Marion Leydier, Mark F. Rosenberg and William D. Torchiana | Sullivan & Cromwell Insurance claims and coverage Third-party actions Can a third party bring a direct action against an insurer for coverage? As a general rule, such direct actions are not permitted in most states absent an unsatisfied judgment against the insured. A few states… Continue reading Snapshot: Insurance Claims and Coverage in USA
Category: Property Insurance Claims
Florida Supreme Court Defines Damages Recoverable by First-Party Insureds in Actions Alleging Breach of Policy
Jeffrey Michael Cohen | PropertyCasualtyFocus In Citizens Property Insurance Corp. v. Manor House, LLC, the Florida Supreme Court recently answered “no” to the following question certified as a matter of “great public importance”: In a first-party breach of insurance contract action brought by an insured against its insurer, not involving suit under section 624.155, Florida Statutes,… Continue reading Florida Supreme Court Defines Damages Recoverable by First-Party Insureds in Actions Alleging Breach of Policy
Improving Recovery on Delay and Impact Claims Using American Society of Civil Engineers’ Standard
Jason Ebe | Snell & Willmer 2020 is now behind us, and we have reason for a positive outlook for 2021. However, delays and impacts due to COVID-19 and other factors in 2020 will likely continue into 2021, and claims and disputes over relief will likely increase in 2021. A persuasive claim analysis and presentation… Continue reading Improving Recovery on Delay and Impact Claims Using American Society of Civil Engineers’ Standard
Court’s Opinion Provides Guidance on Protecting a Claims Handling Manual as a Trade Secret
Karl A. Schulz | Property Insurance Law Observer In Chavez v. Std. Ins. Co., 2020 U.S. Dist. LEXIS 203610 (N.D. Tex. Oct. 30, 2020), Judge David C. Godbey considered a variation on a common scenario that arises in first party cases. Typically, the insured/plaintiff wants an insurer’s claims handling manual to use against the insurer in… Continue reading Court’s Opinion Provides Guidance on Protecting a Claims Handling Manual as a Trade Secret
Who Has Priority Over My Recovery? – An Overview Of The Made Whole Doctrine
Jessica Skarin | Butler Weihmuller Katz Craig After paying out a claim, insurers often pursue a subrogation recovery from a responsible third party. In evaluating the potential for recovery, subrogation specialists consider many issues including proof of liability, applicable contract provisions, statutory limitations, and the cost of pursing a recovery. Well informed insurers also work… Continue reading Who Has Priority Over My Recovery? – An Overview Of The Made Whole Doctrine