W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’ January 30, 2023 By Chad Hemenway There is no one answer to the overall insurance industry’s place within its cyclical path. Each product line needs to...
New York High Court: Insured’s ‘Mutual Mistake’ Argument Came Too Late November 1, 2022 By Jim Sams New York’s highest court reversed a $4.5 million judgment against an insurer that denied a fire damage claim by the...
U.S. Supreme Court Refuses to Hear COVID Business Interruption Case June 8, 2022 By Jim Sams The US Supreme Court decided Monday that it will not hear an appeal of a decision that denied coverage for...
Businesses Can Expect to Spend $13.5 Billion on Repairs Due to Flooding in 2022 December 28, 2021 A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial...
California MGU Foresight Expands Commercial Property Offerings April 30, 2021 San Francisco-based Foresight Risk & Insurance Services is offering new commercial property insurance lines coverages including inland marine, contractors equipment...
Owners Say Insurance Inadequate to Cover Demolition of Riot-Destroyed Buildings September 4, 2020 By Jim Sams Some commercial property owners whose businesses were torched by rioters are learning that they don’t have enough insurance to clear...
Texas Insurance Bills on the Move; Commercial Property Measure Heads to Governor May 10, 2019 The Insurance Council of Texas has reported several insurance bills of interest are moving in the Texas Legislature as the...
Fire Severely Damages Downtown Businesses in Guthrie, Oklahoma February 24, 2019 Multiple fire crews are responding to a blaze that has badly damaged businesses in Guthrie, north of Oklahoma City. Firefighters...
4 Reasons Your Insured Wants Ordinance or Law Coverage January 3, 2018 By Patrick Wraight I am very much like other people in that I like to take time off during the holiday season. It’s...
Why Is THAT Excluded? November 1, 2017 By Patrick Wraight Exclusions. Insurance policies are full of them. I’ve been reading some policy forms lately. Some to study, others because they’re...