Rent levels, regulating housebuilding, what to look out for when buying an older property and “bribes” to secure a house purchase
What are the current hot topics of UK property news? Let’s delve behind some of the headlines to find out. New attack on Airbnb landlords in Scotland – possible bin collection charges The government in Scotland already regulates Airbnb properties more stringently than elsewhere – these short-term lets must be appropriately licensed and their landlords […]
Lithium Batteries a risk management issue. – Prof. Allan Manning’s Blog
Lithium Batteries a risk management issue. Posted: March 6, 2024/Under: Bushfire, Business Continuity, Business Interruption, Casualty Insurance, Catastrophe Response, Christchurch Earthquake, Cyber, Cyclone, Environment, Flood, Government, Hail, Knowledge Management, Learning and Development, LMI College, Property Insurance, Storm/By: Allan I read this morning that the NSW Fire and Rescue have today reported that there have been […]
Court Finds No Coverage for Loss Caused by Water Back Up Through a Storm Drain
In Carrico v. Stillwater Ins. Co., 23-CV-349-RAJ, 2024 WL 308106 (W.D. Wash. Jan. 26, 2024), the Western District of Washington considered competing motions for partial summary judgment in a property damage case involving a winter storm, where large amounts of rain and melted snow backed the drain up and the force of the water pushed […]
Business Interruption Loss Calculation Guidelines—Considerations of Anticipated Business Versus Rigid Adherence to Past Performance
Following up on the post, Business Interruption—What Is Speculative Versus Estimated Lost Profits, commercial policyholders and those responsible for determining the value of a business loss should always be concerned about blindly following past performance. Attempts to resolve the insured’s loss based on past history often collide with business reality. Many businesses do not operate at […]
What is Subrogation in Insurance Law?
Subrogation is a legal doctrine that enables an insurance company to step into the shoes of its insured party (the policyholder) after settling a claim. It empowers the insurer to recover the amount it paid to the insured from a third party responsible for causing the loss or damage. The key principle behind subrogation is […]
Washington Property Insurance Claims: Lawsuit Filing Deadlines Explained
If your insurance claim is based on a loss – fire, water, hail, rain, or anything else – and the loss occurred close to a year ago, you are imminently in need of preserving your rights to sue for breach of contract or forever losing them! You might say, “I currently have no disputes with […]
Time to review Gross Rentals Values – Prof. Allan Manning’s Blog
One of the ever increasing costs of being a landlord, particularly in Victoria is land tax and property rates. The values of properties are being reviewed by state governements and/or local councils and it is going up year on year. Another trick that some States Governments have introduced, and I again use Victoria as an […]