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?

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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.

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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 […]

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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]

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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).

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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Scott Insurance

FEBRUARY 7, 2023

Increased Volume and Cost of Auto Claims Your personal auto insurance is designed to pay for the costs that may be incurred due to an accident (property damage/repairs, medical costs). Therefore, if the costs associated with an accident increase, insurance premiums will follow suit.

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Hunton Andrews Kurth

JULY 20, 2023

The parties agreed that the duty to defend only applied where the “bodily injury” or “property damage” was caused by an “occurrence,” which was defined as “an accident, including continuous or repeated exposure to substantially the same general harmful conditions.”

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Scott Insurance

JANUARY 28, 2022

Environmental / Pollution Environmental/pollution policies are available in the market and can contemplate both the first party (property) and third party (general liability – bodily injury/property damage) mold exposure.

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Bankers Insurance

NOVEMBER 15, 2023

Property damage: Burst pipes and malfunctioning sprinkler systems can result in substantial water damage to a building’s structure, interior, and equipment, incurring significant repair costs.

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Property Insurance Centre

MARCH 19, 2024

An immediate response to property damage is crucial. Policyholders should be educated on the importance of documenting damage as it occurs, including taking photographs or videos of the affected areas. This documentation serves as evidence and can support their claims.

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Scott Insurance

FEBRUARY 10, 2023

Development projects come with significant inherent risk and, unfortunately, you can be sued for bodily injury or property damage during and after construction even if you are not responsible. Is Being Listed as an Additional Insured on your General Contractor’s Policy Enough?

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Insurance Journal

AUGUST 1, 2024

People who live near East Palestine, Ohio, can now get $25,000 apiece for any injuries they sustained after last year’s Norfolk Southern freight train derailment on top of whatever money they get for property damage as part of the $600 …

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Insurance Journal

SEPTEMBER 20, 2024

Louis’ Cathedral Basilica, badly damaging it, police said. LOUIS (AP) — A man used construction equipment to drop a heavy boom lift onto a sculpture that has stood for 25 years outside St. It wasn’t immediately clear whether the …

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Cover4LetProperty

OCTOBER 9, 2022

Let’s see how you can get the broadest possible cover at times like these by taking a look at those elements that might be included as standard items for your particular landlord insurance policy or which may be available as extras or add-ons: Loss of rental income your buy to let property is a business investment that relies on the steady income stream (..)

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TGS

OCTOBER 10, 2023

Classic car insurance starts with the minimum liability requirements established by your state (for both property damage and bodily injury ). These policies are customized to fit the needs of your vehicle, so no two policies will be the same. Other elements of standard auto policies can be part of a classic car policy.

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Risk Management Monitor

DECEMBER 17, 2021

Myers, AccuWeather founder and CEO, estimated that the tornadoes are expected to cost about $18 billion in total damage and economic loss. As of Monday, 88 deaths across the region had been confirmed, but over 100 people are also missing, which means the death count may be higher.

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