Insurance Journal

JUNE 10, 2025

Following the “paradigm-shifting” Los Angeles wildfires in January, the 2024-2025 wildfire season will be remembered as a turning point for the insurance industry, and a warning that “wildfire is no longer a seasonal or rural phenomenon,” a new outlook asserts.

Risk

Property Insurance Coverage Law

APRIL 16, 2025

When businesses think about protecting themselves from risk, they often focus on property damage, natural disasters, or customer lawsuits. However, one of the most damaging and often overlooked threats comes from within: employee theft.

Property Damage

Protect Commercial Insurance

APRIL 11, 2025

Image courtesy: Unsplash Definition and Overview Commercial property insurance is a type of insurance designed to protect your business premises and the contents within from loss or damage. Here’s why it’s crucial: – Financial Protection : In the event of loss or damage, the costs can be exorbitant.

Commercial Property

Shield Insurance Agency

JULY 30, 2025

Whether you live near the shores of Lake Michigan or along the banks of the Grand River, understanding your flood risk is crucial. Ann Arbor: The Huron River can pose a flood risk during periods of prolonged rain or snowmelt. The post Top Flood-Prone Areas in Michigan: Is Your Home at Risk?

Risk

AMAXX

MAY 6, 2025

In fact, bad hires aren’t just a performance issuethey are a financial and legal liability , particularly in industries where physical labor increases the risk of injury. Here’s why employers must start treating hiring as a risk management function , and what they can do to mitigate the hidden costs.

Workers Comp

American Agents Alliance

MAY 26, 2025

Becoming a trusted risk advisor is about more than just delivering quotes and writing policies. Agents can differentiate themselves and add value to their services by helping policyholders proactively manage risk, not just insure it. Risk management solutions can help lower a policyholders total cost of risk and increase retention.

Agents

Protect Commercial Insurance

JUNE 6, 2025

This essential coverage acts as a safety net, protecting your investments from unexpected setbacks like theft, damage, or natural disasters. Let’s delve into why this insurance is vital for sound risk management and peace of mind. Without it, all your hard work could crumble in an instant.

Commercial Property

American Agents Alliance

JULY 17, 2025

This can create additional E&O risks for agents and brokers, however, when a policyholder misunderstands their coverage needs or policy language. How E&O Risks Arise From Policy Misunderstandings E&O claims often begin with assertions that the agent failed to adequately recommend or explain coverage to the policyholder.

Risk

Distinguished

MARCH 20, 2025

Additionally, defects in windows, doors, handrails, and stairs not only contribute to drafts and security concerns but also increase the risk of falls. Blocked emergency exits or fire escapes and electrical hazards, including exposed wiring or overloaded circuits, further compound these risks.

Broker

Boyle Agency Insurance

APRIL 4, 2025

Imagine a scenario where a contractor accidentally damages your property or a worker gets injured while working on your home. It ensures that the contractor is financially equipped to handle damages or injuries that may occur on-site. Risks of Hiring Uninsured Contractors Hiring uninsured contractors exposes you to significant risks.

Property Damage

Shield Insurance Agency

JUNE 19, 2025

Business insurance protects you/your business against various risks and potential financial losses that can arise from unexpected events or claims. Peace of Mind Knowing your business is protected against various risks reduces stress for business owners, allowing you to focus on growth and operations.

Business Insurance

TGS

MARCH 17, 2025

So, lets break it down: what exactly is liability only auto insurance, and what risks are you signing up for if you roll with it? Liability only auto insurance steps in to cover the damage youve done to the other guys car or their medical bills if theyre hurt. What About Other Kinds of Damage? Pretty straightforward, right?

Auto Insurance

Distinguished

MARCH 20, 2025

And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options. Without the right coverage, property owners could be exposed to significant financial and legal risks.

Building

Simply Insurance

JUNE 28, 2025

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.

Home Insurance

Scott Insurance

FEBRUARY 19, 2025

However, affordable housing developers focused on rehabilitating, or rehabbing, older properties face many challenges beyond the risks associated with new construction. If heavy machinery is used in proximity to the existing apartment buildings, it raises the potential for accidents or property damage.

Underwriter

Boyle Agency Insurance

FEBRUARY 3, 2025

Builder’s Risk Insurance For major renovations or construction projects, builder’s risk insurance can be invaluable. It provides coverage for property damage and theft of building materials during the renovation process. This coverage safeguards your investment from unexpected setbacks.

Home Insurance

TGS

JUNE 11, 2025

Flood Damage: Not Covered by Standard Policies Here’s the big one. Most homeowners don’t realize that standard home insurance does not cover flood damage. Even homes outside of high-risk flood zones can benefit—25% of flood claims come from low-to-moderate-risk areas. Your base policy won’t usually pay for these upgrades.

Home Insurance

Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

This brief provides an overview of how several factors, including skyrocketing costs from litigation, pose risks to coverage affordability, availability, and other potential economic outcomes for Georgia residents. Data indicates that litigation costs have become a pervasive concern for risk management.

Commercial General Liability

Insurance Journal

MAY 29, 2025

California’s property insurance market remains in turmoil, exacerbated by escalating wildfire risks, insurer withdrawals, and systemic shortcomings in the state’s safety netthe California FAIR Plan. As homeowners confront rising premiums and limited coverage options, comprehensive reform is imperative to stabilize …

Property Insurance

Boyle Agency Insurance

JUNE 30, 2025

Are You Covered For Flood Damage? Natural disasters such as floods can cause a lot of damage to homes and properties. You need flood insurance to cover the damage done to your home and property in NJ. A flood can happen anywhere and even minor flooding can cause a lot of damage to your property.

Damage

Top Insurance Blogs

JULY 14, 2025

Over the last decade, I’ve guided hundreds of freelance professionals in Germany to understand the risks and responsibilities that come with self-employment. This coverage doesn’t protect against car collisions or property damage.

Professional Liability Insurance

Distinguished

MAY 19, 2025

Restaurant owners face a complex set of risks that can disrupt operations and threaten profitability. Why Restaurant Need a Business Owners Policy Restaurants are fast-paced, high-risk environments that face frequent challenges from customer injuries and equipment breakdowns to power outages and spoiled inventory.

Policy

Protect Commercial Insurance

MAY 9, 2025

Owning a retail shop or salon can be a thrilling venture, but it also comes with its fair share of risks. From unforeseen damage to potential customer mishaps, there’s a lot to consider to keep your business running smoothly. Insurance helps protect those investments from potential losses due to theft, fire, or other damages.

Liability Insurance

Insurance Journal

JUNE 6, 2025

5, 2025, at about 2:35 in the afternoon, the first severe hailstorm of the season dropped quarter-size hail in Chatham, Mississippi. According to the federal storm events database, there were no injuries, but it caused $10,000 in property …

Damage

Property Insurance Coverage Law

JUNE 3, 2025

When vandals triggered a sprinkler system in a vacant building, flooding it with over one million gallons of water, the result was not just property damage. Instead, it was a lawsuit that put the scope of all-risk commercial property insurance under scrutiny. The case ofEpperson v.

Commercial Property

Distinguished

MAY 6, 2025

For brokers, understanding inland marine insurance isnt just beneficial; its a strategic advantage for serving clients with unique risks. This guarantees businesses arent left vulnerable to losses from theft, damage, or accidents. Brokers who understand these risks can proactively offer coverage that keeps businesses moving forward.

Inland Marine Insurance

American Agents Alliance

JUNE 12, 2025

How to Avoid Coverage Gaps That Can Lead to E&O Claims When meeting with new clients or existing policyholders at renewal time, be proactive and ask about new risks, exposures, and opportunities. Agents should discuss flood coverage with homeowners and explain their risk and the limitations of their standard homeowner policy.

Claim

Triple-I: Homeowners Insurance

JULY 1, 2025

By Lewis Nibbelin, Contributing Writer, Triple-I Analysis based on granular, cutting-edge data is essential to staying ahead in our rapidly shifting risk landscape. leading many homeowners to forgo investing in at-home risk mitigation like smart home telematics. Estimated to exceed $10,000 annually in 2024 – at a 5.9

Risk

Protect Commercial Insurance

JUNE 20, 2025

Essentially, it covers a variety of risks associated with office environments, aiming to protect both physical assets and financial interests. Here are some key components typically included: – Property Insurance : Protects the physical premises and its contents from damage or loss due to incidents like fire, flood, or vandalism.

Protection

Distinguished

MARCH 10, 2025

Museums require specialized protection against various risks. Our stand-alone Fine Art & Collectibles policy addresses the risks associated with museum collections , including owned items, borrowed works, and display equipment. Fine Art & Collectibles policies ensure more manageable deductibles for museum-specific risks.

Policy

Triple-I: Homeowners Insurance

MAY 13, 2025

Insurers underwrite and price coverage based on the risks theyre assuming, and rising premiums in these states have pushed more homeowners into residual market mechanisms, such as state-backed insurance pools or agencies. Every property being assessed for wildfire risk is unique, the report says.

Risk

LexisNexis

MAY 15, 2025

This is more than a technical glitch it's a serious professional risk. Whether you're drafting a brief, advising a client, or preparing for trial, relying on made-up case law or misquoted authorities can damage your credibility and your case.

Risk

Distinguished

MARCH 6, 2025

Along with this, mold and water damage often due to leaking pipes, poor ventilation, or roof damageposes serious health hazards if not promptly repaired. Insurers view these violations as signs of deferred maintenance and increased risk. Pest infestations are also widespread. Another common problem is heat and hot water deficiencies.

Building

Simply Insurance

JUNE 23, 2025

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.

Home Insurance

LexisNexis

JULY 1, 2025

Discover how nothing says “legacy risk” like a 1972 occurrence clause. Practical Guidance Journal, 2025 Second Edition features guidance for regulating AI in the workplace in 2025, Intellectual Property issues related to deepfakes, the emergence of AI in mergers and acquisitions, and a checklist to help when evaluating AI technology risks.

Policy

Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. Without the right coverage, unforeseen challenges—such as property damage, employee injuries, or legal issues—could put your investment at risk.

Workers Compensation

Mark Jackson Insurance Agency

MARCH 5, 2025

Exterior view of a suburban home by Binyamin Mellish Severe weather can strike at any time, bringing heavy rain, strong winds, hail, snow, or extreme heat that can damage your home. Preparing your property in advance can minimize potential damage, reduce costly repairs, and keep your family safe.

Protection