Year: 2012

Minnesota Homeowners Insurance Legislation

The Minnesota Legislator has starting hearings on a new law relating to weather related homeowner insurance claims.  The primary changes are: Allows insurers to employ separate deductibles or surcharges for homeowners with multiple weather claims (in my opinion this is a mixed bag for insurance consumers in Minnesota.  Premiums will increase for homeowners with multiple claims which makes sense.  Insurance carriers could, I mean will... Read Article

What is employment practices liability insurance (EPLI)?

EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated.The number of lawsuits filed by employees against their employers has been rising. While most suits are filed against large corporations, no company is immune to such lawsuits. Recognizing that smaller companies now need this kind of protection, some insurers provide this coverage as an endorsement to... Read Article

Roof Replacement Cost Coverage May Soon Go Away

Allstate is the first company to make a major homeowner insurance coverage change.  Depreciation in the cost of roof replacement due to storm damage may soon be the norm.  Usually when one insurance company makes a major coverage change the rest follow. What this means for consumers is roof maintenance is going be the responsibility of the homeowner once again and not the insurance companies.... Read Article

Minnesota Home Insurance Rate Increases Likely to Average 22%

We first warned in March of 2010 that significant changes were coming for homeowners insurance and 2012 is the year changes will begin.  We think 22% will be the average increase in premium so many homeowners may get larger increases and reductions in coverage.  Please contact us if you receive your homeowners insurance renewal so we can help mitigate your personal homeowners insurance impact.   MINNEAPOLIS -... Read Article

Bar Beer Pong, Injuries and Insurance

I guess the moral of the story is don’t play beer pong at a bar and try to cross a highway on foot. The bar and the bar’s insurance company are NOT going to pay for your injuries. Note to self take a cab after playing beer pong. Good to know! NYC Judge Throws Out Beer Pong Lawsuit A judge has thrown out a New... Read Article