Jason Cables | Ankura Consulting Group Often, the last thing a company wants to address immediately following a large property loss is an insurance claim. However, the claims preparation process is vital to ensuring that a business survives a large property loss. Throughout my career of measuring and preparing large property losses for insureds, I… Continue reading Preparing For And Responding To A Large Property Loss
Category: Insurance Coverage
An Occurrence Under Builder’s Risk Insurance Policy is Based on the Language in the Policy
David Adelstein | Florida Construction Legal Updates Builder’s risk insurance coverage is a vital property insurance coverage during the course of construction. Builder’s risk insurance is not a one-size-fits-all product so please make sure you are working with your insurance broker to procure this product that factors in and covers risk associated with the project. Builder’s risk insurance is… Continue reading An Occurrence Under Builder’s Risk Insurance Policy is Based on the Language in the Policy
11th Cir. Affirms That Georgia’s Implied Waiver Doctrine Cannot Be Used to Create Coverage
Roben West | PropertyCasualtyFocus In Century Communities of Georgia LLC v. Selective Way Insurance Co., the Eleventh Circuit Court of Appeals affirmed that the Georgia Supreme Court’s 2012 opinion in Hoover v. Maxum Indemnity Co. does not apply to “coverage defenses” — that is, whether a loss is potentially covered under a policy in the first place. Rather,… Continue reading 11th Cir. Affirms That Georgia’s Implied Waiver Doctrine Cannot Be Used to Create Coverage
Words Matter: a Series of Leaks Constitutes a Single Occurrence Under Particular Policy Language
Thais Passerieu | Butler Weihmuller Katz Craig In a recent decision from the United States District Court for the Middle District of Florida, Tampa Division, styled KT State & Lemon, LLP et al. v. Westchester Fire Ins. Co. et al.,[1] the Court granted summary judgment to the Plaintiffs and held that a series of leaks occurring over… Continue reading Words Matter: a Series of Leaks Constitutes a Single Occurrence Under Particular Policy Language
Endorsements Typically Used in the Construction Industry
Sacks Tierney Insurance policies often include endorsements that materially alter the scope of coverage, especially in residential and multi-use construction. Very often insurance policies include endorsements that materially alter the scope of coverage, especially in residential and multi-use construction. When blindsided by an endorsement excluding coverage, all is not lost. These endorsements may be subject… Continue reading Endorsements Typically Used in the Construction Industry