At a trucking school in New Jersey, students are maneuvering 18-wheelers around traffic cones. Other future drivers look under hoods to perform safety checks, narrating as they examine steering hoses for cracks and leaks. An instructor glides between speaking Spanish […]
Tag: Loss
Middle East Tensions Raise Loss Accumulation Risks: Report
Marine, aviation, cyber, and terrorism insurers face immediate underwriting pressures and potential accumulation losses as a result of heightened hostilities between Iran and Israel, according to Morningstar DBRS. In addition, the report said, reinsurance capacity in certain business lines could […]
Conflict of Laws Texas Style: When New York Law Governs a Texas Loss
One of the most overlooked and consequential issues in property insurance litigation is the question of which state’s law applies to a dispute. It’s easy to assume that if a loss occurs in Texas, then Texas law will govern. That […]
U.S. P/C Industry Posts $1.1B Q12025 Underwriting Loss: AM Best
Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in a $1.1 billion net underwriting loss of the U.S. P/C industry. According to industry rating agency AM Best, the January […]
Appraisal Award Upheld for Amount Greater than Policyholder’s Original Proof of Loss
In a ruling issued today from Iowa, the court enforced an appraisal award issued in favor of homeowners Gregory and Karen Larson, who suffered hailstorm damage to their property in March 2023. The case, Larson v. Auto-Owners Insurance Company, 1 […]
What Constitutes a Proof of Loss?
For public adjusters, understanding what constitutes a valid proof of loss, when it must be submitted and how the proof of loss can be discussed with the insurance carrier is vital not only for assisting policyholders in recovering what they […]