Question: “A referral to me received the attached non-renewal notice from her current Homeowners carrier. It gave the reason for non-renewal as: “As part of our efforts to manage risk…
It’s been a while since I added to my list of examples of subtle but possibly significant differences between insurance policies of the same type issued by different insurers. This…
Question from a Big I NY member: “We had an insured who called yesterday to add her boyfriend/domestic partner to her homeowners policy as a named insured. My first reaction…
A magnitude 4.8 earthquake centered west of Manhattan struck the northeastern U.S. this morning. We at Big I New York hope that all of you, your families, friends, and clients are safe…
For those who may have missed it, the property casualty insurance markets are in a very hard market cycle. During a hard market, insurance carriers hike premiums, cancel and non-renew…
Personal Lines How much notice does a carrier have to give to non-renew a homeowners’ or personal auto policy?At least 45 days but no more than 60. How much notice…
Question: When an insurance company refuses to write homeowners or other property insurance in coastal areas, doesn’t that violate the laws against redlining? Answer: Probably not. It is true that…
Friday the 13th is traditionally seen by some better safe than sorry superstitious individuals as a day when one must take care to avoid catastrophe terminal embarrassment certain doom being unlucky. We here at Big I…
Question: “What is the law regarding conditional renewal notices sent out on Homeowners policies that will be renewing with increases? Specifically, 25% or more?” Answer: New York law does not…
Question: “We have an insured who owns a secondary seasonal home, which she occupies. She also occasionally will rent it out to someone else for a month or so when…
