deductible News

Insurers Applaud Charges Against Fla. Contractors in ‘Free Roof’ Scheme

The recent arrest of two men associated with a large Florida roofing company, on charges of offering “free roofs” and rebates to cover homeowners’ insurance deductibles, has met with strong reactions around the state. The insurance industry has complained loudly …

Viewpoint: Satisfying Policy Retentions or Deductibles with Other People’s Money

Simply stated, insurance policy deductibles or retentions are a dollar threshold that must be satisfied before an insurer will pay any defense or indemnity costs on a claim.[1] Many insureds seek to contain their insurance premium costs by purchasing policies …

5th Circuit: Windstorm Coverage Doesn’t Include Flood Damage

An insurance policy that lists named windstorms among the covered perils doesn’t cover flood damages caused by Hurricane Harvey even though flooding wasn’t specifically excluded, a panel of the 5th Circuit Court of Appeals ruled Thursday. The panel reversed a …

11th Circuit Affirms Condo Tower Hurricane Damage Award That Disappointed Both Sides

The 11th Circuit Court of Appeals affirmed a jury verdict that found an insurer liable for $2.6 million in damages to a Miami condominium tower caused by Hurricane Irma, rejecting arguments made in appeals filed by parties on both sides …

Utah Protesters Take Plea Deal, to Pay $100K for Damages

SALT LAKE CITY (AP) — Four of the nine protesters charged after police accused them of painting a street red and smashing windows at a district attorney’s office last year in Salt Lake City have taken a plea deal and …

Nordstrom Lawsuit Says Civil Unrest Was a Single Event, Only 1 Deductible Owed

Nordstrom Inc. has filed suit against its insurers, seeking a court declaration that they must treat nationwide civil unrest last spring and summer as a single occurrence rather that separate events that would require the department store chain to pay …

Viewpoint: Riots Expose Serious Deficiencies in Property Insurance Policies

The riots that took place in the Minneapolis-St. Paul area during the George Floyd protests caused serious damage to many buildings. Several building owners, to their dismay, found their property insurance policies failed to properly respond to the debris removal …

Lexington Insurance Wins Texas Battle of Hurricane Harvey Deductibles

In a case of competing deductibles, a federal appeals court has sided with an insurer and against the owner of two Houston office buildings, holding that a larger windstorm deductible applied to flood damage caused by Hurricane Harvey rather than …

She Thought She Had Health Insurance, but Was Left Owing $40,000

BOISE, Idaho — Susan Calvin was healthy. Her family was, too. But their health insurance premiums and deductibles were climbing. When she started shopping for an insurance plan for 2017 and lamented the cost, Calvin says, her insurance broker suggested …

Multiple Thefts Under One Scheme Restricts Property Claim to One “Occurrence” Policy Limit, But Subjects Recovery to Single Deductible

In a partial trade-off, a U.S. District Court in California ruled that a series of storage facility thefts, all committed as part of one criminal scheme, qualified as a claim for a single “occurrence” property insurance policy limit, but that …