Property Insurance Coverage Law

MARCH 13, 2025

In a recent decision that offers crucial guidance to policyholders and public adjusters about how to interpret commercial insurance contracts, the Fourth Circuit Court of Appeals sided with the policyholder, highlighting a key lesson about insurance policy interpretation: When insurance language is ambiguous, courts will interpret any ambiguity in favor of the policyholder. 1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property In

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Policyholder Commercial Insurance Commercial Property Insurance 188

The Property Insurance Law Observer

MARCH 20, 2025

In Ram Krishana Inc. d/b/a Motel 6 Sulphur v. Mt. Hawley Insurance Co. (2025 WL 371016) (S.D.N.Y. 2025)), the United States District Court for the Southern District of New York determined that the plaintiff lacked an insurable interest in property it insured because it did not own or possess the property or suffer economic loss due to the propertys destruction.

Property Damage 130

Property Damage Damage Insured Insurance 130

Insurance Journal

MARCH 26, 2025

Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging from unprecedented wildfires to hurricanes and floods.

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Insured Insurance Insurer 280

Redbird Agents

MARCH 18, 2025

Redbird Training - We offer live Redbird training classes for Producers every Tuesday and Thursday. We specialize in helping independent insurance agency owners navigate the complex process of selling their agency. Whether you are considering retirement, looking to capitalize on the market value of your agency, or exploring strategic mergers, our team of seasoned business brokers is committed to guiding you through every phase of the sales process.

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Insurance Agency Broker-Agent Insured Insurance 130

Advertiser: Trellis

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

Triple-I: Workers Compensation

MARCH 24, 2025

By Loretta L. Worters, Vice President, Media Relations, Triple-I Growing up, Tracy Ryan always loved math. It came to her naturally. She liked the patterns, structures, and precision of math the poetry of logical ideas as Albert Einstein put it. When she went to college, and then onto graduate school, her focus was on pursuing a career that aligned with her favorite subject.

Workers Compensation 90

Workers Compensation Insurance Industry Compensation Building 90

Property Insurance Coverage Law

MARCH 15, 2025

Floridas homeowners have been paying ever-increasing insurance premiums, but where has all that money been going? A secret state report, which regulators conveniently left unfinished and never shared with lawmakers, might have held the answer. That is, until an investigative journalist, Lawrence Mower, pried it loose from the states grasp, as discussed in Secret Report … The post Floridas Insurance Scandal: The Incomplete Report That Almost Stayed Buried appeared first on Property Insuranc

Premium 189

Premium Property Insurance Insured Insurance 189

LexisNexis

MARCH 6, 2025

By Madison Johnson, Esq. | Manager, Large Markets In recent discussions , legal industry experts have highlighted the potential of agentic AI systems as a transformative force for law firms aiming to leverage cutting-edge technology for competitive gain. This perspective is gaining widespread recognition. The traditional image of a lawyer pouring over dusty tomes and case files is fading as AI-powered tools are becoming integral to legal practice, reported National Law Review in February 2025.

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Agents Risk 104

Insurance Journal

MARCH 20, 2025

The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations of societies across the 27-nation bloc as it becomes intertwined with state-sponsored destabilization campaigns.

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Crime Theft Cyber 161

PSM Brokerage

MARCH 12, 2025

Source: Forbes Medicare remains a cornerstone of health coverage for older adults in the U.S., providing essential benefits to more than 67 million Americans as of April 2024. With nearly half of all beneficiaries enrolled in Original Medicare and the other half opting for Medicare Advantage , the program continues to evolve to meet the needs of its diverse population.

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Agents Insurance Agents Insurance Agent Building 84

Advertiser: Trellis

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

Claim

Splash: Finance and Insurance

MARCH 21, 2025

Over 5,000 vessels – equivalent to 14.5% of the global merchant fleet – operate under registries with less than 10% ratification of International Maritime Organization and the International Labour Organization conventions, increasing exposure to enforcement actions, according to new data from analytics firm Kpler.

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Risk Insurance Insured Insurer 100

AMAXX

MARCH 18, 2025

When a workplace injury occurs, selecting the right physician is a critical factor in ensuring a smooth recovery and return to work. However, employers frequently make two common mistakes when directing employees to medical care: blindly using the network and providing an invalid doctor list. These errors can have significant consequences, including prolonged recovery times, increased claims costs, and a greater likelihood of litigation.

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Workers Comp Workers Compensation Injury Compensation 92

Property Insurance Coverage Law

MARCH 10, 2025

Fraud allegations in insurance disputes are serious business. When an insurer claims a policyholder intentionally misrepresented facts, its essentially saying, “You lied, and we dont have to pay.” After insurers make that argument, they often state, If we are wrong about the fraud arguments, the most we owe is actual cash value because you did … The post Insurers Fraud and Valuation Arguments Fall Flat: Court Sends Key Issues to the Jury appeared first on Property Insurance Cov

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Policyholder Property Insurance Insurance Claim Claim 189

Solstice Insurance Broker

MARCH 4, 2025

As an insurance broker, you want to offer your clients solutions that are comprehensive in terms of coverage and appealing when it comes to cost. Bundling dental and vision insurance is a fantastic way to boost the value of what you offer. You can cater to a variety of client needs and make the purchasing process more streamlined.

Insurance Broker 113

Insurance Broker Broker Insured Insurance 113

Insurance Journal

MARCH 19, 2025

Extreme weather last year including typhoons, heatwaves and flooding led to the biggest displacement of people since 2008, and exacerbated a food crisis in more than a dozen countries, according to a report.

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PSM Brokerage

MARCH 24, 2025

The Centers for Medicare & Medicaid Services (CMS) has officially withdrawn the proposed changes to the Special Election Period (SEP) for Individuals Affected by a Government Entity-Declared Disaster or Other Emergency. Previously, CMS announced that starting April 1, 2025 , beneficiaries would need to call 1-800-MEDICARE to use this SEP. However, this requirement will no longer be implemented.

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Agents Policy Insurance Agent Insurance Agents 98

Splash: Finance and Insurance

MARCH 10, 2025

Greeces Performance Shipping has secured financing for its third newbuilding in China through another sale and leaseback deal.

Insurance 93

Insurance Insured Insurer 93

Prof. Allan Manning

MARCH 4, 2025

Having attended every major natural catastrophe as LMI since 1999, both LMI Group and Aequum Adjusters have activated their respective Catastrophe Response plans putting in place the resources required to respond to the expected claims from Cyclone Alfred. We naturally hope that the cyclone changes course again and moves away from the coast but if the predications are correct and it will hit landfall in a very populus part of Australia, both organisations are set to provide the best possible res

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Insurance Broker Broker Claim Business Interruption 235

Property Insurance Coverage Law

MARCH 18, 2025

Derek Chaiken and I visited a number of burned-out homes where our clients lived until the recent Los Angeles wildfires destroyed everything they owned. Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Policyholder 233

Policyholder Risk Property Insurance Insurance Companies 233

AMAXX

MARCH 24, 2025

In this three-part series, we are examining nine elements of independent premium audits to help you better understand and control your workers’ compensation premiums. In the first part, we explored three elements to premium audits on how audits verify payroll accuracy, correct employer classifications, and handle standard exceptions. These foundational aspects are crucial for ensuring accurate premium calculations and avoiding costly mistakes.

Workers Comp 102

Workers Comp Premium Workers Compensation Compensation 102

Insurance Journal

MARCH 18, 2025

Australian pension fund Active Super has been fined A$10.5 million ($6.7 million) for making a number of misrepresentations about its environmental, social and governance credentials amid a regulator push to stamp out greenwashing.

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PSM Brokerage

MARCH 5, 2025

The biggest event in the Medicare space is just around the corner, and PSM Brokerage is gearing up to make a splash at Medicarians 2025 in Las Vegas! This is where the top minds in Medicare, insurance, and senior health come together to network, learn, and take their business to the next level. And guess what? Well be there, and we want to meet YOU!

Life Insurance 103

Life Insurance Agents Insurance Insurer 103

Solstice Insurance Broker

MARCH 12, 2025

Nurturing your current prospects and clients is key to the success of your business. It's also important to spend time and energy reconnecting with past contacts and prospects that have become stale.

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Building Insurance Broker Broker Insurance 147

Splash: Finance and Insurance

MARCH 31, 2025

How can you plan for the future when the present is so uncertain, writes Pierre Aury? Scenario planning involves looking at different scenarios with associated assumptions and events. These scenarios are not forecasts but views of how the future could unfold. These scenarios only need to be plausible.

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Insurance Insured Insurer 94

Property Insurance Coverage Law

MARCH 4, 2025

How many of us move into a home before purchasing it? How many days do you have to move into a new home after purchase to keep your insurance coverage valid? AmGuard took the position that the new homeowner had no coverage because she was not living at the premises when she purchased the policy … The post When Does Property Insurance Coverage Start?

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Property Insurance Insured Insurance Insurer 176

Insurance Journal

MARCH 13, 2025

The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network.

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Broker Cyber Liability 154

Insurance Journal

MARCH 18, 2025

Baloise Holding AG and Helvetia Holding AG have been exploring a possible combination that could create one of Switzerland’s largest insurers, according to people familiar with the matter.

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Insured Insurance Insurer 143

Insurance Journal

MARCH 20, 2025

Soundview Transportation faces a series of penalties and payments totaling $350,000 over a November 2022 oil tanker accident in Norfolk, Connnecticut, announced state Attorney General William Tong.

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Property Insurance Coverage Law

MARCH 19, 2025

The California FAIR Plan, the insurer of last resort for Californians struggling to find homeowners insurance, might be better renamed the “California Unfair Plan.” While intended to be a safety net, recent investigations and a comprehensive operational assessment 1 paint a troubling picture of an institution plagued by significant inefficiencies, questionable management practices, and poor … The post Should We Call It the California Unfair Plan?

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Property Insurance Insured Insurance Insurer 167

Insurance Journal

MARCH 31, 2025

California Insurance Commissioner Ricardo Lara approved a filing from the California FAIR Plan Association to increase commercial property coverage limits.

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Commercial Property Commercial Insured Insurer 161

Insurance Journal

MARCH 28, 2025

The Arctic Ocean likely had the smallest winter ice cover in 47 years of satellite records this season, with just 5.53 million square miles of sea ice covering the region at its peak on March 22.

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Insurance Journal

MARCH 19, 2025

Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Sen.

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Insurance Carrier Insured Insurance Insurer 263

Property Insurance Coverage Law

MARCH 18, 2025

Derek Chaiken and I visited a number of burned-out homes where our clients lived until the recent Los Angeles wildfires destroyed everything they owned. Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

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Policyholder Risk Property Insurance Insurance Companies 193