Tred R. Eyerly | Insurance Law Hawaii The court dismissed the insured’s complaint against the agent for alleged failure to procure proper coverage. Asphalt Recovery Specialists, Inc. v. Gallagher, 2023 U.S. Dist. LEXIS 73112 (D. Colo. March 23, 2023). Asphalt Recover Specialists, Inc. (ARS) engaged Arthur J. Gallagher & Co. to procure… Continue reading Agent Not Responsible for Insured’s Lack of Coverage
Category: Insurance Coverage
Insurer Owes Duty To Defend In Toilet Wipe Property Damage Case: Takeaways From Harleysville Preferred Ins. Co. V. Dude Products, Inc.
Adam K. Hollander adn Haley A. Hinton | Barnes & Thornburg In Harleysville Preferred Ins. Co. v. Dude Products, Inc., the U.S. District Court for the Northern District of Illinois considered whether a general liability insurer had a duty to defend a putative consumer class action in which there were no specific causes of action for property damage.… Continue reading Insurer Owes Duty To Defend In Toilet Wipe Property Damage Case: Takeaways From Harleysville Preferred Ins. Co. V. Dude Products, Inc.
What is the Difference Between Replacement Cost Value (RCV) and Actual Cash Value (ACV)?
Jorge Cruz-Bustillo | Chartwell Law The takeaway from this article is to understand that the acronyms of RCV and ACV simply characterize the inclusion or exclusion of recoverable depreciation. These terms do not, under any circumstance, reflect the “scope of the damages” required to be paid at the time of the initial coverage decision. Replacement… Continue reading What is the Difference Between Replacement Cost Value (RCV) and Actual Cash Value (ACV)?
Tomorrow’s Supply Chain – Insurance Coverage for Supply Chain Disruptions Caused by Labor Issues
Adrienne N. Kitchen | Reed Smith Labor shortages on the West Coast are causing supply chain disruptions and affected businesses may be seeking insurance coverage – the question is, is it covered? Today, many businesses rely on overseas material and labor, making supply chain risk one of the six biggest risks businesses face today. Any disruption… Continue reading Tomorrow’s Supply Chain – Insurance Coverage for Supply Chain Disruptions Caused by Labor Issues
A Recent Oregon Court of Appeals Decision Bears on Insurance Coverage for Repair of Construction Defects
Laurie Hager | Snell & Wilmer In a February 15, 2023 decision in Twigg v. Admiral Insurance Company, the Oregon Court of Appeals held that an insurance company was not required to indemnify its insured based on a claim for breach of a repair agreement that settled underlying construction defect claims. As background, the Twiggs hired… Continue reading A Recent Oregon Court of Appeals Decision Bears on Insurance Coverage for Repair of Construction Defects