Property Insurance Tag

14 Oct 2021 Hasn’t Broken Record for Most Billion-Dollar Climate Disasters (Yet?)

Posted at 20:18h in 2021, Commercial Insurance, Flood Insurance, hurricane season, Personal Insurance

By Anita Byer, Setnor Byer Insurance & Risk Did you know that the U.S. experienced 308 billion-dollar weather and climate disaster events since 1980? According to the National Oceanic and Atmospheric Administration, the total cost of these events exceeds $2 trillion. Since 1980, the U.S. averaged...

28 May How Many Storms Are Predicted for the 2021 Atlantic Hurricane Season?

Posted at 19:25h in 2021, Commercial Insurance, Flood Insurance, hurricane season, Personal Insurance

The National Oceanic and Atmospheric Administration released its predictions for the 2021 Atlantic Hurricane season. The good news is that experts do not anticipate the historic level of storm activity seen in 2020. The not-so-good news is that NOAA is nevertheless predicting a season with...

26 Aug Understanding The COVID-19 Business Interruption Insurance Quandary

Posted at 14:10h in Commercial Insurance

This article was originally published in the Summer 2020 issue of ActionLine, a Florida Bar Real Property, and Trust Law Section publication. The coronavirus disease 2019 (COVID-19) pandemic appears to have softened the ground for a legal battle between commercial property insurance companies and the growing...

20 Aug Assignment of Insurance Benefits: Non-Assignable Policies Provide New Way to Save on Property Insurance

Posted at 15:26h in Commercial Insurance, Personal Insurance

In a previous article we introduced you to the sweeping statutory reform of Florida’s assignment of insurance benefits (AOB) laws. This reform was designed to limit the use of post-loss AOB agreements by insureds to assign their rights under an insurance policy to a third party. Home and...

12 Sep Understanding Florida’s Statutory Insurance Requirements for Condominium Associations

Posted at 16:59h in Condominium Governance

Every condominium association should have insurance, which is precisely why Florida law requires them to have insurance. Associations must use their best efforts to obtain and maintain adequate insurance to protect the association’s property. Florida’s minimum mandatory insurance requirements apply to every residential condominium, regardless...

21 Jan Homeowners’ Insurance Claims: By the Numbers

Posted at 13:38h in Personal Insurance, Risk Management

Homeowners insurance is designed to protect against losses to your home and its contents, as well as liability for accidents that may occur on the property. Since the United States homeownership rate is nearly 65%, homeowners' insurance is an important topic for many of us. To...

18 Jun Loss of Business Income Caused by Civil Authority Action

Posted at 18:55h in Commercial Insurance

Public safety concerns may prompt civil authorities to take action to protect people and property. For example, a governor can issue a mandatory hurricane evacuation, a mayor can close roads during inclement weather, the police can enforce curfews during riots, or a fire department can...

03 Apr Insurance for Tech Companies

Posted at 14:55h in Commercial Insurance, Risk Management

Since most businesses rely on technology, providing technology services has become big business. Technology companies provide goods, services and expertise that can increase efficiency, productivity and profitability. These businesses may involve: System / network development and administration Application and website programming and design Hardware installation...

30 Oct Are You Ready for Halloween’s Scary Treats?

Posted at 16:00h in Personal Insurance, Risk Management, Safety

Halloween is here! Get ready for the costumes, parties, pranks, trick-or-treaters, candy and…the risk. Every year we are reminded how quickly Halloween celebrations can go wrong. Since cancelling Halloween is not an option, it is important to identify risks that can be controlled and insure...

25 Sep Self Storage Facilities: Protecting the Bottom Line

Posted at 15:12h in Risk Management, Self-Storage

Most businesses rely on their facilities to manufacture products or provide services. In the self storage industry, the facilities typically are the product. If property loss or damage is not fixed quickly, the business may fail. Though most believe their self storage facilities are adequately...