Habitational Hot Mess
The habitational market struggles with a lack of capacity, increasing non-renewals, higher deductibles and restricted underwriting. How can the industry adapt to this hard market? This article covers current habitational…
Commercial Lines
Insurance Coverage Concerns for Geothermal Heat Pump Systems
According to the Environmental Protection Agency (EPA), geothermal energy technology “harnesses the Earth’s heat,” and at least three types of technology that take advantage of that natural resource. These include…
The Commercial Insurance Vacancy Clause Important to Today’s Commercial Real Estate Owners
Work patterns since COVID-19 sent millions of workers home had a big impact on the commercial real estate market. And although JP Morgan predicts commercial real estate will come “bouncing…
180 Day ‘Limitation’ in the Commercial Property Policy: Dazed and Confused
Within the wording of the commercial property policy’s replacement cost provision there is a 180 day “limitation.” How does this supposed limitation actually apply and to whom does it apply?…
Commercial Property Quiz
Test your knowledge of Commercial Property with this 10-question quiz.
IRV Methodologies, Replacement Cost and Reconstruction Cost: A COVID Issue?
Replacement cost isn’t what the insured thinks it is, and it’s the industry’s fault. When we say “replacement cost,” insureds hear, “I’m getting new stuff for old.” Depending on the…
Understanding the Basics of Property Protection in COPE Underwriting
Property underwriters analyze essentially the same information today as was reviewed 400 years ago. Although technology has changed, the basics of property underwriting has not changed. The four primary factors…
If the Nashville Bombing is Considered a “Terrorist” Act, Does that Trigger the Terrorism Exclusion?
Christmas Day 2020 saw Nashville, TN rocked by an explosion. Were these the acts of a terrorist? Might these acts trigger the terrorism exclusions?
Cracking the Condominium Conundrum
How can a policy generating about $75 in revenue cost you $5,000, $10,000, or more? Believing that writing an HO-6 is quick and easy is the beginning of an E&O…
Ordinance or Law – When (and Why) Partial Losses Become Total Losses
We do a bad job of explaining the concept of “replacement cost” and tend to tell clients they will get new stuff for old junk. This may be partially true,…
