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Insurance companies have the right to challenge and deny claims that are fairly debatable without subjecting themselves to bad faith liability even though their ultimate decision may be held by the court to be erroneous. The concept of fair debatability … The post Fair Debatability Defense Can be Supported by Unpublished Court Decisions appeared first…

Once banned because it is a close cousin to marijuana, hemp is coming back in the state of Colorado and now has its own convention, attracting international interest as a new crop for farmers struggling to find new crops to … The post As Federal Pot Rules Change, Hemp Makes Comeback appeared first on Claims…

The Insurance Institute for Business & Home Safety released the second edition of the Institute’s Rating the States report. The study assesses the progress of 18 hurricane-prone coastal states along the Gulf of Mexico and the Atlantic Coast in strengthening … Source: Claims Journal

The state of Oregon has a chance to continue its unique insurance policy that helps pay for fighting wildfires in big burning years – but at a higher premium and deductible. Lloyd’s of London has offered to cover up to … Source: Claims Journal

A new underwriting tool to assess potential risk from sewer backup and basement flooding has been released by CoreLogic. The global property information, analytics and data services provider said the Sewer Backup Risk Score identifies the potential risk of sewer … Source: Claims Journal

As many insurers are well aware, few homeowners are fully prepared when disaster strikes. Jay Straughan, Enservio’s vice president of claims, was recently quoted as saying “almost none of the insureds he encounters have property inventory lists.” Even if these … Source: Claims Journal

As tornado season begins in the Tennessee Valley, the National Weather Service is implementing a warning system designed to give more specific information on approaching storms. Piloted last year in the Midwest, the Huntsville weather office is adding “impact-based warnings” … Source: Claims Journal

The Oklahoma City Emergency Management office has released its preliminary survey of damage caused by a March 25 tornado. The city reports 89 homes with minimal damage and 50 homes – including 43 mobile homes – with minor damage. Twenty … Source: Claims Journal

President Obama has signed a disaster declaration for several counties that were hit hard by winter storms in February. A statement from the White House says the declaration releases federal aid to help with recovery efforts from severe winter weather … Source: Claims Journal

Four out of 10 small businesses are likely to experience a property or general liability claim in the next 10 years, according to an analysis of The Hartford’s small business claims. Topping the list for the most common claim is … Source: Claims Journal