Property Insurance - Insurance Industry Brief

Examinations Under Oath in New York Property Insurance Claims

Property Insurance Coverage Law

JANUARY 23, 2025

When navigating contested property insurance claims, insured parties may receive a request from their insurer for an Examination Under Oath (EUO). It is a formal proceeding, not unlike a deposition, where an insured is required to answer questions under oath about their insurance claim.

Property Insurance

Property Insurance Insurance Claim Claim Insurance

Florida Legislators to Investigate Whether Property Insurers Used Accounting Tricks to Hide Profits

Property Insurance Coverage Law

MARCH 5, 2025

A new investigation into Floridas property insurance industry is set to begin, raising significant questions about insurer profitability, financial transparency, and the true reasons behind skyrocketing premiums for policyholders.

Property Insurance

Property Insurance Policyholder Premium Insurance Industry

When Does Property Insurance Coverage Start? Only After You Move Into the Home?

Property Insurance Coverage Law

MARCH 4, 2025

AmGuard took the position that the new homeowner had no coverage because she was not living at the premises when she purchased the policy … The post When Does Property Insurance Coverage Start? appeared first on Property Insurance Coverage Law Blog. Only After You Move Into the Home?

Property Insurance

Property Insurance Insurance Insurer Insured

US Property Insurance Rates Fall for First Time Since 2017

Insurance Journal

SEPTEMBER 17, 2024

US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average US property insurance rate decreased 0.94% in the second quarter from a year …

Property Insurance

Property Insurance Insurance Insurer Insured

Mangrove, Another New Property Insurer, Enters Florida Market

Insurance Journal

JANUARY 27, 2025

Former RenaissanceRe executive Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to assume thousands of policies from Citizens Property Insurance Corp. Mangrove, with offices in Tallahassee, will be the 10th new insurer …

Property Insurance

Property Insurance Insurance Carrier Insurance Insurer

Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance

Insurance Journal

SEPTEMBER 11, 2024

An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much of an impact litigation and fraud have had on property insurance losses and premiums, particularly in Florida. The paper, “The Case …

Property Insurance

Property Insurance Premium Insurance Insurer

When Does Property Insurance Coverage Start? Only After You Move Into the Home?

Property Insurance Coverage Law

MARCH 4, 2025

AmGuard took the position that the new homeowner had no coverage because she was not living at the premises when she purchased the policy … The post When Does Property Insurance Coverage Start? appeared first on Property Insurance Coverage Law Blog. Only After You Move Into the Home?

Property Insurance

Property Insurance Insurance Insurer Insured

Florida OIR Approves Smaller Average Rate Increases for Citizens This Year

Insurance Journal

FEBRUARY 9, 2025

Just as many Florida property insurers had hoped to see a boost to the private market with a maximum rate increase for Citizens Property Insurance Corp., state regulators have slashed the rate hike by more than half. After an unusually …

Property Insurance

Property Insurance Insurance Insurer Insured

China Aims to Boost Foreign Investment in Property Insurance Market

Insurance Journal

DECEMBER 6, 2024

China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement. The country will support qualified foreign financial institutions to invest in its property insurance market, and …

Property Insurance

Property Insurance Insurance Industry Insurance Insurer

Moody’s Expects L.A. Wildfires to Increase Property Insurance Costs Across State

Insurance Journal

JANUARY 23, 2025

Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs across California. According to Moody’s, the state’s already noticeable insurance pricing and availability challenges are likely to intensify, with negative …

Property Insurance

Property Insurance Insurance Insurer Insured

New Florida Legislative Leaders Talk Tough on Property Insurance, But No Specific Plans

Insurance Journal

NOVEMBER 20, 2024

Florida’s newest legislative leaders on Tuesday rattled some sabers about property insurance rates and claims but offered no agenda for the upcoming session that begins in March, according to state news reports. Incoming Senate President Ben Albritton, R-Wauchula, warned insurers …

Property Insurance

Property Insurance Insurance Insurer Insured

Manufacturers Hit by Soaring Property Insurance Costs

Insurance Journal

AUGUST 13, 2024

James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall. He’s been …

Property Insurance

Property Insurance Casualty Insurance Insurance Insurer

Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating

Insurance Journal

FEBRUARY 3, 2025

Brand new Florida home insurer Mangrove Property Insurance Co. a financial analysis firm that specializes in rating regional and specialty insurers. As previously reported by Insurance Journal, … has received a Financial Stability Rating (FSR) of “A, Exceptional” from Demotech, Inc.,

Home Insurance

Home Insurance Property Insurance Insurance Insurer

Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes

Insurance Journal

MARCH 5, 2025

Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures. And bills filed before the 2025 Legislature began this week also would require executive pay disclosure by carriers, along …

Insurance Industry

Insurance Industry Property Insurance Insurance Insurer

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Property Insurance Coverage Law

MARCH 18, 2025

Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Policyholder

Policyholder Risk Property Insurance Insurance Companies

Florida Bill Would Limit AI in Claims Denials, Extend Bar on Execs, Raise Surplus Levels

Insurance Journal

MARCH 19, 2025

After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature. One of those bills, Senate Bill …

Insurance Carrier

Insurance Carrier Property Insurance Premium Claim

Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders

Property Insurance Coverage Law

MARCH 13, 2025

1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Commercial Insurance Commercial Property Insurance

Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim

Property Insurance Coverage Law

FEBRUARY 3, 2025

We have battled insurance companies, co-counseled on cases, and discussed property insurance case law at a depth most … The post Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim appeared first on Property Insurance Coverage Law Blog.

Damage

Damage Claim Property Insurance Policyholder

Florida’s Insurance Scandal: The “Incomplete” Report That Almost Stayed Buried

Property Insurance Coverage Law

MARCH 15, 2025

That is, until an investigative journalist, Lawrence Mower, pried it loose from the states grasp, as discussed in Secret Report … The post Floridas Insurance Scandal: The Incomplete Report That Almost Stayed Buried appeared first on Property Insurance Coverage Law Blog.

Premium

Premium Property Insurance Insurance Insurer

Should You Accept Your Insurer’s Initial Wildfire Payout?

Property Insurance Coverage Law

JANUARY 31, 2025

For example, a homeowner … The post Should You Accept Your Insurers Initial Wildfire Payout? appeared first on Property Insurance Coverage Law Blog. For policyholders who have suffered total losses of their homes, many are being offered differing amounts of their Dwelling benefits.

Policyholder

Policyholder Property Insurance Policy Insured

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Property Insurance Coverage Law

MARCH 18, 2025

Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Policyholder

Policyholder Risk Property Insurance Insurance Companies

Insurer’s Fraud and Valuation Arguments Fall Flat: Court Sends Key Issues to the Jury

Property Insurance Coverage Law

MARCH 10, 2025

.” After insurers make that argument, they often state, If we are wrong about the fraud arguments, the most we owe is actual cash value because you did … The post Insurers Fraud and Valuation Arguments Fall Flat: Court Sends Key Issues to the Jury appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Property Insurance Insurance Claim Claim

Why Shouldn’t Insurance Executives Disclose Their Pay?

Property Insurance Coverage Law

FEBRUARY 20, 2025

It also demands transparency … The post Why Shouldn’t Insurance Executives Disclose Their Pay? appeared first on Property Insurance Coverage Law Blog.

Compensation

Compensation Property Insurance Insurance Insurer

Colorado’s Cooperation Code: A Win for Policyholders That Didn’t Pay Off

Property Insurance Coverage Law

MARCH 21, 2025

It sets a clear legal standard: If an insurer wants to rely on a non-cooperation defense, it must first follow a series of procedural steps, including sending formal written notice, giving the insured time … The post Colorados Cooperation Code: A Win for Policyholders That Didnt Pay Off appeared first on Property Insurance Coverage Law Blog. (..)

Policyholder

Policyholder Property Insurance Protection Insured

New York Considers Making Property Insurers Cover Taxi Claims Losses

Insurance Journal

DECEMBER 12, 2024

New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure is one of several options under discussion as the state’s …

Property Insurance

Property Insurance Claim Casualty Insurance Insurance

Colorado’s Cooperation Code: A Win for Policyholders That Didn’t Pay Off

Property Insurance Coverage Law

MARCH 21, 2025

It sets a clear legal standard: If an insurer wants to rely on a non-cooperation defense, it must first follow a series of procedural steps, including sending formal written notice, giving the insured time … The post Colorados Cooperation Code: A Win for Policyholders That Didnt Pay Off appeared first on Property Insurance Coverage Law Blog. (..)

Policyholder

Policyholder Property Insurance Protection Insured

What to Expect after a California Wildfire Property Damage Event

Property Insurance Coverage Law

FEBRUARY 11, 2025

The devastation from a California wildfire property damage event can leave individuals struggling to rebuild their … The post What to Expect after a California Wildfire Property Damage Event appeared first on Property Insurance Coverage Law Blog.

Property Damage

Property Damage Damage Property Insurance Claim

State Farm’s Water Protocol

Property Insurance Coverage Law

FEBRUARY 27, 2025

State Farm General Insurance Company. This case continues to shed light on State Farms handling … The post State Farms Water Protocol appeared first on Property Insurance Coverage Law Blog. Meanwhile, State Farm has been busy suppressing the methods it uses to adjust water loss claims in Tong v.

Property Insurance

Property Insurance Claim Insurance Companies Insured

Beware of a One-Year Deadline to File a Lawsuit—Always Hire a Public Adjuster If Your Insurer Makes You Adjust Your Own Claim

Property Insurance Coverage Law

JANUARY 30, 2025

This is especially … The post Beware of a One-Year Deadline to File a LawsuitAlways Hire a Public Adjuster If Your Insurer Makes You Adjust Your Own Claim appeared first on Property Insurance Coverage Law Blog.

Claim

Claim Policyholder Property Insurance Insurance Policy

Should We Call It the California Unfair Plan?

Property Insurance Coverage Law

MARCH 19, 2025

appeared first on Property Insurance Coverage Law Blog.

Property Insurance

Property Insurance Insured Insurance Insurer

Why Shouldn’t Insurance Executives Disclose Their Pay?

Property Insurance Coverage Law

FEBRUARY 20, 2025

It also demands transparency … The post Why Shouldn’t Insurance Executives Disclose Their Pay? appeared first on Property Insurance Coverage Law Blog.

Compensation

Compensation Property Insurance Insurance Insurer

Thoughts From a Policyholder Attorney of 40 Years About the 2025 Windstorm Conference

Property Insurance Coverage Law

JANUARY 29, 2025

It seems like yesterday, but the world of property insurance claims has changed significantly since 1985. The 2025 Windstorm conference had more of a Texas flare … The post Thoughts From a Policyholder Attorney of 40 Years About the 2025 Windstorm Conference appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Property Insurance Insurance Claim Claim

When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling

Property Insurance Coverage Law

FEBRUARY 14, 2025

According to a report from Futurism, Allstate Is Demanding We Delete These Quotes by Its Exec About How It’s Using AI to Write Insurance Emails,1 … The post When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling appeared first on Property Insurance Coverage Law Blog.

Claim

Claim Policyholder Property Insurance Insurance Claim

Are Catastrophe Claims Adjusters Being Overworked, Provided Too Many Losses to Properly Handle, Provided Wrong Directions to Adjust Losses, or Simply Being Asked to Adjust Claims In a Manner Not Reflecting Good Faith Claims Handling?

Property Insurance Coverage Law

JANUARY 22, 2025

appeared first on Property Insurance Coverage Law Blog. Management did … The post Are Catastrophe Claims Adjusters Being Overworked, Provided Too Many Losses to Properly Handle, Provided Wrong Directions to Adjust Losses, or Simply Being Asked to Adjust Claims In a Manner Not Reflecting Good Faith Claims Handling?

Claim

Claim Property Insurance Insured Insurance

California is Not a Valued Policy Law State—California Has a Valued Policy Law for Valued Policies

Property Insurance Coverage Law

JANUARY 19, 2025

The … The post California is Not a Valued Policy Law StateCalifornia Has a Valued Policy Law for Valued Policies appeared first on Property Insurance Coverage Law Blog. California has a valued policy law for valued policies.

Policy

Policy Property Insurance Insurance Insurer

Should We Call It the California Unfair Plan?

Property Insurance Coverage Law

MARCH 19, 2025

appeared first on Property Insurance Coverage Law Blog.

Property Insurance

Property Insurance Insured Insurance Insurer

California Smoke Soot and Ash Claims—A Cause for Concern

Property Insurance Coverage Law

JANUARY 24, 2025

In one case, he noted the following: As soon as an evacuation order was lifted in her neighborhood, Arlynn Page raced back to … The post California Smoke Soot and Ash ClaimsA Cause for Concern appeared first on Property Insurance Coverage Law Blog.

Claim

Claim Property Insurance Damage Insurance

The Critical Role of Insurance Adjusters and the Growing Disenchantment in the Industry

Property Insurance Coverage Law

MARCH 26, 2025

Property insurance adjustersboth company-employed and independentserve as the backbone of the claims process, ensuring that policyholders receive the full benefits of their coverage as swiftly and fairly as possible.

Property Insurance

Property Insurance Policyholder Damage Claim

Florida Policyholders Are Upset with Stupid Denials of Claims

Property Insurance Coverage Law

FEBRUARY 17, 2025

The insurance representative tried to explain that many of the denials were because most policies do not cover flood. Our firm was asked to represent a … The post Florida Policyholders Are Upset with Stupid Denials of Claims appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Claim Property Insurance Policy

When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling

Property Insurance Coverage Law

FEBRUARY 14, 2025

According to a report from Futurism, Allstate Is Demanding We Delete These Quotes by Its Exec About How It’s Using AI to Write Insurance Emails,1 … The post When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling appeared first on Property Insurance Coverage Law Blog.

Claim

Claim Policyholder Property Insurance Insurance Claim

Policyholder Prevails in Bad Faith Lawsuit

Property Insurance Coverage Law

FEBRUARY 19, 2025

in litigation know, a fundamental tenet of Louisiana Law is that [A]n insurer has a continuing duty of good faith and fair dealing which extends throughout the litigation period. As hurricane claims attorneys on both sides of the v.

Policyholder

Policyholder Property Insurance Claim Insured

Bad Faith Insurance Practices Shielded By “Get Out of Jail Free” Late Payments

Property Insurance Coverage Law

FEBRUARY 10, 2025

State Farm Lloyds 1is yet another example of Texas … The post Bad Faith Insurance Practices Shielded By “Get Out of Jail Free” Late Payments appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Property Insurance Insurance Companies Insurance

The Critical Role of Insurance Adjusters and the Growing Disenchantment in the Industry

Property Insurance Coverage Law

MARCH 26, 2025

Property insurance adjustersboth company-employed and independentserve as the backbone of the claims process, ensuring that policyholders receive the full benefits of their coverage as swiftly and fairly as possible.

Property Insurance

Property Insurance Policyholder Damage Claim

Thoughts From a Policyholder Attorney of 40 Years About the 2025 Windstorm Conference

Property Insurance Coverage Law

JANUARY 29, 2025

It seems like yesterday, but the world of property insurance claims has changed significantly since 1985. The 2025 Windstorm conference had more of a Texas flare … The post Thoughts From a Policyholder Attorney of 40 Years About the 2025 Windstorm Conference appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Property Insurance Insurance Claim Claim

Examinations Under Oath in New York Property Insurance Claims

Florida Legislators to Investigate Whether Property Insurers Used Accounting Tricks to Hide Profits

Trending Sources

When Does Property Insurance Coverage Start? Only After You Move Into the Home?

US Property Insurance Rates Fall for First Time Since 2017

Mangrove, Another New Property Insurer, Enters Florida Market

Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance

When Does Property Insurance Coverage Start? Only After You Move Into the Home?

Florida OIR Approves Smaller Average Rate Increases for Citizens This Year

China Aims to Boost Foreign Investment in Property Insurance Market

Moody’s Expects L.A. Wildfires to Increase Property Insurance Costs Across State

New Florida Legislative Leaders Talk Tough on Property Insurance, But No Specific Plans

Manufacturers Hit by Soaring Property Insurance Costs

Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating

Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Florida Bill Would Limit AI in Claims Denials, Extend Bar on Execs, Raise Surplus Levels

Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders

Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim

Florida’s Insurance Scandal: The “Incomplete” Report That Almost Stayed Buried

Should You Accept Your Insurer’s Initial Wildfire Payout?

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Insurer’s Fraud and Valuation Arguments Fall Flat: Court Sends Key Issues to the Jury

Why Shouldn’t Insurance Executives Disclose Their Pay?

Colorado’s Cooperation Code: A Win for Policyholders That Didn’t Pay Off

New York Considers Making Property Insurers Cover Taxi Claims Losses

Colorado’s Cooperation Code: A Win for Policyholders That Didn’t Pay Off

What to Expect after a California Wildfire Property Damage Event

State Farm’s Water Protocol

Beware of a One-Year Deadline to File a Lawsuit—Always Hire a Public Adjuster If Your Insurer Makes You Adjust Your Own Claim

Should We Call It the California Unfair Plan?

Why Shouldn’t Insurance Executives Disclose Their Pay?

Thoughts From a Policyholder Attorney of 40 Years About the 2025 Windstorm Conference

When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling

Are Catastrophe Claims Adjusters Being Overworked, Provided Too Many Losses to Properly Handle, Provided Wrong Directions to Adjust Losses, or Simply Being Asked to Adjust Claims In a Manner Not Reflecting Good Faith Claims Handling?

California is Not a Valued Policy Law State—California Has a Valued Policy Law for Valued Policies

Should We Call It the California Unfair Plan?

California Smoke Soot and Ash Claims—A Cause for Concern

The Critical Role of Insurance Adjusters and the Growing Disenchantment in the Industry

Florida Policyholders Are Upset with Stupid Denials of Claims

When Artificial Intelligence Becomes Wrongful Intelligence in Claims Handling

Policyholder Prevails in Bad Faith Lawsuit

Bad Faith Insurance Practices Shielded By “Get Out of Jail Free” Late Payments

The Critical Role of Insurance Adjusters and the Growing Disenchantment in the Industry

Thoughts From a Policyholder Attorney of 40 Years About the 2025 Windstorm Conference

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