• 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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  • Does My Business Need Flood Insurance?

    Does My Business Need Flood Insurance? Of all the natural disasters, floods are the most common. Yet many businesses and homeowners do not carry insurance to protect them from this potentially devastating risk. The standard ISO commercial property and businessowners policies do not provide...

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  • After a Quake: Insurance Coverage in Earthquake Disasters

    After a Quake: Insurance Coverage in Earthquake Disasters On January 12, 2010, a magnitude 7.0 earthquake struck the island of Haiti. The quake affected almost 3 million people, and aid was provided by  many countries. At least 300,000 people were injured, and an...

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  • Yet Another Reason for Flood Insurance

    Yet Another Reason for Flood Insurance Most people start to think of potential flooding around hurricane season, which runs from June to November. Hurricanes tend to form later in the year, generally in late summer or early fall. What is generally overlooked is the devastation and flooding that...

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  • A New Kind of Storm

    A New Kind of Storm Meteorologists nationwide have decided to begin rating atmospheric rivers (AR), storms that have the potential for millions of dollars in losses and severe flooding. However, what exactly is an atmospheric river? It's a long, narrow river of condensed water vapor in the...

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  • NFIP Gets a Band-aid

    NFIP Gets a Band-aid The House and the Senate have both passed the disaster relief package that extends the NFIP until December 8, 2017. The package was developed in response to the catastrophic damage wrought by Hurricane Harvey in Texas. The extension will allow payments to be made to those...

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  • The Nuclear Problem and Domestic Terrorism

    The Nuclear Problem and Domestic Terrorism Over the past few weeks, North Korea has been testing Intercontinental Ballistic Missiles (ICBMs) and the United States has been saber rattling in response. This has alarmed many, and the fear of a nuclear strike, especially for those in Guam, Hawaii or...

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  • Ordinance or Law Provision

    Ordinance or Law Provision This insurance coverage dispute arises from property damage at condominiums in Louisiana. This case is Houston Specialty Insurance Company v. Meadows West Condo Association, 2016 WL 81487 . The property is an eighteen-building, 124-unit condominium. The property was...

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  • Governmental Action

    Governmental Action Summary: Property coverage forms commonly contain exclusions for loss caused by governmental or public authority's destruction, confiscation, or seizure of property. However, denial of coverage was far from being a done deal. This article, discusses the application of the...

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  • By Order of Civil Authority

    By Order of Civil Authority Summary: Events have spawned increased calls for similar coverages found in two separate forms. On the one hand, the Business Income Form (see, for example, ISO's Business Income (And Extra Expense) Coverage Form, CP 00 30 10 12 , as an additional coverage, promises to...

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  • Water Exclusion Clause

    Water Exclusion Clause Summary : A standard feature of property insurance forms is the exclusion of various categories of loss associated with water. The water exclusion clause in the commercial property program (Insurance Services Office forms CP 10 10 10 12 , CP 10 20 10 12 , and CP 10 30 10 12...

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