California's Little Hoover Commission held a series of hearings with experts and recently issued a report on improving the California insurance market. Several of the commission's recommendations echoed the Sustainable Insurance Strategy currently being implemented by the California Department of Insurance, but they also recommended establishment of a WUI Data Commons (pp 27-28) and referenced groundwork laid by Milliman and Insurance Institute for Business & Home Safety - IBHS. As an update, we are mostly through a second phase of development for the data commons, under the guidance of California Fire Chiefs Association & funded by the Gordon and Betty Moore Foundation. Once it gets wrapped up in the next 1-2 months, we're hoping to move to Phase 3 build stage. There is a lot of demand for alignment on mitigation, and we see the data commons as a necessary part of the process...but it has to be done right. https://lnkd.in/gD_DRRuM
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Following Florida’s insurance reforms the average homeowners insurance premium is down to $3,600 (Source: Florida Office of Insurance Regulation). Understanding the data is different than third-party accounting of policy costs in Florida, the office’s report highlights the difference between admitted vs non-admitted policies. Bear with the link to a Palm Beach radio station, the information provides good background on the topic. #FloridaInsurance #homeownersinsurance #floridarealestate https://lnkd.in/e2APHA47
Q&A – Florida Property Insurance Costs w/Admitted vs Non-Admitted Policies | 1290 WJNO
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In recent years, the insurance landscape has significantly shifted, particularly in high-risk areas such as California, Florida, and Louisiana. Over the past half-decade, a number of insurance companies have withdrawn from these regions, citing high risks, and increasing worry about the standard of regulations. Check out this week's blog to learn more about what this means for homeowners and if this trend will continue: https://hubs.ly/Q02wdXRF0
Non-Renewals for Home Insurance on the Rise
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Listed Buildings Insurance Announces New Specialized Coverage to Protecting Family Heritage: Historically important properties require more than standard home insurance. Listed Buildings Insurance, a specialized provider, introduced insurance policies specifically tailored to meet the intricate needs of listed property owners, guaranteeing the preservation of architectural integrity while protecting financial investments. Owning … Continue reading → #Finance #HomeGarden #LawLegal #RealEstate #UK
Listed Buildings Insurance Announces New Specialized Coverage to Protecting Family Heritage | ABNewswire
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5 FAQs ABOUT MULTI-FAMILY PROPERTY DAMAGE CLAIMS Although your property’s insurance policy is there to help you recover any costs associated with damage resulting from an insured peril, claiming your “rightful” coverage is not easy, especially if this is your first experience. It is like a business negotiation requiring various intricate steps, from ensuring a fair settlement to stabilizing your asset. Consequently, it’s common for multifamily property owners seeking to file insurance claims to have many questions regarding the process. To help, we’ve answered five of the FAQs associated with insurance restoration of damaged properties. 1️⃣ WHAT SHOULD I DO BEFORE I FILE A CLAIM? 2️⃣ WHAT SHOULD I EXPECT WHEN FILING A CLAIM? 3️⃣ HOW LONG WILL IT TAKE TO RECEIVE PAYMENT? 4️⃣ WHAT CAN I DO TO RECEIVE A FAIR SETTLEMENT? 5️⃣ WHAT DO I DO IF MY CLAIM IS DENIED? Read the article for more! https://lnkd.in/eVdTJP73
5 Faq’s About Multi-Family Property Damage Claims
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Navigating the California Property Insurance Crisis 📝🚨 Facing unprecedented challenges in the California insurance landscape? Understand the root causes and discover proactive steps to safeguard your investments with our latest blog. Dive into the complexities of rising premiums, increased regulations, and viable solutions amidst these turbulent times. Don’t get caught unprepared—learn how to navigate the storm today by clicking the link below. #CaliforniaInsurance #CaliforniaInsuranceCrisis #InsuranceCrisis #California #Insurance #Business #CommercialInsurance #SwartsManning 🔗 Read More: https://conta.cc/3UK9mkK
Understanding the Property Insurance Crisis in California: Navigating the Storm | Swarts Manning
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Navigating the California Property Insurance Crisis 📝🚨 Facing unprecedented challenges in the California insurance landscape? Understand the root causes and discover proactive steps to safeguard your investments with our latest blog. Dive into the complexities of rising premiums, increased regulations, and viable solutions amidst these turbulent times. Don’t get caught unprepared—learn how to navigate the storm today by clicking the link below. #CaliforniaInsurance #CaliforniaInsuranceCrisis #InsuranceCrisis #California #Insurance #Business #CommercialInsurance #SwartsManning 🔗 Read More: https://conta.cc/3UK9mkK
Understanding the Property Insurance Crisis in California: Navigating the Storm | Swarts Manning
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Check out this recent article on commercial insurance to hear thoughts from one of our very own insurance advisors, Mike Barnum. Mike joins John Wessling Sr from S.L. Nusbaum Realty Co. to discuss how to make properties more apt to qualify for insurance while controlling costs. 💰💼 Read the article here: https://loom.ly/1yCU8YI
Navigating the storm: The commercial insurance dilemma | Expert column
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Navigating insurance claims can be a complex and daunting process for property managers, especially when faced with the financial burden and time constraints property damage adds to your normal duties. Public adjusters can play a crucial role in simplifying this ordeal by providing a solution for property managers throughout the insurance claim process. When utilizing the benefits of a public adjuster, property managers can streamline an insurance claim and ensure a smoother and more efficient resolution for their property damage claims. READ THE ARTICLE and find out more about on ➡️ Decoding the Complexity of Property Insurance ➡️ The Burden of Multi-Family Property Damage Claims ➡️ Defining Public Adjusters and How They Can Be A Reliable Partner ➡️ Streamlining Claims ➡️ receiving Accurate and Prompt Settlements ➡️ Reducing Stress https://lnkd.in/evrNx--g
Simplifying Insurance Claims for Property Managers: An Insurance Claim Solution
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Sharing a note from our personal insurance division here as the property market continues to experience significant disruption. Yesterday, State Farm announced its plan to non-renew 72,000 property policies in California. While the situation locally is not that critical yet, there are still acute challenges here in Georgia and the surrounding states. Wondering how recent industry changes could impact your insurance coverage? Dive into our latest blog post for key insights from our personal risk team. https://lnkd.in/e6BN8rgD #ProtectYourAssets #InsuranceSavings #TrustedCoverage #InsuranceProtection #SmartChoices #Atlanta #TownleyKenton
Race to the Bottom: Part 1 - Townley Kenton | Atlanta Insurance
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2wThank you for these critical insights Nancy Watkins ClimateTech Connect