• March Madness Insurance

    March Madness Insurance   For some, the period of time between Thanksgiving and New Year's is the most wonderful time of the year. For others, it's college basketball season. The annual NCAA tournament brings in the usual risks associated with college-level sporting events, but some of...

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  • Valued Policy Laws - State Summary

    Valued Policy Laws - State Summary Subject Property, Perils, and Special Provisions Summary: This discussion provides a summary of the provisions of the valued policy laws of those states that currently have such laws. The section number of the state statute (usually the insurance code)...

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  • Exclusions for "War" Did Not Bar Insurance Coverage for Damage Caused by Hamas Rockets.

    Exclusions for "War" Did Not Bar Insurance Coverage for Damage Caused by Hamas Rockets. The US Court of Appeals for the Ninth Circuit has ruled that an insurance company could not rely on two "war" exclusions in the policy to deny coverage to the insured for damages that the insured suffered...

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  • What Is Crop Insurance?

    What Is Crop Insurance? Adverse weather and volatile prices make farming a business of highs and lows. Crop insurance is designed to protect farmers from economic damages caused by everything from a radical decline in crop prices to the inability to plant due to drought. History of Crop...

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  • Carpenter Ants, Termites, and Mulch, Oh My!

    Carpenter Ants, Termites, and Mulch, Oh My! As spring and summer roll around, homeowners’ thoughts turn to landscaping and beautifying the yard. Many homeowners like to mulch the landscaping plants for many reasons; it keeps down weeds, retains moisture, and looks good, among other things....

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  • ISO Commercial Lines Cannabis Exclusions

    ISO Commercial Lines Cannabis Exclusions With cannabis becoming legalized for medical and recreational purposes in more and more states, insurance needs to address the issue. ISO has just released several endorsements excluding cannabis for agricultural capital assets output policies, commercial...

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  • Injuries Suffered During On-the Job Horseplay May be Compensable Under Workers’ Compensation.

    Injuries Suffered During On-the Job Horseplay May be Compensable Under Workers’ Compensation. The Court of Appeals of New Mexico decided that injuries incurred during an episode of horseplay can be considered to be a workplace injury for the purposes of workers’ compensation. The case is Motes v....

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  • 52-Day Delay in Disclaiming Coverage Did Not Violate a Requirement for Timely Disclaimer

    52-Day Delay in Disclaiming Coverage Did Not Violate a Requirement for Timely Disclaimer The United States Court of Appeals for the Second Circuit ruled that an insurer who waits to deny coverage so that it can investigate facts giving rise to a disclaimer will not be prevented from denying...

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  • Fraudster Receives $350k for Home Worth $84k

    Fraudster Receives $350k for Home Worth $84k Arson — Maine Amount: $264,000 A Massachusetts man has been charged in connection with a fire that destroyed his second home in Maine in early 2017. The fraudster faces four counts of insurance deception and one charge of conspiracy to commit...

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  • Earthquakes and Insurance

    Earthquakes and Insurance Summary Mother Nature is a powerful and uncontrollable force. Of all the natural events that occur, earthquakes are among the most destructive. According to the U.S. Geological Survey (USGS), our nation experiences approximately 20,000 earthquakes a year, mostly small....

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