deductible News

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 …