Ronald Mallory | J.S. Held Introduction Marine facilities have evolved into highly developed, complex, vital infrastructure. What were once collections of docks, pavements, warehouses and guard shacks have become complex cities. Modern ports have rail facilities, multiple utilities (e.g. steam, water, sewer, storm drain, electrical and communication services), fuel distribution, hoisting and conveyance systems, dust… Continue reading Challenges to Cost Modelling for Marine-Related Property Claims
Category: Property Insurance Claims
Wildfires and Property Insurance: Navigating a Shifting Landscape
Cameron Zangenehzadeh, Nathan Davis and Seth Row | Ahead of Schedule As wildfires grow more frequent and severe across California, Oregon, and Washington, homeowners and businesses face mounting challenges in securing and maintaining property insurance. The Los Angeles wildfires alone have resulted in tragic losses—28 lives, thousands of homes destroyed, and billions in economic damage.… Continue reading Wildfires and Property Insurance: Navigating a Shifting Landscape
Damage to Property Coverage Update
Chelsea A. Saferian | Plunkett Cooney Admiral Ins. Co. v. Tocci Bldg. Corp.No. 22-1462, 2024 WL 4716375 (1st Cir. Nov. 8, 2024) The U.S. Court of Appeals for the First Circuit held that the defendant insureds were not owed coverage for underlying litigation that alleged defective work caused by a subcontractor. Admiral Insurance Company (Admiral) brought… Continue reading Damage to Property Coverage Update
Renovations And Reckonings: Navigating Unjust Enrichment In Property Disputes
Michael O’Donnell, Kevin Hakansson, Thomas J. Persico and Kori Pruett | Riker Danzig Introduction In February 2024, the New Jersey Appellate Division affirmed a trial court’s decision on a motion to dismiss rejecting a property owner’s unjust enrichment claims. The claims related to costly improvements made while the trial court’s order vacating final judgment in… Continue reading Renovations And Reckonings: Navigating Unjust Enrichment In Property Disputes
Delaware’s Supreme Court Addresses What Constitutes a “Claim for Damages”
Ezhan Hasan | Wiley Rein The Supreme Court of Delaware has held that a letter received by an insured from an attorney purporting to represent unidentified plaintiffs and forecasting future litigation did not constitute a “claim for damages” under a claims-made policy. Zurich Am. Ins. Co. v. Syngenta Crop Prot., LLC, 2024 WL 763418 (Del. Feb.… Continue reading Delaware’s Supreme Court Addresses What Constitutes a “Claim for Damages”