Coverage & Policy Issues

One of the most powerful tools insurance carriers have to fight fraud is to rescind a policy based on a material misrepresentation in the application.

Consistently identifying property and corresponding business records can create underwriting challenges for insurers.

The Rhode Island Supreme Court vacated and remanded a lower court's ruling, determining a property owner had properly demanded an appraisal within the time limit provided in his policy with Allstate.

Propelling this legislation forward were filings in 2022 by Allstate, which increased rates by 40% during that calendar year.

The average payment for a Hurricane Ian-related claim was more than $104,000, according to FEMA.

The plaintiff received 12 times the policy limit of the defendant's insurance coverage.

The commercial insurance blog Embroker aptly points out that "not all top startups have a Bay Area budget."

From milk production coverage to income protection policies, insurers worldwide are taking novel approaches to lessen the blow from heat waves.