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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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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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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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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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Why can’t I get insurance?

Property Insurance Centre

Unfortunately, customers are more often than not caught in the middle, and end up having to fork out more money to pay for policies or settle for lesser cover. Let’s have a look at them… Don’t claim for everything – One thing insurers do not like, is a policyholder that claims over multiple times a year & for the smallest thing.