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Safeguarding Community Associations: The Annual Insurance Review Imperative by Dave Orr

As community association board members serve as the governing body of neighborhoods, preserving their vitality and protecting their assets becomes a collective responsibility. In the realm of safeguarding, a vital practice is the annual review of insurance policies. In addition to essential coverages such as Property, Liability, and Building and Ordinance policies, let’s look at other coverages you may not have considered and some best practices for reviewing them. 1. Directors and Of...
Association Members Liability Insurance Compensation Insurance Fidelity Insurance Annual Insurance Reviews Trusted Insurance Advisor

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Florida Tort Reform Law Affects Insurance Coverage Claims

Florida Governor Ron DeSantis signed House Bill 837 into law making it more difficult and costly for insurance policyholders to sue insurers for bad faith by eliminating fee-shifting for most policyholders and requiring something โ€œmore thanโ€ negligence for bad faith claims.
United States Ron Desantis Florida Governor Ron Desantis House Bill Insurance Coverage Claims Florida Statutes

New York Imposes Sweeping New Insurance Disclosure Requirements on Defense Counsel and Insurers | Hinshaw & Culbertson - Insights for Insurers

On December 31, 2021, New York Governor Kathy Hochul signed the Comprehensive Insurance Disclosure Act (the Act). The Act amends CPLR 3101(f) and was ostensibly implemented to combat...
Hinshaw Culbertson Kathy Hochul New York Governor Kathy Hochul Comprehensive Insurance Disclosure Act Obligations Under Policies Disclosure

MSNBC Kendis Gibson and Lindsey Reiser Report June 4, 2024 11:21:00

No matter who else contributed the association is liable. we plan on making sure that that scope of liability, and even that contributed to this cause, are brought in to this matter to pay compensation to those who have lost loved ones, those who have lost their homes and all of their possessions. the association is the easy case, quite frankly. that explains why many of its insurers are tendering their policy limits. the lawyers will find the bigger scope. >> what do you say to folks that its l...
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