Court Finds Policy Term, “Windstorm,” to be Ambiguous in Coverage Dispute Involving Tornado
In Mankoff v. Privilege Underwriters Reciprocal Exchange (2024 WL 322297 (Tex. App.—Dallas Jan. 29, 2024)), the Court determined that the term “windstorm” was ambiguous as utilized in the subject insurance policy. The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. The insurer paid only a portion of […]
Four Best Practices for Insurance Call Center Compliance
This post is part of a series sponsored by AgentSync. Call centers don’t typically have the best reputation among customers in any industry. But, when executed well (or at least without long holds characterized by elevator music so loud it leaves you wondering if you’ve sustained permanent hearing loss), they can provide a valuable connection […]
Arizona Insurance Appraisal—Can Costs Be Determined Before Causation?
Arizona cases indicate that causation cannot be determined in an appraisal. But can an appraisal go forward to determine the costs of the hypothetical covered damage? It would seem like a huge waste of time since the causation issue will have to be litigated. But, a federal court was faced with this issue.1 The court […]
What Is a Market Conduct Examine?
An insurance coverage market conduct research, also referred to as a market conduct examination, is a proper analysis of an insurer’s enterprise practices by a state insurance coverage regulatory company to verify compliance with state legal guidelines, guidelines, rules, or orders by the insurance coverage commissioner. These ought to be seen as regulatory investigations and […]
Rising the PRS may increase public income, newest home costs, the happiest locations to dwell within the UK and different property information
Here’s a round-up of a number of the newest UK property information tales … NRLA: Rising the PRS would increase Authorities coffers by £10bn An evaluation performed by the Nationwide Residential Landlords Affiliation (NRLA) just lately predicted that Treasury revenues could possibly be elevated by £10 billion if the federal government pursued insurance policies designed […]
Decoding “Incurred”: Its Plain and Odd That means in an Insurance coverage Ordinance or Provision
Certainly one of my favourite facets of being a first-party property insurance coverage lawyer is with the ability to decide aside an insurance coverage coverage and take a place on the best way a sure provision ought to be interpreted. An ordinance or regulation provision gives protection for loss brought on by enforcement of ordinances […]
The six points that may have an effect on your property’s worth
Whether or not you’re a house owner or landlord, one of many greatest belongings you’re ever prone to personal is your property. It’s hardly shocking, then, that the worth of that property – and the elements which will have an effect on it – stays a vital consideration. So, let’s make a quick overview of […]