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Insurance crisis deepens in Gulf states
Foreclosures increase as coverage gaps and higher risks drive market withdrawals Source link
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Liberty Surplus in court battle over course of construction exclusion clause
Background and dispute over coverage Kaufman was hired by JM Family Enterprises to build a corporate campus in South Florida. The project included multiple office buildings, a dining hall, a parking garage, and a central energy plant. By October 2020, some of the structures were completed, and JM Family had begun using them. However, additional…
Louisiana Senate defers action on four insurance-related bills
Committee chair said he has no plans to reschedule the bills Source link
Mercury Insurance shares tips on how to mitigate risk during wildfires
The early-season fires, which damaged structures and highlighted preparedness gaps, underscored the importance of reviewing policies before peak wildfire conditions return in the summer and fall. Mercury Insurance is encouraging policyholders, particularly those in high-risk areas, to update their coverage and prepare for possible evacuations. Source link
State Farm escapes liability in Maryland lawsuit over alleged false truck accident report
The plaintiff, William Young, who represented himself, alleged that State Farm submitted a false accident report to the National Accident Reporting Agency, operated by LexisNexis, in connection with an incident that occurred on or about January 5, 2023, in a CVS parking lot in Largo, Maryland. At the time, Young was insured by Progressive, not…