The top New York court says property insurance against vandalism includes coverage for malicious damage that isn’t specifically aimed at the insured property. The ruling comes from a claim by Georgitsi Realty, owner of a four-story apartment building in Brooklyn, …
Commercial insurance buyers face improved market conditions in 2014, due in part to declining rates in the property insurance line and an easing of recent upward pressure on rates in many other lines of insurance coverage, according to Willis, a …
Florida District Courts of Appeal recently have been very busy with cases involving the “prompt notice” provision in property insurance policies. When an insurer proves that the insured’s notice was late, courts will apply a presumption that the delay prejudiced …
Louisiana Citizens Property Insurance Corp.’s board has voted to borrow $100 million through bonds to cover a $70 million shortfall – in direct defiance of the Jindal administration’s wishes. In an email after Thursday’s vote, The Advocate reports Division of …
The St. Landry Parish School Board has voted to begin receiving quotes for the Louisiana district’s property, casualty and liability insurance coverage. The Advocate reports board attorney Gerard Caswell recommended Wednesday that school system officials request paying the insurance premiums …
State lawmakers have gambled with their constituents’ money for years when it comes to dealing with Florida’s property insurance issues. But now, many top industry analysts suggest, the odds may be turning against them after six years without a hurricane …
The Hartford has named David A. Carter senior vice president of property insurance for Commercial Markets. In this newly created position, Carter will report to Douglas G. Elliot, president of Commercial Markets. “In his new role, he will build a …