Daniel G. Enriquez | PropertyCasualtyFocus | June 29, 2015 Many property insurance policies contain terms that prohibit assignment, but Florida law has long deemed those terms inoperative once a loss has occurred. E.g., W. Fla. Grocery Co. v. Teutonia Fire Ins. Co., 74 Fla. 220 (Fla. 1917). As a result, contractors who repair or remediate… Continue reading Florida Appellate Court Rejects Bid to Curb Insureds’ Assignments to Contractors
Tag: Property Insurance
Lawmakers Seek to Reduce Cost of Property Insurance in NC
S. Vagus | Live Insurance News | March 13, 2015 Lawmakers in North Carolina are looking to reduce property insurance rates by changing the state’s initiative to cover catastrophic losses caused by natural disasters. A new legislation has been introduce that would establish a public bonding authority, which will be part of the North Carolina… Continue reading Lawmakers Seek to Reduce Cost of Property Insurance in NC
How Property and Casualty Insurance Professionals can Find the Truth in Big Data
Kevin Sheetz | Insurance Business | March 18, 2015 If you’re not yet using big data and analytics to do your job, you likely will be soon. Surely you’ve heard of big data transforming industries as varied as medicine, advertising, and financial services, and it holds particular potency for the property and casualty insurance space.… Continue reading How Property and Casualty Insurance Professionals can Find the Truth in Big Data
What Is Direct Physical Loss That Results From A Covered Peril?
Shaun Marker – April 29, 2013 I find it amazing in first-party property insurance that even after one has handled thousands of claims, new issues surface involving the same policy language dealt with over and over again. When such issues present themselves, the cynic may think: is the proponent of this argument clueless? The pessimist… Continue reading What Is Direct Physical Loss That Results From A Covered Peril?
Property Insurance Increases Likely for Coastal Residents
Wayne Faulkner – March 31, 2013 Many coastal-area homeowners hit by waves of property insurance increases in recent years should get ready for another pounding. A new federal law is threatening huge hikes in flood insurance premiums for certain homes and businesses when it kicks in this year and next. The law, called the Biggert-Waters… Continue reading Property Insurance Increases Likely for Coastal Residents