“Chip, is there just a good luck angel that is amused by you and sits on your shoulder?” Someone very close to me once told me that a long time ago. While preparing this blog post about my visit to
Lloyd’s Lutine Bell
Latest from Property Insurance Coverage Law Blog - Page 2
Lloyd’s Marketplace of Interaction and Lloyd’s Pubs
Face to face interactions and trust built upon prior experience are important factors to those working at Lloyd’s. This was my impression about the professionals working at Lloyd’s after visiting Lloyd’s earlier today.
Will Arbitration Be the New Appraisal?
Heritage Insurance is adding an arbitration clause to its property insurance policies per an Insurance Journal article, Another Florida Insurer Adds Binding Arbitration Endorsement Amid Losses.
The Insurance Industry Knows That Most Policyholders Are Not Properly Insured
“Doctor, thanks for seeing me; this is what you should do to properly treat and cure me.” Can you imagine this scenario? Can you imagine paying a doctor and the doctor expecting that you will order what is needed for
Colorado Adopts Regulations to Prevent Insurers from Stopping ALE and Replacement Cost Benefits
Colorado has suffered major wildfire catastrophes. There are not enough contractors to handle the repairs. As a result, Colorado issued new regulations for insurers regarding the handling of these claims.
Know the Regs to Use the Regs – a look at California Fair Claims Settlement Practices Regulations (10 CCR 2695.4 and 10 CCR 2695.5)
In this installment of Know the Regs to Use the Regs, we examine additional excerpts from the California Code of Regulations’ Fair Claims Settlement Practices, Sections 2695.4 and 2695. To read more about California Code of Regulations 2695.7 in
Disagreement Over the Amount of the Loss Is Needed to Invoke Appraisal
Can a policyholder race to a lawsuit demanding appraisal without expressing a disagreement over the amount of the loss? A Florida court says “no.”1
Did Big Insurance Lobby Keep Florida’s Property Insurance Rates High?
A fascinating article written by Jason Garcia is worth a few minutes of your time. I supported efforts to have admitted Florida insurers to tap into Florida’s Catastrophe Fund. I could not understand why that legislation went nowhere until I
Lloyd’s Pays Titanic Loss In 30 Days—Can Modern American Carriers Pay As Promptly?
I was in Cobh (fka Queenstown), Ireland, yesterday. Cobh was the last destination for the Titanic before its fateful collision with an iceberg sent it to Davey Jones Locker. The picture above is next to where the third-class passengers would
Upcoming Special Session of the Florida Legislature – How Legislation Could Affect You and Your Mortgage
During the upcoming special session of the Legislature, will Florida legislators be asked to pass laws that will violate standard mortgage requirements?