Beazley Launches Tornado Crisis Product
The first admitted parametric tornado disaster benefit insurance for homeowners covers up to $15,000 to help pay for immediate out-of-pocket costs and the homeowners insurance deductible.
Homeowners
Condo Policy: Personal Liability vs. Damage to Property of Others
If a client with an HO6 policy leaves his bathtub on and it overflows and damages the unit below, how is the damage covered?
Service Line Endorsement: Is Damage to a Drain Field a Covered Loss?
A mound system drain field failed, but the carrier denied the claim because piping wasn’t damaged.
Homeowners Market Faces Upheaval as Outlook Worsens
An estimated 39 million U.S. homes are underinsured compared to the risk they actually face from weather events, such as hurricanes, wildfires and floods, according to the First Street Foundation.
Reach Next-Gen Car Collectors in an Evolving Market
Not only is the hobby transitioning to new generations, both to Generation X and millennials, it is also witnessing the evolution to electric vehicles (EVs).
The Hard Market Puts the Classic Car Market to the Test
A surge in classic car values—primarily due to rising inflation and exchange rate variability—means that owners are facing insurance-related issues.
Senate Holds Hearing on Challenges in the Property Insurance Market
The hearing highlighted the recent property insurance market turmoil due to the major disasters in Florida, Georgia, the Carolinas, California, Hawaii and Vermont.
AN Radio: Challenges and Solutions When Insuring Multifamily Homes
Two experts discuss the multifamily housing market and the impact of the hard market on property & casualty insurance.
Is Skunk Spray Damage Covered Under a Homeowners Policy?
A skunk entered the basement of a house through a cat door and sprayed the area. Is animal spray excluded from homeowners coverage under the pollution exclusion?
Farmers Florida Exit to Affect 100,000 Policyholders
This week, Farmers Insurance said it will stop offering home, auto and umbrella policies in Florida.
