Robert Trautman | Property Insurance Coverage Law Blog | July 22, 2015 In Part 1 of my review of the Farmers “Next Generation” Homeowner’s Policy, I explored Farmers; new definition of Actual Cash Value. In this post, we are going to explore the new appraisal clause offered by Farmers. The standard appraisal clause in an HO-3… Continue reading Review of the Farmers “Next Generation” Homeowner’s Policy, Part 2: Appraisal
Month: July 2015
Review of the Farmers “Next Generation” Homeowner’s Policy, Part 1: Actual Cash Value
Robert Trautman | Property Insurance Coverage Law Blog | July 17, 2015 Anyone who has made their living in the insurance claims business over the last few years has heard of the Farmers “Next Gen” policy. I thought it would be a good idea to look at this policy and compare it to the standard HO… Continue reading Review of the Farmers “Next Generation” Homeowner’s Policy, Part 1: Actual Cash Value
California Bill would Require Construction Companies to Disclose Defects & Settlements
Yvette Sung | Uncover California | July 16, 2015 Two Northern California state lawmakers have introduced a new bill that would require construction companies to disclose building defects like the one that could have contributed to Berkeley’s deadly balcony collapse. All construction companies in the state would be required under SB465 to disclose any felony… Continue reading California Bill would Require Construction Companies to Disclose Defects & Settlements
Litigation does not End the Continuing Duty of Good Faith
Brandee B. Bower | Property Insurance Coverage Law Blog | June 10, 2015 In a recent case in Tennessee, homeowners suffered a fire loss and filed a claim with their insurance company, Anpac.1 The insurance company investigated the loss and found that the homeowners intentionally set the fire and denied coverage. It then filed a declaratory judgment… Continue reading Litigation does not End the Continuing Duty of Good Faith
Sixth Circuit: A Michigan Collapse Extension Overrides Exclusions for Cracking and Defective Design
Dick Bennett | Cozen O’Connor’s Property Insurance Law Observer | July 15, 2015 In Joy Tabernacle — The New Testament Church v. State Farm Fire & Cas. Co., 2015 WL 3824733, 2015 U.S. App. LEXIS 10707 (6th Cir., Jun. 22, 2015), a unanimous panel of the federal Court of Appeals recently held that a collapse extension… Continue reading Sixth Circuit: A Michigan Collapse Extension Overrides Exclusions for Cracking and Defective Design