Tag: property claims

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Virtually all property insurance policies contain an appraisal clause, which outlines the appraisal procedure in broad terms. Those broad terms sometimes do not provide much guidance about the process, or about the effect which an appraisal award may have. A …

Don’t Mess with the Texas Prompt Payment of Claims Act: One Court’s Appraisal Result Read more »

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Insurance companies that write property risks in Florida are getting in line to request approval from the Office of Insurance Regulation (OIR) for two key policy revisions intended to control losses from a water damage property claim practice called “assignment …

Florida Regulators Approve Policy Language Aimed at Limiting “Assignments of Benefits” Claim Practice Read more »