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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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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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Is Waiving Forfeiture Clauses Possible? Unlocking Possible Overlooked Arguments for Coverage

Property Insurance Coverage Law

Ohio Casualty Insurance Company, 1 is a case decided last week involving vacancy clauses often found in property insurance policies, the impact of forfeiture clauses, and how those clauses can be waived. Sinjel, L.L.C.

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AM Best Reaffirms Frankenmuth Insurance’s Financial Strength and Stability With An A (Excellent) Rating

Frankenmuth Insurance

These high ratings represent Best’s assessment of Frankenmuth Insurance Company and its property and casualty insurance subsidiaries: Ansur America Insurance Company, ASure Worldwide Insurance Company, Fortuity Insurance Company, and Patriot Insurance Company.

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

Triple-I: Homeowners Insurance

Opaque, ill-defined language empowers predatory “ billboard attorneys ” to define these terms themselves, contributing to pervasive policyholder distrust, said Jeff Sauls, Farmers Insurance head of legislative affairs. Clear communication is key, the participants agreed. Notice of intention to sue is also down by double digits.

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The Pressures of Operational Optimization

Majesco

US commercial Property and Casualty insurers have obtained incredibly high results in avoiding water, non-weather losses, using IoT solutions for risk prevention. We are starting to see it on homeowners insurance. Insurers are giving devices to policyholders that address these problems in order to improve the loss ratio.