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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.

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The Importance of Accurate Valuation in Commercial Property Insurance

Bankers Insurance

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Additionally, property undervaluation can result in coinsurance penalties.

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Blog Post: From Soot to Civil Authority Clauses: Coverage Fallout of the L.A. Wildfires

LexisNexis

Learn about response strategies for coverage counsel to consider as insurers brace for litigation and policyholders prepare to push back on denied claims.

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Blog Post: From Grow House to Doghouse—When Cannabis Cultivation Goes Up in Smoke

LexisNexis

Cannabis Insurance for MRBs: Guidance on Coverage and Exclusions for Policyholders and Insurers Discover the specifics of representative insurance policies that MRBs routinely need. Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

With higher rates and greater net participations, primary insurers face challenges in balancing affordability for policyholders while maintaining the necessary coverage to protect against risks. This is a significant concern as it leaves property owners vulnerable to potential financial losses in the event of a claim.

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Understanding Consumer Education and Property Insurance

Property Insurance Centre

By understanding key terms, policy details, and the rights and responsibilities of policyholders, consumers can engage with insurers more effectively, ensuring better communication and ultimately achieving their desired outcomes.

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Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024

Property Insurance Centre

Aspray’s repeat win is a reflection of their unwavering commitment to delivering top-notch service to their clients, ensuring that they receive the best possible outcome in times of property damage. Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you.

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