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

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.

Insurance 268

Insurance Insured Insurer 268

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

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.

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Property Damage Damage Insurance Insured 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.

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 Insurance Insured 130

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 233

Insurance Journal

MARCH 24, 2025

ATLANTA (AP) Republican Gov. Brian Kemp’s measure to limit lawsuits in Georgia received House approval Thursday, poising the state’s litigation landscape for a controversial overhaul after a lengthy lobbying campaign.

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Liability 292

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 Insurer Insured 108

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

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

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 Agents Insurance Agent 98

Solstice Insurance Broker

MARCH 28, 2025

The healthcare insurance needs of your clients constantly change based on factors such as workforce productivity and budget. The good news is there are a range of tried-and-true strategies that can help you consistently attract top-notch leads every quarter.

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Insurance Insured Insurer Broker-Agent 147

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

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Premium Property Insurance Insurance Insured 189

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 Insurance Insured Insurer 259

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 101

Insurance Insurer Insured 101

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.

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Workers Compensation Insurance Industry Compensation Building 90

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

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.

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Insurance Broker Broker Insurance Insured 113

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

Insurance Journal

MARCH 23, 2025

The US Federal Communications Commission is prepared to block mergers and acquisition proposals from companies that promote “invidious” DEI policies, according to chairman Brendan Carr.

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Policy 265

Insurance Journal

MARCH 5, 2025

Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures.

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Insurance Industry Property Insurance Insurance Insured 260

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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Insurance Journal

MARCH 20, 2025

The Doctors Company, the Napa, California-based, physician-owned medical malpractice insurer, announced it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Under the terms of the agreement, ProAssurance stockholders will receive $25.

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Medical Malpractice Insurance Insurance Insured Insurer 243

Insurance Journal

MARCH 6, 2025

As trans-Atlantic relations grow increasingly fraught, Europe’s ESG regulations are becoming yet another flashpoint that threatens to sour ties.

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Insurance Journal

MARCH 18, 2025

This edition of International People Moves details appointments at Liberty Specialty Markets and Berkshire Hathaway Specialty Insurance. A summary of these executive hires follows here.

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Claim Insurance Insured Insurer 227

Insurance Journal

MARCH 31, 2025

MS Amlin, the Lloyd’s global re/insurer, announced the opening of an Australian branch office in Sydney, subject to Lloyd’s approval. Leading the branch office is Matt Botfield who has been named head of Australia and New Zealand.

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Insurance Insured Insurer 204

Insurance Journal

MARCH 5, 2025

Marsh, the insurance brokerage business of Marsh McLennan, announced that it has acquired Fontana Rava-Toscano & Partners (FRT), a Milan-based insurance brokerage. Terms of the acquisition were not disclosed.

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Broker-Agent Insurance Insured Insurer 207

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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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 193

Policyholder Risk Property Insurance Insurance Companies 193

Insurance Journal

MARCH 6, 2025

RenaissanceRe Holdings Ltd. announced the launch of an Irish-domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund (Medici UCITS).

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Property Insurance Coverage Law

MARCH 21, 2025

Colorados Cooperation Law, enshrined inC.R.S. 10-3-1118, was designed to protect policyholders from unfair denials based on alleged failures to cooperate. It sets a clear legal standard: If an insurer wants to rely on a non-cooperation defense, it must first follow a series of procedural steps, including sending formal written notice, giving the insured time … The post Colorados Cooperation Code: A Win for Policyholders That Didnt Pay Off appeared first on Property Insurance Coverage Law

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Policyholder Property Insurance Protection Insurance 199

Property Insurance Coverage Law

MARCH 21, 2025

Colorados Cooperation Law, enshrined inC.R.S. 10-3-1118, was designed to protect policyholders from unfair denials based on alleged failures to cooperate. It sets a clear legal standard: If an insurer wants to rely on a non-cooperation defense, it must first follow a series of procedural steps, including sending formal written notice, giving the insured time … The post Colorados Cooperation Code: A Win for Policyholders That Didnt Pay Off appeared first on Property Insurance Coverage Law

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Policyholder Property Insurance Protection Insurance 185

Insurance Journal

MARCH 19, 2025

After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature.

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Insurance Carrier Property Insurance Premium Claim 195