The best way to tell that the California homeowners insurance market has been a bear is to see where buyers facing higher rates and lack of options in traditional markets are going for alternatives. One choice is the surplus lines […]
Tag: Property
Florida Reinsurance Buyers Found Ample Property Capacity at Mid-Year Renewals
Reinsurers have gained confidence and returned to the Florida market as a result of recent legislative reforms that have transformed the state’s risk landscape, according to brokers Aon and Gallagher Re in their mid-year renewal reports. “Florida entered the mid-year […]
Expert Witness Testimony and the Lack of It Can Lose Property Insurance Cases
A recent appellate decision offers an instructive example of how procedural missteps and insufficient expert disclosures can prove fatal to a policyholder’s insurance claim. 1 The case arose from property damage allegedly caused by Hurricane Irma in 2017. After a […]
Code Upgrade Insurance Coverage | Property Insurance Coverage Law Blog
In the wake of property damage, whether caused by wind, fire, or storm, policyholders rightly expect their insurance to cover the cost of restoring their home or business to its proper condition. For many, that includes paying extra premiums for […]
Mark Boardman Passes | Property Insurance Coverage Law Blog
I was celebrating a win over a crazy case at a Florida Association of Public Insurance Adjusters (FAPIA) meeting in the late 1990s. My client’s soon-to-be ex-husband, who was not on the title to the property, appeared to have burned […]
California’s Property Insurance Crisis and the Path to Reform
California’s property insurance market remains in turmoil, exacerbated by escalating wildfire risks, insurer withdrawals and systemic shortcomings in the state’s safety net—the California FAIR Plan. As homeowners confront rising premiums and limited coverage options, comprehensive reform is imperative to stabilize […]
Appraisal vs Coverage Dispute| Property Insurance Coverage Law Blog
Appraisals serve as a valuable mechanism for resolving disagreements over the amount of loss. However, as recently illustrated in the Texas case of Rocha v. State Farm Lloyds, 1 appraisals do not resolve all questions. Specifically, they do not determine […]