water damage, one of the leading and most costly causes of property damage in the U.S., However, many homeowners are unaware of one simple solution that can prevent damage, save them money and give them peace of mind. is also one of the easiest and least expensive threats to mitigate.

Damage 52

Damage Theft Property Damage Insurance Carrier 52

Distinguished

SEPTEMBER 10, 2024

Our Builder’s Risk program is a comprehensive insurance solution that covers under-construction properties and their works sites against all the most common risk factors. Our program also offers your clients general liability insurance, which can help cover legal costs that can occur on work sites. 

Risk 52

Risk General Liability Broker-Agent Insurance 52

Protect Commercial Insurance

NOVEMBER 1, 2024

Unlike standard home insurance, which is tailored for owner-occupied homes, landlord insurance is crafted to address risks associated with renting out your property. Its primary purpose is to protect landlords from financial loss stemming from tenant-related incidents, property damage, and other rental-specific risks.

Home Insurance 52

Home Insurance Out-Of-Pocket Insurance Insurer 52

LexisNexis

AUGUST 21, 2024

AI Doomsday Bill Moves Closer to Passage in CA The California Assembly’s Appropriations Committee advanced a first-of-its kind bill ( SB 1047 ) aimed at preventing mass human casualties or property damage caused by artificial intelligence.

Property Damage 40

Property Damage Protection Liability Damage 40