Insuring on a stated amount basis usually offers little benefit to the insured. From the insured's perspective, a few things can go wrong when the stated amount fails to exactly equal the cash value of a property at the time of loss. One predicament your insureds...
PIANJ-supported legislation, A-389, which would create a safe harbor for insurance producers and carriers working with a cannabis-related business was reported out of the state Assembly Financial Institutions and Insurance Committee—a major step toward the bill...