Kay Morgan | Property Insurance Coverage Law Blog | July 28, 2019 The infamous “Hail Bill” will be celebrating its second birthday this September 1, 2019. Whether there will be any celebrations is another question. The “Hail Bill” – the Chapter 542A amendment to the Texas Insurance Code—covers first-party claims arising from “forces of nature.”1 Within… Continue reading Remand From Federal Court After Passage of the “Hail Bill:” Section 542A.006 and the Election of Legal Responsibility
Tag: Hail Damage
Nobody Seems to Know Why Hail Storm Losses Suddenly Began Rising in 2008
Brian K. Sullivan | Insurance Journal | June 17, 2019 In 2008, the year the stock market crashed and Barack Obama won the presidency, the U.S. was hit with a weather phenomenon little noted by anyone beyond the insurance industry. The country’s losses from hail breached $19 billion in inflation-adjusted dollars that year, far exceeding… Continue reading Nobody Seems to Know Why Hail Storm Losses Suddenly Began Rising in 2008
Insurance Appraisers May Determine the Cause of Loss
Mollie Pawlosky | Dickinson Law | November 1, 2018 In a case of first impression, Walnut Creek Townhome Association v. Depositors Insurance Company, the Iowa Supreme Court has held that insurance appraisers may determine the cause of loss in addition to the amount of damage. Walnut Creek Townhome Association submitted a claim to Depositors Insurance Company… Continue reading Insurance Appraisers May Determine the Cause of Loss
Colorado Notice Standard Update For Residential and Commercial Property Damage
Timothy Burchard | Property Insurance Coverage Law Blog | August 24, 2018 Many of us in Central Colorado remember the hail storm that wreaked havoc on the Denver metro area in May 2017. What happens when hailstorm damage to your property does not manifest itself for a period of months, or even a year later?… Continue reading Colorado Notice Standard Update For Residential and Commercial Property Damage
Federal Court Ruling Vacates Hail Claim Appraisal Award, Highlights Appraiser Abuses
Denise Johnson | Claims Journal | July 26, 2018 A recent decision by a Colorado federal appeals court could have significant impact on hail claims and appraisals across the country. Copper Oaks Master Home Owners Association v. American Family Mutual Insurance Co. involves a claim of hail damage that led to a dispute regarding damages. According to the… Continue reading Federal Court Ruling Vacates Hail Claim Appraisal Award, Highlights Appraiser Abuses