Property Insurance Coverage Law Blog
|Lifetime Achievement Award From United Policyholders
United Policyholders provides a forum to help advocate for and educate about the need for policyholder rights. As a result of United Policyholders, I and others with Merlin Law Group have been able to help support the legal rights of our current and future clients. To me, it would just seem natural that a law... Continue Reading
POSTED OCTOBER 18, 2021 10:00 AM
|New York Public Adjusters Have New Consumer Protections To Follow
During the First Party Claims Conference last week, New York attorney Jonathan Lerner and I discussed the new public adjuster regulations that had just come into effect in New York on October 8. The New York Department of Financial Services listed the following in a press release announcing these new regulations: The new consumer protections... Continue Reading
POSTED OCTOBER 17, 2021 12:26 PM
|Rocky Mountain Public Insurance Adjusters Meet on November 3 & 4 in Denver
The Rocky Mountain Public Insurance Adjuster Association (RMAPIA) will hold its Fall Meeting starting on Wednesday, November 3, in Denver. Yours truly will have two special Merlin Law Group attorneys, Larry Bache and Jon Bukowski, explaining what we see as the top property insurance claims trends throughout the Rocky Mountain states and the coverage gaps... Continue Reading
POSTED OCTOBER 16, 2021 2:54 PM
|Colorado Asks For Response On Unilateral Insurer Timelines To Complete Construction or Replacement
The Colorado Division of Insurance (DORA) has requested comments1 on a proposed bulletin about timelines that insurance companies impose upon policyholders to complete repairs and replace damaged property. Here is the proposed bulletin: Why should insurance companies have any deadlines for policyholders to replace or repair damaged property which impact the amount owed by an... Continue Reading
POSTED OCTOBER 15, 2021 6:25 PM
|Is Florida’s Matching Statute a Minimum Limit of Required Indemnity or Can Insurers Contract Out of Matching?
A lawsuit by Olympus Insurance Company challenges Florida’s Office of Insurance Regulation about issues of paying for property that matches following a repair. The lawsuit also challenges whether the Florida matching statute is a minimum limit of indemnity and if insurers can contract out of matching. A big shout-out from all Florida policyholders should go... Continue Reading
POSTED OCTOBER 14, 2021 2:39 PM
Life, Business, Auto, Health, Travel and Home Insurance
|Celebrity Insurance: 3 Celebrities Who Insured Their Body Parts For Millions
One of the weirdest things celebrities in the United States ever insured is their body parts. Celebrity insurance policy is gradually becoming popular. This is because of the value they place on their legs, hair, tongue, etc. In this article, we will answer the question of whether celebrities can insure their body parts, the most expensive insured body parts, why celebrities insure parts of their body, and how to get an affordable celebrity insurance policy. Why Do Celebrities Insure Body Parts For Outrageous Fees? Why do celebrities purchase insurance? They do it to protect themselves against unforeseen financial losses. Others […]
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POSTED OCTOBER 15, 2021 3:16 PM
|7 Reasons Why Your Home Needs a Flood Insurance Policy in the United States
Flood insurance policy is one of the most important protection you will need if you live in an area that is prone to flooding. In our previous article, we talked about some interesting facts about flood insurance but in this article, we will discuss various reasons why you need a flood insurance policy, the cost of flood insurance by state, coverage, and possibly how you can get an affordable flood insurance rate in the United States. 1. Homeowner’s insurance doesn’t cover floods Although homeowners’ insurance policy covers both lightning strikes, volcanoes, and every other thing that falls out from the […]
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POSTED OCTOBER 09, 2021 11:38 AM
|Do Term Life Insurance Premiums Increase Over Time as You Age?
“How does age affect my term life insurance premiums?” is the question many policyholders are asking on Google. It’s the dream of every responsible parent or breadwinner to continue to protect their families or dependents even when they are long dead and buried. In order to do so, they take out life insurance policies to help cover up the cost of all expenses like their funeral, mortgage, education tuition fees, debts, etc. There are basically two major types of life insurance policies that come to mind when you wish to secure the future of your dependents – term life and […]
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POSTED OCTOBER 08, 2021 3:54 PM
|Should I Carry Medical Malpractice Protection as a Nurse?
“Should I carry medical malpractice protection?” is the question on the lips of most nurses. And the right answer is YES. You need medical malpractice insurance. The importance of good personal coverage as a nurse can’t be overemphasized. This is most necessary especially when you change to a new job and your former employer’s liability insurance no longer covers you. What is Malpractice? Malpractice is the failure of a nurse, physician, attorney, or any professional to adhere to a standard code of conduct or care. Medical malpractice occurs when it can be proven that the professional had a duty to […]
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POSTED OCTOBER 07, 2021 11:46 PM
|3 Serious Pet Insurance Mistakes You Must Avoid (Especially #3)
Pet insurance mistakes are common these days because most pet owners no longer pay attention to their “best friend.” Before we dive deep into some of the most frequent pet insurance errors today, let us first and foremost understand what pet insurance is and how to get an affordable pet insurance quote. What is Pet Insurance? Pet insurance is a form of health insurance pet owners purchase for the sake of covering the costs of treating unexpected injuries and illnesses of their pets. When you get the best pet insurance policy from an insurer near you, it helps to lessen […]
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POSTED OCTOBER 07, 2021 4:40 PM
Blogs – Insurance Journal
|Federal Government Seeks Insurance Industry Input on Climate Change
This post is part of a series sponsored by AgentSync. With flooding from hurricane Ida in the east and fires raging on the west coast as a backdrop, the U.S. Treasury Department issued a solicitation for input from the insurance …
POSTED OCTOBER 18, 2021 5:00 AM
|Removing Insurance Risk Scores From Personal Lines Rating Is Not the Answer for Fairness and Consumer Financial Hardship Concerns
This post is part of a series sponsored by TransUnion. Insurance pricing is a complex, multi-variate process. One important variable in the mix is a credit-based insurance score (hereafter, insurance risk score). That’s not the same thing as a credit …
POSTED OCTOBER 14, 2021 7:56 PM
|Personal Cyber Risks Every Homeowner Should Understand
This post is part of a series sponsored by The Cincinnati Insurance Companies. October is National Cyber Security Awareness Month and the perfect time to reach out to your clients with strategies to protect themselves from cyber security risks. In …
POSTED OCTOBER 14, 2021 6:20 PM
|Translating the Top 5 Most Cringeworthy Surety Conversations
This post is part of a series sponsored by Old Republic Surety. As an independent insurance agent, you’ve probably had an awkward moment or two with clients. They’re good learning experiences. In this article, a seasoned surety bond manager shares …
POSTED OCTOBER 13, 2021 5:00 AM
|STDs and the PAP
You may have heard and even laughed about GEICO being sued by a Missouri woman who contracted a sexually transmitted disease (STD) as a result of unprotected sex in a GEICO-insured vehicle. Beyond the sheer inventiveness of the plaintiff, this …
POSTED OCTOBER 12, 2021 4:50 PM
The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
|Cyberattacks on Health Facilities: A Rising Danger
By Max Dorfman, Research Writer, Triple-I As cyberattacks have increased in recent years, one area of particular concern has been those that target hospitals and health systems. These attacks have affected not only private information but also threatened the lives and well-being of patients. A major shift Hospitals rely more than ever on computerized systems … Continue reading Cyberattacks on Health Facilities: A Rising Danger
POSTED OCTOBER 12, 2021 5:48 PM
|Insuretech Connect: Showcasing Innovation
By Loretta Worters, Vice President, Media R-elations, Triple-I Insuretech Connect – the world’s largest gathering of insurance leaders and innovators – last week brought together insurance technology stakeholders to network, share insights, and learn about leading-edge technology across all insurance lines. Conference participants included Pete Miller, president and CEO of The Institutes, who discussed risk … Continue reading Insuretech Connect: Showcasing Innovation
POSTED OCTOBER 11, 2021 7:40 PM
|Building a Robust Cyber Insurance Market Is Focus of Oct. 13 Panel
Triple-I CEO Sean Kevelighan will join a virtual panel on Wednesday, Oct. 13, at 11 a.m., ET, to brief public policymakers on ways to build a robust cyber risk insurance market. “To allow businesses to operate safely in an increasingly interconnected world, insurers are working closely with their commercial customers to mitigate cyber risks and … Continue reading Building a Robust Cyber Insurance Market Is Focus of Oct. 13 Panel
POSTED OCTOBER 07, 2021 2:17 PM
|IRC Releases State-by-State Auto Insurance Affordability Rankings
Louisiana, Florida, and Michigan remain the least affordable states for auto insurance, while Iowa remains the most affordable, according to a new study from the Insurance Research Council (IRC). The report, Auto Insurance Affordability: Countrywide Trends and State Comparisons, looks at auto insurance expenditures as a share of median household income. The IRC affordability index … Continue reading IRC Releases State-by-State Auto Insurance Affordability Rankings
POSTED SEPTEMBER 29, 2021 2:32 PM
|Pandemic DrivesLife Insurance Sales, Especially AmongYoung Consumers
By Maria Sassian, Triple-I consultant The COVID-19 pandemic contributed to a decrease in life expectancy in the United States for the first time in decades, according to the Centers for Disease Control and Prevention (CDC). After climbing steadily for many years, life expectancy fell by 1.5 years from 2019 to 2020 – the largest one-year … Continue reading Pandemic DrivesLife Insurance Sales, Especially AmongYoung Consumers
POSTED SEPTEMBER 22, 2021 7:57 PM