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New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Property damage liability claims per 100 insured vehicles are 15 percent higher, and relative body injury claims frequency is 60 percent higher. The five-year average count for liability claims increased 24.9 Rising claim frequency and litigation costs put coverage affordability and availability at risk.

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OVERLOOKED AND UNDERINSURED

Rough Notes

Navigating gaps between faulty workmanship and contractors professional liability By Natalie Sherod, CPCU, CRM, CIC Faulty workmanship and contractors professional liability (CPrL) exposures continue to challenge construction firms and insurance advisors alike. CGL policies exclude damage […]

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Blog Post: The Long Tail Bites Back: When Old Policies Haunt New Problems

LexisNexis

Allocation of Latent Injury and Damage Claims State Law Survey Examine the method adopted in each of the 50 states and the District of Columbia of allocating damages for latent bodily injury and property damage claims, which are also called long tail or continuous injury or damage claims.

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Blog Post: From Boilerplate to Blueprint: The Secret Life of Standard Insurance Policy Forms

LexisNexis

ISO Form CG 00 65 04 13 (Commercial General Liability - Electronic Data Liability Coverage Form) Dive into the Insurance Services Office (ISO) form addressing an insurer’s payment of the sums an insured becomes legally obligated to pay as damages because of "loss of electronic data" to which the insurance applies.

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Landlord Insurance: Costs and Coverages in the City

Distinguished

These risks can include property damage caused by floods or fire, and liability coverage if a landlord gets sued by a tenant or building guest. Through these packages, your clients get access to the following coverages: Commercial general liability : Provides up to $1,000,000 per occurrence, with $2,000,000 of coverage in aggregate.

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Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

Insurance Journal

A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts Appeals Court has held for the first time that “construction …

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Blog Post: April Fool’s-Proof Coverage: Manage Construction Risks Through Commercial General Liability Insurance

LexisNexis

Read now » Related Content Builders Risk Insurance and Its Use in Construction Projects Discover the unusual characteristics of builders risk insurance and how features of the coverage differentiate it from other commercial policies that can afford some, but not identical, protection to the policyholder.