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Should There Be a Valued Policy Law for Personal Property?

Property Insurance Coverage Law

A New York Times article written by Rukmini Callimachi,California Bill Would Force Insurers to Pay Full Coverage Without Requiring Itemization,is something many policyholders of the recent Los Angeles wildfires wished was the law right now. appeared first on Property Insurance Coverage Law Blog.

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Should There Be a Valued Policy Law for Personal Property?

Property Insurance Coverage Law

A New York Times article written by Rukmini Callimachi,California Bill Would Force Insurers to Pay Full Coverage Without Requiring Itemization,is something many policyholders of the recent Los Angeles wildfires wished was the law right now. appeared first on Property Insurance Coverage Law Blog.

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After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says

Insurance Journal

After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report this week. The firm examined 45 …

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After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says

Insurance Journal

After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report posted in late May. The firm …

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The Emotional Impact of Recovery from Wildfires

Property Insurance Coverage Law

Little things of personal property carry immense emotional value to us because they often serve as tangible symbols of our intangible experiences, relationships, and identities. When speaking … The post The Emotional Impact of Recovery from Wildfires appeared first on Property Insurance Coverage Law Blog.

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Decision: Insurer Prevails on Motion in Limine to Exclude RCV Evidence at Trial

The Property Insurance Law Observer

Legal Implications: This decision is important because in cases where an insured/plaintiff does not have any evidence of repairing or replacing damaged property, insurance carriers can exclude any replacement cost evidence from trial which can further limit the amount that an insured/plaintiff can recover.

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Business Owner’s Policy for Restaurants

Distinguished

Key benefits include: Property Coverage BOPs includes commercial property coverage, protecting business personal property and building structures against covered losses like fire, theft, or vandalism. A critical component of property insurance for restaurants is business income coverage.