Iris Kuhn | Property Insurance Coverage Law Blog | November 30, 2018 Business interruption coverage is very valuable to many policyholders in the wake of Hurricane Michael. Florida business owners may seek coverage under their commercial insurance policies for business interruption, which indemnifies them for lost earnings and expenses if their businesses are partially or… Continue reading Period of Restoration – Valuing Business Interruption Claims, Part I
Category: Insurance Coverage
Ambiguous Insurance Application Language Leads to Bad Faith Award
Marle Laur | Property Insurance Coverage Law Blog | November 25, 2018 A Nebraska court recently ruled that an insured was entitled to bad faith damages after the court found that an insurance application was ambiguous in its language. In the case at hand, Eric Hayes (“Hayes”), the plaintiff and insured, owned a home in… Continue reading Ambiguous Insurance Application Language Leads to Bad Faith Award
“An” Versus “Any”: When One Word Makes a Profound Difference in an Insurance Contract
Jeff Collins | Jones, Skelton & Hochuli PLC | November 14, 2018 A fundamental principle of insurance is that it provides a safety net for fortuitous events which may create liability against the insured. Equally fundamental is the principle that liability insurance policies do not insure foreseen, expected or intentional acts or omissions of an… Continue reading “An” Versus “Any”: When One Word Makes a Profound Difference in an Insurance Contract
A Short Fable About Property Insurance
Joshua Stein | Joshua Stein PLLC | November 20, 2018 A man in Monsey named Moshe bought a townhouse. He bought homeowner’s insurance for the townhouse. The man’s daughter moved into the townhouse. The man never lived there. For 10 years, premiums were paid on the homeowner’s policy. Then a pipe broke in a wall,… Continue reading A Short Fable About Property Insurance
Construction One-Minute Read: What If Your Insurance Carrier Negligently Provides Insufficient Coverage?
Jonathan M. Mraunac | Ogletree Deakins | November 13, 2018 On October 18, 2018, the Illinois Supreme Court clarified when the statute of limitations begins to run on a claim for negligent procurement of insurance by an insurance agent or broker. In American Family Mutual Insurance Company v. Krop, 2018 IL 122556, the Illinois Supreme Court… Continue reading Construction One-Minute Read: What If Your Insurance Carrier Negligently Provides Insufficient Coverage?