Jim Sams | Claims Journal The lingering impact of smoke and soot is complicating insurers’ efforts to resolve homeowners claims from the Marshall Fire, which destroyed 1,084 homes in Boulder County, Colorado last December. An in-depth report posted online this week by the nonprofit Boulder Reporting Lab told the story of “standing home survivors,” homeowners who did… Continue reading Smoke Damage a Source of Friction for ‘Standing Home Survivors’
Category: Property Insurance Claims
‘Wrongful Acts’ Includes Both Negligent and Intentional Acts
Ysabelle Reyes | Wiley Rein The United States District Court for the Northern District of Illinois, applying Illinois law, has held that an insurer had a duty to defend an insured condominium association and its board members against an underlying lawsuit because the association’s board members allegedly committed “Wrongful Acts” under the directors and officers… Continue reading ‘Wrongful Acts’ Includes Both Negligent and Intentional Acts
Insured’s Failure to Challenge Trial Court’s Application of Exclusion Makes Appeal Futile
Tred R. Eyerly | Insurance Law Hawaii The Texas Court of Appeals affirmed the trial court’s granting of summary judgment to the insurer because the appeal failed to challenge the exclusion under which the insurer found no coverage. Sosa v. Auto Club Indemn. Co., 2022 Tex. App. LEXIS 6520 (Tex. Ct. App. Aug. 30,… Continue reading Insured’s Failure to Challenge Trial Court’s Application of Exclusion Makes Appeal Futile
Insurance Limits, Inflation, and Skyrocketing Replacement Costs
Hannah Albion, Richard Morehouse and Jon Pinney | Kohrman Jackson & Krantz Unexpected inflation and increasing replacement costs could combine to present an unpleasant surprise to your expectations for property insurance coverage in a time of need. Many tend to think of real estate properties as stable fixed assets, well-positioned against many risks. However, for improved properties… Continue reading Insurance Limits, Inflation, and Skyrocketing Replacement Costs
Hawaii Appellate Court Finds Agent May Be Liable for Failing to Submit Claim
Tred R. Eyerly | Insurance Law Hawaii After the agent informed the insured there was no coverage and submitting a claim would be a useless effort, the Hawaii Intermediate Court of Appeal reversed the trial court’s dismissal of the insured’s suit against the agent. Pflueger, Inc. v. AIG Holdings, Inc., 2022 Haw. App. LEXIS… Continue reading Hawaii Appellate Court Finds Agent May Be Liable for Failing to Submit Claim