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A trial court in New York has ruled that because a homeowners insurance policy contained conflicting provisions, Allstate had to cover the damages suffered when the home was destroyed by fire.
Munich Re, the worlds largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the companys ability to meet its full-year earnings target.
Police are conducting a criminal investigation after eight people in a Hollywood, Florida, nursing home died after Hurricane Irma knocked out power to the facility.
The cyber liability insurance market is likely to morph in the near future as a result of the massive Equifax data breach, according to some industry executives.
Jose could easily point directly at North America, a maneuver that would put about $18.8 trillion in property from Maine to Florida in a potentially devastating shadow.
Debris removal under some policies extends property coverage to include removal expenses only for the covered property and resulting only from a covered loss.
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