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‘Surface Waters’ on Roof Are Not ‘Flood’ Waters, Massachusetts High Court Rules

The highest court in Massachusetts has ruled that rainwater accumulation on roofs of buildings does not constitute “surface waters” within the meaning of “flood” in property insurance policies. The court found that the term “surface waters”...

Insurance: Homeowner's Insurance-Denial of Coverage-Misrepresentations in Application

Nationwide Mutual Insurance Company v. Richardson (MLW No. 81811/Case No. 23-2905 – 7 pages) (U.S. Court of Appeals, 8th Circuit, Benton, ... Source link

AM Best Withdraws Credit Ratings of Mt. Morris Mutual Insurance Company – Business Wire

AM Best has withdrawn the Financial Strength Rating of B++(Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Mt. Morris Mutual ... Source link

Ping An Again Selected for S&P Global’s Sustainability Yearbook (China Edition), the Sole Mainland Insurance Company

HONG KONG and SHANGHAI, July 22, 2024 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318) stood out from more than 1,700 companies to be featured in S&P Global's...

Use of Aerial Imaging Rising in Property Insurance Risk Efforts

Taking due diligence to measure risk in a real estate investment is always a fraught endeavor. In today’s commercial real estate market, where uncertainty is widespread, and climate change risks continue to be revealed, it can be even more stressful. Assessing risks at...

EHT Family Needs Help for Adopted Son Born Drug-Addicted

There is a charity ice hockey game this Sunday to support Cameron Walterson, a 13-year-old Egg Harbor Township boy who is undergoing mental health treatment for traumas he suffered as a child in foster care.The game featuring Atlantic County Police & Fire vs. New Jersey's...