Insurance Journal

SEPTEMBER 30, 2024

Just as Florida property insurers face another round of storm claims, CBS News has raised questions about alleged insurer fraud stemming from claims incurred in the last major storm – Hurricane Ian, which hit much of southwest Florida two years …

Property Insurance 347

Property Insurance Claim Insurance Insured 347

Property Insurance Coverage Law

NOVEMBER 1, 2024

Note: This guest blog is by Frank Lombard, CPCU, ARM, an independent property/casualty insurance advisor. Not a day passes without reading something about double-digit increases in the cost of home insurance. While to some extent that may … The post Are Home Insurance Consumers Being Duped?

Home Insurance 189

Home Insurance Casualty Insurance Insured Insurer 189

Insurance Journal

OCTOBER 27, 2024

One of Florida’s largest property insurers and one of its smaller carriers reported losses at least partly related to Hurricane Helene, which landed just before the third quarter closed, and from Hurricane Milton, which struck less than two weeks later.

Property Insurance 264

Property Insurance Insurance Insured Insurer 264

Insurance Journal

NOVEMBER 25, 2024

Along with the rising cost of living in many facets of families’ daily lives, property insurance availability and affordability continue to be a challenge across the U.S. Inflation has been persistently increasing repair, labor, and medical costs. And legal system …

Premium 264

Premium Property Insurance Insured Insurer 264

The Property Insurance Law Observer

OCTOBER 16, 2024

In the recent decision Universal Property & Casualty Insurance Co. The court emphasized that under both the insurance policy’s plain language and Florida Statute §627.7011(3)(a), payment of replacement cost value is contingent upon the actual completion of repairs.

Property Insurance 130

Property Insurance Damage Casualty Insurance Policy 130

Insurance Journal

JUNE 10, 2025

Some Florida policyholders and their attorneys have long complained about real or perceived delays in the claims-handling process after a loss. A Florida appeals court ruled last week that telling a jury about those delays may be prejudicial and out …

Claim 263

Claim Policyholder Casualty Insurance Insurance Claim 263

Insurance Journal

FEBRUARY 5, 2025

Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published …

Commercial Insurance 227

Commercial Insurance Commercial Insured Insurer 227

The Property Insurance Law Observer

AUGUST 22, 2024

Hartford Casualty Insurance Co. , 2009) (noting that the collapse provision is ambiguous, but the “clear modern trend” is to hold that collapse coverage provisions provide coverage if there is substantial impairment of the structural integrity of any part of the building); Jemiola Trustee of Edith R. Jemiola Living Trust v.

Building 130

Building Commercial Property Damage Policy 130

Insurance Journal

OCTOBER 9, 2024

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 …

Policyholder 290

Policyholder Claim Damage Insured 290

Insurance Journal

OCTOBER 24, 2024

Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the Global Insurance Market …

Commercial Insurance 290

Commercial Insurance Commercial Insured Insurer 290

Triple-I: Homeowners Insurance

MARCH 4, 2025

Floridas legislative reforms to address claim fraud and legal system abuse are stabilizing the states property/casualty insurance market, according to the latest Triple-I Issues Brief. In addition, the brief says, the number of insurers writing business in the state has rebounded after a multi-year exodus.

Premium 52

Premium Claim Auto Insurance Casualty Insurance 52

Prof. Allan Manning

JULY 5, 2023

Just a reminder that there is only 3 weeks to go before the 2023 Mansfield Awards, which is now in its 7th year! The awards night will be held at The Establishment Ballroom, located at 252 George St, Sydney. The function starts at 6pm, with the awards portion running for approximately 1 hour, during which 6 awards will be presented.

Claim 130

Claim Casualty Insurance Insurance Claim Insurance Industry 130

Prof. Allan Manning

MARCH 5, 2024

I read this morning that the NSW Fire and Rescue have today reported that there have been 45 fires directly related to lithium batteries since the beginning of the 2024 year. Sadly also two people have lost their lives in the fires and possibly a third yet to be confirmed.

Risk 130

Risk Business Interruption Casualty Insurance Property Insurance 130

Prof. Allan Manning

APRIL 7, 2024

The 2024 Mansfield Awards for Claims Excellence are just over 3 months away and we could really do with your help with ensuring the best of the best win. If you have had a claim yourself or are an adviser who has had a client or clients have a claim, we would really appreciate your taking a few minutes to rate the claims service.

Claim 130

Claim Insurance Industry Business Interruption Insurance 130

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Learn More: Triple-I Issues Brief: Legal System Abuse Agents Play Critical Role in Navigating Impacts of Legal System Abuse on Customers Legal System Abuse/Social Inflation Adds Costs and Challenges for US Casualty Insurance: AM Best Who’s Financing Legal System Abuse?

Out-Of-Pocket 64

Out-Of-Pocket Broker-Agent Premium Claim 64

Majesco

APRIL 11, 2024

US commercial Property and Casualty insurers have obtained incredibly high results in avoiding water, non-weather losses, using IoT solutions for risk prevention. If you find a way to reduce the amount of expected losses, this is the game changer. There are some positive things that emerged during 2023 regarding risk prevention.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

Insurance Journal

MAY 18, 2025

Consumer complaints about property-casualty insurers in Florida have more than doubled in the last five years and are on track to reach a new high in 2025, according to data provided by Florida regulators. Insurance industry insiders said the numbers …

Casualty Insurance 297

Casualty Insurance Insurance Industry Insured Insurer 297

Insurance Journal

APRIL 16, 2025

It was once known as Anchor Property & Casualty Insurance Co., based in St. Petersburg, Florida, and launched in 2014. Then it was known as another Florida carrier that had slipped into financial troubles and was placed into an orderly …

Casualty Insurance 221

Casualty Insurance Insured Insurer Insurance 221