Indiana Church Not Owed Replacement-Cost Payment for Fire Damage March 10, 2026 By Ezra Amacher An Indiana church seeking payment at replacement-cost level for fire damage to its property learned the hard way that procrastination...
Let’s Win One for the Good Guys: A Familiar Claims Situation May 30, 2024 By Patrick Wraight Growing up we all watched television shows and movies pitting the good guy against the bad guy. Often the bad...
Insurer Faces Class Action for Depreciating Labor in Actual Cash Value Payments February 16, 2023 By Andrew G. Simpson Two Trumbull Insurance customers who believe they were short-changed on claims payments have filed a proposed class action suit against...
The Simple Reason Homeowners’ Customers Need Replacement Cost April 25, 2018 By Patrick Wraight I’ve been thinking a lot about homeowners’ insurance lately. That might be because I’m in the middle of the BPIC...
Americans Put Too Much Faith in Homeowners Insurance August 18, 2016 Too few Americans take steps to prepare for disasters and too many assume their home insurance policies will bail them...
Insurance Rules For Valuing Damaged Or Destroyed Property October 13, 2015 By Christopher J. Boggs Replacement cost does not mean what the client believes or has been told. Insureds assume replacement cost translates into new...
5 Most Misunderstood Homeowners’ Coverage Concepts May 29, 2015 By Christopher J. Boggs Many are unaware that the Academy of Insurance has four “skills tests” available. Of the four, the personal lines skills...
Florida Supreme Court Rules Replacement Cost Includes Contractor’s Profit July 24, 2013 By Michael Adams Florida’s high court has ruled that insurers under a 2008 law must pay a contractor’s overhead and profit as part...
Florida’s Citizens, Regulators Agree to Restrict Eligibility for New HO-8 Policies January 4, 2013 By Michael Adams Florida’s state-backed property insurer and state regulators have cleared the path for the insurer to begin issuing a new HO-8...
Claims Valued At $35M Filed Over Reno Wildfires May 14, 2012 About 1,100 claims valued at $35 million have been filed as a result of two major wildfires around Reno in...