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Louisiana Court Finds That an Insured Breached its Duty to Cooperate

The Property Insurance Law Observer

June 24, 2024) offers valuable lessons for policyholders regarding the importance of cooperation in the insurance claims process. Following the hurricane, plaintiff submitted an insurance claim with a detailed contents list for $663,682 in personal property losses. The recent decision of Marcantel v.

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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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2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Persist

Triple-I: Business Insurance

Social inflation” refers to the impact of litigation costs on insurersclaim payouts, loss ratios, and, ultimately, how much policyholders pay for coverage. Kurtz said the workers’ compensation line’s multi-year run of underwriting profits is expected to continue, although margins are likely to shrink further through 2024.

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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. By relying on more accurate valuations, insurers can better assess the true value of the property and tailor coverage accordingly.

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Exploring New Risk Frontiers: Essential Insights for the Insurance Sector

Zywave

The increasing frequency and severity of wildfires, hurricanes, and floods are driving up insurance claims and making coverage harder to secure. Insurers must reassess their risk models and pricing strategies to account for these environmental changes. Environmental Risk Factors : Climate change is no longer a distant concern.

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