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Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

Consequently, the plaintiff was not entitled to indemnity for damage to the property it purported to insure under a commercial property insurance policy. [1] The restaurant property was owned by another company, which was a separate entity with common ownership by the same individuals who owned the business.

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Why Did a Judge Select the Policyholder’s Umpire Over State Farm’s Nominees?

Property Insurance Coverage Law

In a recent federal case arising from a property damage claim, the court was asked to break … The post Why Did a Judge Select the Policyholders Umpire Over State Farms Nominees? appeared first on Property Insurance Coverage Law Blog.

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State Farm VP Apologizes to Homeowner While Allstate Exec Gets Grilled at U.S. Senate Hearing

Insurance Journal

It’s not just some Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports or low-balled property damage estimates in recent years. It’s also major national insurers, according to adjusters and policyholders who spoke at a recent U.S. Senate hearing …

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Built to Code—Not to Carrier Convenience. OID Has to Step in to Remind Insurers to Do the Right Thing

Property Insurance Coverage Law

In the wake of property damage, whether caused by wind, fire, or storm, policyholders rightly expect their insurance to cover the cost of restoring their home or business to its proper condition.

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Insurer’s Use of Conflicting Reports Not Bad Faith, Says Court

The Property Insurance Law Observer

Factual Overview This insurance coverage dispute arose from alleged roof damage caused by a hailstorm. The adjuster concluded that the roof was, in fact, damaged by hail. The large-loss adjuster reinspected the property and hired an engineer to assist. The subject insurance policy covered direct physical loss caused by hail.

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New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Tort reform is discussed as a legislative solution to the challenge of legal system abuse excessive policyholder or plaintiff attorney practices that increase costs and time to settle insurance claims. Rising claim frequency and litigation costs put coverage affordability and availability at risk.

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Best Homeowners Insurance In Maryland To Cover Your Home

Simply Insurance

Home insurance covers your personal property and liability if you are legally liable for injuries or damages caused to someone else. Dwelling Coverage This type of coverage is used to repair or rebuild your home when damage from a covered loss to the physical structure of your home happens.