Julitza Perez | Property Insurance Coverage Law Blog | August 17, 2018 Idaho is a state with a diverse weather, and property owners have risks all year long. Adequate insurance coverage should be considered by all property owners. Some of the natural disaster risks in Idaho are wildfires, snowstorms, flooding, and earthquakes. An insured may… Continue reading Claim Handling Requirements by State – Idaho
Category: Insurance Coverage
The Trick to Getting Blockchain to Work for Insurance
Jason Contant | Canadian Underwriter | July 30, 2018 The trick to getting blockchain to work in the insurance space is getting all the players in the market to align and agree on common standards and a way to govern the blockchain, Aon Benfield’s chief information officer said Friday. “There’s a massive efficiency play there if you… Continue reading The Trick to Getting Blockchain to Work for Insurance
Blockchain: Mechanics and Magic
Stephen J. Mildenhall | Aon The Blockchain cures all ails. It is an immutable (unchangeable) and unhackable database. It lowers transaction costs and enables trust between strangers. It unshackles us from authority. It will revolutionize insurance: Executives everywhere must pay attention. Blockchain is the new plastic. Or so the myth goes. Numerous articles have explained… Continue reading Blockchain: Mechanics and Magic
Insurance Reciprocal Exchanges and Federal Diversity Jurisdiction
Stephanie Poll | Property Insurance Coverage Law Blog | July 25, 2018 Recently, a federal district court in Oregon clarified where one may sue an insurance reciprocal exchange. In the case of Staggs v. Farmers Insurance Exchange,1 the homeowners were Oregon citizens who brought suit under a homeowners’ policy issued by Farmers Insurance Exchange in a federal… Continue reading Insurance Reciprocal Exchanges and Federal Diversity Jurisdiction
Additional Insured Coverage and Primary/Excess Priority Disputes, Oh My
James W. Bryan | Nexsen Pruet | July 19, 2018 Additional insured coverage in construction projects is one of the most vexing issues facing insurance coverage lawyers. Add to the complexity a priority dispute between primary and excess insurers and you have a recipe for complex coverage litigation. Recently, the Fourth Circuit tackled these issues… Continue reading Additional Insured Coverage and Primary/Excess Priority Disputes, Oh My