• 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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  • Humidity and Exposed Property

    Humidity and Exposed Property I have a question regarding the temperature/humidity exclusion under form IM 7053 08/12.  I have a claim that involved humidity that entered solenoids that sat at a builders risk project for 6 to 12 months.  Moisture got into the circuits and caused...

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  • Frost-heave and Coverage

    Frost-heave and Coverage We are a carrier-subscriber with a question involving concurrent causation and proximate cause issues.  Our area has experienced highly unusual weather patterns resulting in record snowfall combined with extended low temperatures.  We have received several...

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  • Does the Valued Policy Law Apply to All Insurers?

    Does the Valued Policy Law Apply to All Insurers? This question is regarding building fires from the recent wildfires in Sevier County/Gatlinburg, TN. We know that Tennessee is a valued policy state. If a CP 00 10 and CP 103 0 policy is purchased for a rental property through an E&S carrier,...

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