Does a Tenant Have Insurable Interest in a Leased Building?
A restaurant owner rents a building and has a tenant’s policy for contents and liability. A furnace caught fire and the owner says the tenant is responsible or the damage.
Claims
Roof Claims Decline but Losses Become Increasingly Severe
While claims declined, roof losses continue to grow more severe and less predictable, driven by aging housing stock, widespread hail exposure and rising replacement costs, according to Verisk.
Half of Personal Auto Policies Were Shopped in Past Year
As personal auto policy shopping reached historic highs, distracted driving also increased, especially among older drivers.
Negligence vs. Faulty Workmanship: Subcontractor Cut Electrical Line
Is the accidental damaging of the electrical line faulty workmanship or ordinary negligence? Who is liable?
What Agents Should Know About New PFAS Incineration Guidance
The lifting of the ban on PFAS incineration expands disposal options for military and industrial waste, but it also lengthens the liability chain and adds new layers of complexity for agents and their clients.
One Loss, Two Deductibles: Equipment Breakdown or Homeowners Loss?
A homeowner had a loss where the HVAC system’s condensate pump failed due to a mechanical breakdown. The HO3 policy with an equipment breakdown endorsement—form 16016—with a separate $500 deductible appears to indicate the condensate pump and the resulting water damage should be covered under the equipment breakdown endorsement. The insurance carrier says otherwise.
Claims Volume Declines in 2025 But Emerging Risks Intensify, According to Verisk
While insurers saw declines in claims in 2025, emerging risks are visible in the claims data.
Preventing Costly Water Damage Through Effective Technology Installation
If insurers have better visibility into whether home devices are active and functioning, they could intervene early, resolve installation or connectivity issues and ensure credits reflect genuine mitigation.
AI Tools Fuel New Era of Insurance Fraud, According to Verisk
One in three consumers would consider digitally altering their claim photos or documents, according to a report released by Verisk.
Reporting Requirements When PAP and PUP Are Written by Different Carriers
What are the reporting requirements of a liability claim to the carrier that doesn’t write the underlying coverage?
