Property Insurance Coverage Law Blog
|CBS News Report—Public Adjuster Calls Out MAPFRE For Not Paying Puerto Rico Hurricane Claims
“MAPFRE is not paying property insurance claims and is threatening the safety of Puerto Ricans,” was the message public adjuster Jack Hanks noted in a CBS news report. Jack Hanks and David Skipton held a seminar in Tampa earlier this spring for public adjusters just starting out in the public adjusting business. Hanks is an... Continue Reading
POSTED JULY 24, 2021 10:00 AM
|“Residence Premises” and “Where You Reside” Insurance Coverage Gaps—The Killer Exclusion That Is Not Listed As An Exclusion: Part Two
The Big I calls the “where you reside” language found in ISO standard language the “catastrophic homeowners policy exclusion.”1 On its website, it states: We encourage the use of this information to inform agents, insurers, regulators, media, and consumers, and, as warranted, to seek resolution of this potential problem. Most homeowners policies provide coverage for... Continue Reading
POSTED JULY 23, 2021 10:00 AM
|“Residence Premises” and “Where You Reside” Insurance Coverage Gaps—The Killer Exclusion That Is Not Listed As An Exclusion: Part One
A number of questions posed by coverage practitioners recently spiked about residency requirements found in the vast majority of standard homeowners forms. The spike and questions were the result of a particular Order denying a summary judgement.1 The case is still pending in Florida with trial set August 2, 2021. While that case is relatively... Continue Reading
POSTED JULY 22, 2021 10:00 AM
|Meteorology Is Important When Determining Cause of Damage in High Wind and Hail Damage Events
Rocco Calaci is presenting a very scientific discussion on severe weather in a webinar at 11 am ET today. While I am fortunate to work with a number of very highly qualified meteorologists throughout the United States, I once wrote an article asking, Rocco Calaci – Is Rocco the Best Meteorologist?. I noted in that... Continue Reading
POSTED JULY 21, 2021 10:00 AM
|Great American Agrees to Pay Champlain Towers South Property Insurance Claim and More to Be Discussed on Tuesday @2 with Chip Merlin
Great American Insurance Company attorney Bill Wilson of the Mound Cotton law firm announced at a hearing in the Champlain Towers South Case that the insurer would tender its full policy limits and pay additional coverages totaling more than 30 million dollars. The catastrophe was on June 24 and the claims decision was announced only... Continue Reading
POSTED JULY 20, 2021 3:31 PM
Top Insurance Blogs
|5 Common Features of Child Life Insurance Plans
If you truly care about the future of your children, then you can’t afford to get them the best child life insurance plans. The essence of having Child Plans is for parents to be able to meet the financial future requirements of their children whether they are alive or dead. Child Plans can come in the form of either insurance or any other form of investment opportunity. Comprehensive child plans will pay you a huge amount of money when your policy matures. Other amazing benefits that come alongside your child’s plans are coverage for expenses such as, child’s school fees, […]
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POSTED JULY 13, 2021 4:51 PM
|How Your Career Can Affect Your Term Life Insurance Premium
Many factors go into determining your term life insurance premium, including the risks involved at your job. Purchasing life insurance is vital for anyone and can leave your loved ones with the right amount of financial stability. It doesn’t have to be extremely expensive if you search around for an affordable life insurance quote online on different comparison websites. The purpose of term life insurance is to take care of your dependents in a tragic accident. Find out what factors go into determining your premium and how you can make sure your high-risk career doesn’t get in the way of […]
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POSTED JUNE 17, 2021 10:17 PM
|5 Ways to Survive the Next Hurricane and Avoid the Games Your Insurance Company Plays
The Weather Company predicts that the 2021 hurricane season will be more active than usual. When these natural disasters hit, they leave in their wake families having to pick up the pieces. Will you be ready? Often the first place people turn after a major hurricane is to their insurance companies. This makes sense. Insurance companies promise to be there with a check and a hug. Unfortunately, many homeowners don’t realize they may also need to protect themselves from the games their insurance companies play. So let’s consider what you can do now to make sure you’re ready to deal […]
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POSTED MAY 21, 2021 10:16 PM
|3 Key Facts About Plumbing and Drainage Cover You Need to Know
A lot of our readers in the United States, Canada, Australia and the United Kingdom asked us if plumbing and drainage cover is worth getting. The answer is yes. The importance of having plumbing and drainage cover in the UK can’t be overemphasized. As a landlord or a homeowner, it’s your sole responsibility to fix the plumbing in your property whenever there’s damage. Having insurance for your plumbing and drainage will go a long way to save cost for you and as well speed up the repair. In this article, we shall look at some fun facts about plumbing and […]
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POSTED MAY 02, 2021 11:55 PM
|Why Should My Credit History Count When Buying Car Insurance?
Your credit history plays a vital role when it comes to getting the best car insurance rate. Most insurance companies will always hard check your credit history before approving your application if you intend to pay for your car insurance policy monthly. A bad credit score tells them that you are too risky to sell a policy to and as a result, they will increase your car insurance cost. In some cases, they might as well reject your request. The only states in the United States where government policies don’t permit insurance companies to check your credit rating before approving […]
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POSTED MAY 01, 2021 5:52 PM
Blogs – Insurance Journal
|Mistakes on Certificates Versus Clear Policy Language
“Can a certificate of insurance limit the breadth of protection provided by the insurance policy and endorsements?” This has to be the weirdest certificate of insurance (COI) question I have ever been asked. Generally, the question goes the other way, …
POSTED JULY 23, 2021 5:26 PM
|Transitioning from FastBonds to a Standard Bond Program
This post is part of a series sponsored by Old Republic Surety. Especially now, at the leading edge of the post-pandemic construction boom, your agency’s contractor clients may need to increase their bonding capacity to take on more and larger …
POSTED JULY 12, 2021 7:57 PM
|Silent Cyber: An Issue Making Noise Across Industries and Coverage Lines
This post is part of a series sponsored by Amwins. As cyber events evolve in sophistication, scale and frequency, property and casualty line carriers are growing concerned about the potential for unintended claims. These cyber risks, which property and casualty …
POSTED JULY 12, 2021 5:00 AM
|Five Ways to Position Workers’ Compensation in a COVID-19-impacted World
This post is part of a series sponsored by The Hanover Insurance Group. With prevailing economic pressures widely expected to persist, more and more businesses will consider different ways to adapt, including the possibility of smaller, less skilled, and/or over-burdened …
POSTED JULY 08, 2021 5:00 AM
|Florida Rejects PIP Reform Again
It might be shocking, but not only do I work for the fine people who publish Insurance Journal, but I read Insurance Journal. I’m particularly interested in reading it when I get an email from a friend, asking for my …
POSTED JULY 02, 2021 11:42 AM
The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
|As Nat Cat Losses Mount, A Resilience Mindset Matters More Than Ever
Insurance is essential for individuals, businesses, and communities to recover quickly from natural catastrophes – but perils have evolved to a point at which risk transfer, though necessary, isn’t enough to ensure resilience. Triple-I CEO Sean Kevelighan said during a that better insured communities recover more quickly but “the long-term resilience of both the communities … Continue reading As Nat Cat Losses Mount, A Resilience Mindset Matters More Than Ever
POSTED JULY 22, 2021 5:31 PM
|Litigation Fundingand Social Inflation: What’s the Connection?
Second post in a series on social inflation and litigation funding Litigation funding – in which third parties assume all or part of the cost of a lawsuit exchange for an agreed-upon percentage of the settlement – is often cited as contributing to social inflation. But, like so much else associated with social inflation, it’s … Continue reading Litigation Fundingand Social Inflation: What’s the Connection?
POSTED JULY 21, 2021 4:56 PM
|100 Deadliest Days Are Here; Teen Drivers Take Heed
Teenage drivers are on the roads in full force these days, whether reconnecting with friends after tough months of social isolation or commuting to summer jobs. Summer has always been a dangerous time for young drivers. The period between Memorial Day and Labor Day has been dubbed the “100 Deadliest Days” due to the high … Continue reading 100 Deadliest Days Are Here; Teen Drivers Take Heed
POSTED JULY 20, 2021 2:18 PM
|Social Inflation:Eating the ElephantIn the Room
“Social inflation” refers to rising litigation costs and their impact on insurers’ claim payouts, loss ratios and, ultimately, how much policyholders pay for coverage. It’s an important issue to understand because – while the tactics associated with it typically affect businesses perceived as having “deep pockets” – social inflation has implications for individuals and for … Continue reading Social Inflation:Eating the ElephantIn the Room
POSTED JULY 14, 2021 3:38 PM
|Unethical Contractors Emerge After Disasters; Know How to Avoid Them
Natural disasters create opportunities for unethical contractors, and consumers need to be on the alert. Post-disaster repair scams typically start when a contractor makes an unsolicited visit to a homeowner and pressures the homeowner to pay the contractor their insurance claim money – then disappear without doing the work. Triple-I is teaming up with the … Continue reading Unethical Contractors Emerge After Disasters; Know How to Avoid Them
POSTED JULY 09, 2021 8:39 PM