Daniel Verhoff | Property Insurance Coverage Law Blog | September 12, 2019 Many insurance companies thought they would have to pay no more than $5,000 for each California wildfire claim but are ending up paying hundreds of thousands if not millions. These companies sought to reduce their exposure to wildfire losses by capping their liability for wildfire… Continue reading Now That Insurers Can’t Legally Enforce Their $5,000 Wildfire Smoke Damage Caps, What Have They Done To Make Up For Their Unanticipated Losses?
Category: Insurance Claims
Restoration Contractor Revenue and Profit Is Important If Policyholders Are Going To Get Quality Work
Chip Merlin | Property Insurance Coverage Law Blog | September 10, 2019 Steve Patrick is a guru for those estimating property insurance losses. He made a suggestion on Level The Playing Field, for a construction book, Markup & Profit: A Contractor’s Guide, Revisited. His suggestion caught my eye since Merlin Law Group keeps this work in our reference… Continue reading Restoration Contractor Revenue and Profit Is Important If Policyholders Are Going To Get Quality Work
Release Language Extended to Successor Entity but only Covered “Known” Claims
David Adelstein | Florida Construction Legal Updates | July 5, 2019 A recent case contains valuable analysis that has impact on whether a “successor” entity will be bound by a settlement agreement it was not a direct party to. This case contains arguments for contractors that can be raised in a number of different contexts… Continue reading Release Language Extended to Successor Entity but only Covered “Known” Claims
When Can My Property Insurance Claim Be Denied Due to War or Other Undefined Terms?
Derek Chalken | Property Insurance Coverage Law Blog | July 23, 2019 I often receive calls from policyholders asking how an insurance company can deny their claim based on an exclusion that isn’t defined in the policy. One of these terms is “surface water,” a common exclusion found in most policies. Recently, I had a… Continue reading When Can My Property Insurance Claim Be Denied Due to War or Other Undefined Terms?
Court Denies Recovery of Public Adjuster Fees in Breach of Contract Action
Ashley Harris | Property Insurance Coverage Law Blog | December 16, 2018 In Kingshill Hospitality, Inc. v. American Economy Insurance Company,1 the policyholder’s hotel was damaged by a fire. Three days later the policyholder hired a public adjuster to assist in submitting its insurance claim. A dispute arose regarding the amount of loss and the policyholder filed… Continue reading Court Denies Recovery of Public Adjuster Fees in Breach of Contract Action