ProWriters

FEBRUARY 23, 2025

Cyber operations can be conducted by state-sponsored groups, independent hackers, or criminal organizations that may claim to act on behalf of a sovereign power and its political objectives. The gray zone poses significant challenges for not only legal frameworks but also insurance policies.

Cyber 53

Cyber Insurance Insurer Insured 53

American Agents Alliance

APRIL 3, 2025

Because tariffs create higher prices on imported goods, this has both direct and indirect impacts on the insurance ecosystem. For example, the cost of repairing damaged property like vehicles and homes could increase because these items rely on imported goods, which will be more expensive after tariffs are increased.

Agents 52

Agents Policyholder Premium Auto Insurance 52

InsuredMine

DECEMBER 26, 2024

Of this, flooding accounted for approximately $82 billion in damages, yet only $13 billion was covered by insurance, as reported by insurance firm Aon. How InsurTech Improves Claims Management InsurTech companies leverage automation to simplify the claims process.

Risk 105

Risk Claim Building Financial Loss 105

Property Insurance Centre

OCTOBER 18, 2024

Recent data from 2023 and 2024 highlights the financial strain on insurers and property owners alike, driven by more severe storms, heavy rainfall, and unpredictable weather patterns. Rising Claims Due to Extreme Weather In 2023, UK insurers faced record-breaking claims from weather-related damage.

Property Insurance 52

Property Insurance Premium Insurance Insurer 52

Property Insurance Centre

MARCH 19, 2024

It empowers individuals to make informed decisions about insurance coverage and understand their policy rights. Consumer education ensures that individuals are prepared and protected with the proper insurance coverage and are knowledgeable about the claims process. Leads to confusion and potential gaps in coverage.

Property Insurance 52

Property Insurance Policyholder Insurance Insurer 52

Scott Insurance

JANUARY 28, 2022

While insurance coverage is typically relied upon for many property-related losses, there remains a disconnect about how mold claims are often handled by the insurance industry. Underwriting is extensive and involves separate applications/questionnaires and an extensive review of historical claims.

General Liability 52

General Liability Deductible Liability Property Damage 52

Protect Commercial Insurance

OCTOBER 11, 2024

These disasters cause exponential damage to commercial properties. Just imagine: a flood sweeping through a business district, causing structural damage and interrupting operations for weeks, if not months. The financial implications of such events are enormous and insurers certainly take notice.

Commercial Property 52

Commercial Property Commercial Insurance Policy Policy 52

Protect Commercial Insurance

SEPTEMBER 6, 2024

The Rise of Cyber Insurance As cyber threats become more sophisticated and frequent, the demand for cyber insurance has skyrocketed. Companies of all sizes are increasingly targeted by cybercriminals, and the consequences can be devastating—from financial losses to reputational damage.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurance 52

Triple-I: Homeowners Insurance

NOVEMBER 5, 2024

For residents of both communities, this news comes as no surprise; their flood-resistant infrastructure and solar panel power systems have helped them survive several storms and hurricanes with only minor damages, demonstrating the utility of disaster resilience planning. Such planning is expensive to implement.

Premium 59

Premium Risk Property Damage Damage 59

Bankers Insurance

MAY 16, 2024

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. 2023 saw a continuation of many difficult conditions still affecting the homeowners insurance market today. WHAT HAPPENED IN 2023?

Home Insurance 52

Home Insurance Policyholder Insurance Insurer 52

Protect Commercial Insurance

DECEMBER 6, 2024

This era gave rise to specialised insurance products, covering factories, railways, and an expanding workforce. By the 20th century, the insurance industry began to reflect broader societal shifts. – Fraud Detection : AI’s capability to detect anomalies makes it a powerful tool against fraudulent claims.

Commercial Insurance 52

Commercial Insurance Commercial Insurance Insurer 52

Triple-I: Homeowners Insurance

DECEMBER 5, 2024

Virginia and Florida, for example, have long-modeled robust building code systems, leading both to consistently top code adoption rankings especially after the latter saved an estimated $1 billion to $3 billion in averted damages during Hurricane Ian through its modern Florida Building Code.

Building 64

Building Risk Casualty Insurance Premium 64

Triple-I: Homeowners Insurance

JULY 9, 2024

While most farmers are insured against crop damage due to heat conditions and homeowners insurance typically covers wildfire-related losses, Porfilio noted, a “more subtle impact is on roofs that we thought were built to a 20-year lifespan.” This is what the insurance industry is prepared for,” Kevelighan said.

Risk 52

Risk Premium Damage Policy 52

Jackson & Jackson

MAY 22, 2024

. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. It covers property damage, loss of income, liability claims, etc.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurance 52

Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market. Hurricane Harvey 2017 92.0

Property Insurance 52

Property Insurance Commercial Property Liability Insurance 52

Freeway Insurance

NOVEMBER 24, 2024

If two carriages collided, there simply wasnt a huge risk of damage due to their low speed. Laying Down the Law: The First Car Insurance Policies Motorized automobiles started cropping up in the late 1800s. Laying Down the Law: The First Car Insurance Policies Motorized automobiles started cropping up in the late 1800s.

Auto Insurance 52

Auto Insurance Insurance Insurer Insured 52

Boston ERISA & Insurance Litigation

SEPTEMBER 24, 2024

Many of you know that I have been writing about the intersection of the insurance industry and climate change for almost long as this blog has existed.

Insurance 40

Insurance Insurer Insured Insurance Industry 40

Jackson & Jackson

AUGUST 16, 2024

This guide aims to shed light on the basics of homeowners insurance, the challenges specific to California’s insurance market, the reasons why finding coverage is more challenging now, tips for homeowners to navigate these obstacles, and a glimpse into the future of homeowners insurance in the state.

Insurance 52

Insurance Insurer Insured Risk 52

Bankers Insurance

NOVEMBER 15, 2023

These issues can lead to expensive damage, operational disruptions, and potential safety hazards. Property damage: Burst pipes and malfunctioning sprinkler systems can result in substantial water damage to a building’s structure, interior, and equipment, incurring significant repair costs.

Protection 52

Protection Damage Building Property Damage 52

Zywave

NOVEMBER 20, 2024

Employers should prioritize mental health resources and clear policies to handle workers’ comp claims as efficiently as possible. Commercial Property: Extreme weather events continue to lead to extreme property damage. Repairing this damage also continues to be more expensive due to inflation.

Workers Comp 52

Workers Comp Commercial Property Cyber Commercial 52

Triple-I: Workers Compensation

APRIL 20, 2021

Similar federal “safe harbor” legislation for the insurance industry – the Clarifying Law Around Insurance of Marijuana Act (CLAIM Act) – was introduced last month. The CLAIM Act would let these businesses obtain insurance to cover the same risks of theft, damage, injury, loss, and liability as all other businesses.

Risk 40

Risk Workers Compensation Commercial General Liability Liability 40

Bankers Insurance

AUGUST 8, 2024

For example, if an insured’s property is valued at $1 million, but their coverage limit is $700,000 and their policy includes an 80% coinsurance clause, they would likely receive only $43,750 after incurring $50,000 in property damage from a covered event, depending on when their deductible is applied (700,000/800,000) x 50,000 = 43,750).

Commercial Property 59

Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Majesco

JUNE 13, 2024

The number of claims is rising. Severe convective storms are among the most common and most damaging natural catastrophes in the United States with damaging wind, hail, rain, and tornadoes. For several years, the insurance industry has been focused (and rightly so) on the customer experience.

Risk 40

Risk Underwriter Underwriting Insurance 40

Protect Commercial Insurance

JANUARY 10, 2025

Heres how collaboration can enhance offerings in this field: – Comprehensive Coverage Packages : Partnership allows brokers to provide a full suite of insurance products. From property damage and liability to business interruption cover, clients get everything under one roof. Continuous improvement is key to long-term success.

Building 52

Building Broker Commercial Property Insurance 52

Scott Insurance

APRIL 21, 2020

Proper Disclosure to Your Insurance Provider Insurance policies outline terms and conditions of coverage, including what responsibilities the policyholder must comply with in order to maintain coverage. These conditions include notification requirements, including timeliness, of any material change in operations.

Risk 40

Risk Liability Underwriter Underwriting 40

Prof. Allan Manning

FEBRUARY 3, 2025

This means that no Terrorism Levy is charged by Insurers and that if the Federal Government and the Minister for Finance in particular declares some event a terrorism event, then any exclusion found within a Landlord’s policy will not be void and claims where there is an exclusion will not be paid.

Policy 173

Policy Insurance Policy Insurance Insurer 173

Majesco

MAY 9, 2024

So, you say to the friend, “Maybe you should have the tree trimmed or removed before the branches or tree breaks and causes damage to the home.” There are Japanese auto insurers, for example, that are currently giving dashcams to their auto drivers. The carrier has measured a reduction of 13% in their frequency of claims.

Insurance 40

Insurance Insurer Insured Risk 40

Frankenmuth Insurance

SEPTEMBER 26, 2024

Auto Insurance Trends Report published by LexisNexis. Factor #3: Rise in claim severity and attorney-represented claims. When drivers submit claims today, the damages are often more severe due to the unsafe habits mentioned above. Factor #4: New insurance risks from electric vehicle sales.

Insurance 83

Insurance Insurer Insured Auto Insurance 83

Prof. Allan Manning

MARCH 12, 2025

Unlike many organisations where temporary premises can be utilised a distance away from the damaged premises, this was not possible with the facility needing to be within walking distance of the congregation. Thirdly, it is so important that the committee within the Insured entity can and do work cohesively as a team.

Claim 147

Claim Damage Broker Insurance Industry 147

InsuredMine

MAY 5, 2025

The insurance industry is undergoing a digital transformation, and staying competitive requires innovation across every operational area. Traditional loss inspections are slow, manual, and prone to human errorfactors that can significantly hinder an insurers efficiency and customer satisfaction.

Insurance Claim 52

Insurance Claim Claim Policyholder Insurance 52

Rough Notes

APRIL 1, 2025

INSURANCE-RELATEDCOURTCASESDigested from case reports published onlineCOURT DECISIONS No coverage for inherent diminished value Jeffrey Cubberley and Philip Seaver filed suit against The Commerce Insurance Company, seeking declaratory relief for alleged breach of contract.

Damage 52

Damage Insurance Companies Claim Insurance 52

Rough Notes

APRIL 1, 2025

INSURANCE-RELATEDCOURTCASESDigested from case reports published onlineCOURT DECISIONS Insureds fail to use thousands in insurer payments A wildfire occurred near the home of Hovik Gharibian and Caroline Minasian. Although debris entered the home and in their swimming pool, no burn damage was found to the house itself.

Insurance 52

Insurance Insurer Insured Damage 52

InsuredMine

MAY 5, 2025

The Importance of Accurate Underwriting and Pricing in Insurance In the fast-paced world of insurance, accurate underwriting and pricing are fundamental to success. Insurers who fail to ensure accuracy face significant risks, including financial losses, customer dissatisfaction, and reputational damage.

Underwriter 52

Underwriter Underwriting Financial Loss Premium 52

Triple-I: Homeowners Insurance

APRIL 21, 2025

Resilience key to insurance availability Average insured catastrophe losses have been on the rise for decades, reflecting a combination of climate-related factors and demographic trends as more people have moved into harms way.

Risk 66

Risk Building Protection Damage 66