The pandemic and political turmoil are causing widespread and long-term economic volatility after many years of positive trends. But covered commercial property losses continue, whether caused by fire, wind, or other causes...more
11/30/2022
/ Business Interruption ,
Business Losses ,
Commercial Insurance Policies ,
Florida ,
Hurricane Season ,
Insurance Claims ,
Insurance Regulations ,
Natural Disasters ,
Policy Terms ,
Popular ,
Valuation
In Florida, an insured cannot bring a first-party bad faith claim based on a claim for UM coverage unless the insured first files a Civil Remedy Notice (CRN) with the Florida Department of Financial Services. In Mathurin v....more
The 2014 Florida Existing Building Code (the “Code”) contains what is conventionally called the “25 percent rule” (the “Rule”). The Rule applies to roof repair of any commercial or residential building. In a nutshell, the...more
It took years of depositions and other discovery to realize that that most of my 2004-2005 hurricane condominium association claims were much simpler to defend than I thought. The center of gravity of these claims was the...more
9/5/2017
/ Appraisal ,
Cash Value ,
Hurricane Harvey ,
Insurance Claims ,
Insurance Industry ,
Natural Disasters ,
Property Damage ,
Property Insurance ,
Real Estate Market ,
Repairs ,
Severe Weather
Condominium association property claims can be contentious and confusing. Large condominium buildings often are the subject of multi-million dollar insurance claims, lawsuits, and appraisals.The “cookie cutter” nature of...more
10/10/2016
/ Bylaws ,
Condominium Associations ,
Condominiums ,
Florida ,
Insurance Claims ,
Insurance Industry ,
Natural Disasters ,
Property Damage ,
Property Insurance ,
Residential Real Estate Market ,
Severe Weather