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Suit-Limitation Clauses in Property Insurance—File Fast or Lose Everything

Property Insurance Coverage Law

Few things send shivers down a policyholders spine faster than discovering that an otherwise valid claim has been sunk by a missed filing deadline. Travelers Casualty Insurance Company of America. That is exactly what happened in a case decided last week,The Renaissance on Memorial, L.L.C.

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Suit-Limitation Clauses in Property Insurance—File Fast or Lose Everything

Property Insurance Coverage Law

Few things send shivers down a policyholders spine faster than discovering that an otherwise valid claim has been sunk by a missed filing deadline. Travelers Casualty Insurance Company of America. That is exactly what happened in a case decided last week,The Renaissance on Memorial, L.L.C.

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Georgia Commissioner Says Rates to Drop This Year After Tort Reform Passage

Insurance Journal

Georgia Insurance Commissioner John King predicted property-casualty insurance rates will drop 3% to 5% in the next year after lawmakers approved significant tort reform measures. He also seemed to warn insurance companies about filing for major increases, according to news …

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Florida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation

Insurance Journal

Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and low-balled policyholders, Florida’s chief financial officer has issued an emergency rule barring similar actions in Hurricane Milton claims. “Any move …

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How to pick an insurance agent: 6 questions to ask.

Frankenmuth Insurance

Wondering how to choose an insurance agent? Agents who represent only one insurance company are called direct or captive agents. If you know you want a certain brand of insurance, a direct agent can work for you, but be sure to get a detailed quote first. Some offer property and casualty insurance, but not life insurance.

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Does a sagging floor constitute a “collapse”? Court finds ambiguity in “collapse.”

The Property Insurance Law Observer

Harleysville Insurance Company , 2024 WL 3792261 (D. Background The plaintiff-insured provided residential and day habilitation services in a property covered by a commercial package insurance policy issued by the defendant-insurer. This prompted the insured to submit a claim. In Life Skills, Inc.

Building 130
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JIF 2024: What’s In a Name? When It Comes to Legal System Abuse, A Lot

Triple-I: Homeowners Insurance

last year – has commandeered the messaging once associated with insurers, noted Temple, who encouraged the industry to “take back that high ground” of providing “dependability and stability during the worst days of people’s lives” without overuse of brand mascots or jingles. “We We want to pay claims as expeditiously as possible….