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California OKs Increase in FAIR Plan Commercial Property Coverage Limits

Insurance Journal

California Insurance Commissioner Ricardo Lara approved a filing from the California FAIR Plan Association to increase commercial property coverage limits. Related: New Fire Maps Put Nearly 4M Californians in Hazardous Zones The approval increases the FAIR Plan’s Division I Commercial

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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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When Vandals Trigger the Sprinklers: The Battle Over Resulting Losses

Property Insurance Coverage Law

Instead, it was a lawsuit that put the scope of all-risk commercial property insurance under scrutiny. Lexington Insurance Company, 1 recently decided by an Ohio … The post When Vandals Trigger the Sprinklers: The Battle Over Resulting Losses appeared first on Property Insurance Coverage Law Blog.

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Today’s Commercial Property Market in ‘Better Place’ Brokers Assess 4 Current Trends: Vacancies, Alternatives, Valuations, Wildfires

Insurance Journal

By Andrea Wells Commercial property insurance rates continue to fall for most accounts after most property insurers saw profitable books in 2024. That’s good news for insureds, commercial property brokers say, as clients begin to see rate reductions at renewals …

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The Importance of Commercial Property Insurance for UK Small Businesses

Protect Commercial Insurance

Introduction When it comes to safeguarding your UK small business, one crucial aspect is often overlooked: commercial property insurance. Just like you wouldn’t drive without car insurance, your business premises need protection too. Without it, all your hard work could crumble in an instant.

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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