The Property Insurance Law Observer

JUNE 13, 2024

Certain Underwriters at Lloyd’s, London, et al. 2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy.

Underwriter

The Property Insurance Law Observer

AUGUST 22, 2024

2024), the District Court of Massachusetts found that “collapse” provisions within a commercial property policy were ambiguous where a floor merely sagged without completely falling to the ground. Underwriters at Lloyd’s, London , 2012 WL 2020168 (D. Great Am.

Building

Jackson & Jackson

MAY 22, 2024

Multi-unit commercial properties in California offer investors the potential for significant returns. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It covers property damage, loss of income, liability claims, etc.

Property Insurance

Protect Commercial Insurance

DECEMBER 6, 2024

Introduction The world of commercial insurance is constantly evolving, adapting to meet the changing needs of businesses. Whether you’re a small business owner, an industry leader, or just curious about the future, understanding these key trends will be essential in navigating the commercial insurance world.

Commercial Insurance

Risk Management Monitor

AUGUST 9, 2022

Many commercial property policies contain provisions that any lawsuit against an insurer must be filed within one year following the “inception of loss,” otherwise it is barred. In 2018, the 5 th Circuit Court of Appeals took things a step further in Certain Underwriters at Lloyd’s of London v. Lowen Valley View, L.L.C.

Damage

Property Insurance Centre

JANUARY 4, 2024

. “Insureds need to be aware of the potential risks they face and work closely with their insurers to understand the coverage limitations and take proactive measures to protect their properties.” Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

Property Insurance

Distinguished

AUGUST 26, 2024

Distinguished’s Builder’s Risk Program covers all kinds of buildings in Michigan, including single-family homes , mixed-use buildings , and commercial properties. Developers : In larger commercial projects, developers need to be included on the policy. What Kinds of Projects Will Distinguished Cover in Michigan?

Risk

Property Insurance Centre

NOVEMBER 11, 2024

In other cases, it will be due to underwriting appetite of insurers and their ever changing attitudes to risk. For example, many commercial buildings and retail business will often have large theft excesses applied, as a result of theft & malicious damage claims. Getting an alarm will often be a deterrent in the first instance.

Insurer

Distinguished

SEPTEMBER 10, 2024

This includes projects that involve: Betterments Renovations New Construction We also insure a variety of building types, including single-family homes , mixed-use buildings , and commercial properties.

Risk

Property Insurance Centre

AUGUST 8, 2024

The premium requested will depend on numerous underwriting factors, such as how long you think it will be empty for & the postcode. We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. So give us a call of fill in an online form and we will be in touch.

Insurer

Distinguished

SEPTEMBER 25, 2024

Whether it’s a construction project for a single-family home , a mixed-use building , or a commercial property, Distinguished’s Builder’s Risk Program has got it covered. Developers : In larger commercial projects, developers need to be included in the policy. What Does Distinguished’s Builder’s Risk Cover?

Risk

Majesco

APRIL 11, 2024

If we don’t get down to addressing the loss ratio — underwriting, pricing, risk selection, and claims management — for many carriers, even if they cut costs by 100%, they’re still not going to be profitable. This isn’t just because of the size of their expense ratio. Here is a positive trend, for example.

Commercial Property