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New Oklahoma Law Limits Post-Loss Assignment of Benefits on Property Damage

Insurance Journal

Oklahoma lawmakers this legislative session passed a bill limiting post-loss assignment of benefits for property damage under auto, residential or commercial property insurance policies. House Bill 1084 prohibits the solicitation or acceptance of an assignment of any post-loss insurance benefit …

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State Farm Loses Roof Water Damage and Bad Faith Trial

Property Insurance Coverage Law

A Missouri jury found that State Farm Fire and Casualty Company acted in breach of its insurance policy and engaged in vexatious refusal to pay, awarding The Progress Project, LLC substantial damages.

Damage 185
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State Farm Loses Roof Water Damage and Bad Faith Trial

Property Insurance Coverage Law

A Missouri jury found that State Farm Fire and Casualty Company acted in breach of its insurance policy and engaged in vexatious refusal to pay, awarding The Progress Project, LLC substantial damages.

Damage 185
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Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

Hawley Insurance Co. 2025)), the United States District Court for the Southern District of New York determined that the plaintiff lacked an insurable interest in property it insured because it did not own or possess the property or suffer economic loss due to the propertys destruction. In Ram Krishana Inc.

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Does Commercial Property Insurance Cover Water Damage?

Tosten Marketing

Water damage can wreak havoc on commercial properties, leading to costly repairs and business disruptions. At Tosten Marketing, we often hear from business owners wondering about their insurance coverage for such incidents. Commercial property insurance water damage coverage is a complex topic with many nuances.

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When Vandals Trigger the Sprinklers: The Battle Over Resulting Losses

Property Insurance Coverage Law

When vandals triggered a sprinkler system in a vacant building, flooding it with over one million gallons of water, the result was not just property damage. Instead, it was a lawsuit that put the scope of all-risk commercial property insurance under scrutiny. The case ofEpperson v.

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Rental Income Loss Insurance for Commercial Properties in Germany

Top Insurance Blogs

When Markus, a seasoned property investor in Berlin, discovered his flagship retail unit damaged during a severe storm last year, it wasn’t the physical damage that concerned him most. It was the loss of rental income during repairs, weeks without tenant payments.