Sacks Tierney The insurance company bears the burden to establish the applicability of any exclusion. Insurance policies limit coverage through the use of exclusions written into the policy. The insurer bears the burden to establish the applicability of any exclusion. Expected or Intended Injury Exclusion (a) in the standard CGL policy excludes any injury or… Continue reading Common Insurance Coverage Exclusions
Category: Insurance Coverage
Insurance Coverage Fundamentals
Sacks Tierney Typically, depending on when the insurance coverage is triggered, the insurance company has the duty to defend its policy-holder and may ultimately have the duty to indemnify. Insurance is the most common form of risk avoidance. Through insurance, the contractor can shift the financial burden of many standard and extraordinary business risks to… Continue reading Insurance Coverage Fundamentals
Sweeping Changes To “Bad Faith” In Florida
J. Blake Hunter | Butler Weihmuller Katz Craig After twelve (12) years of effort, and in what now seems like a blink of an eye during this legislative session, Governor DeSantis signed HB 837/SB 236 into law. This new legislation makes sweeping changes to “bad faith” law in Florida. This blog will summarize these changes… Continue reading Sweeping Changes To “Bad Faith” In Florida
Seventh Circuit Finds Notice-of-Impairment Exclusion Bars Coverage for Warehouse Fire
Alex M. Bein | PropertyCasualtyFocus In Frankenmuth Mut. Ins. Co. v. Fun F/X II, Inc., the U.S. Court of Appeals for the Seventh Circuit considered whether loss from a warehouse fire was excluded from coverage because of the insureds’ failure to notify the insurer of a known impairment to the building’s fire protection systems prior to… Continue reading Seventh Circuit Finds Notice-of-Impairment Exclusion Bars Coverage for Warehouse Fire
Lawsuit: Insurer Underpaid Millions by Deducting Labor Depreciation From Claims
Michelle Thompson | Repairer Driven News An insurance company is being sued by customers who claim they were unpaid on claims because the carrier deducted labor depreciation from their payouts. Illinois residents Betty and Daniel Grawe filed a class action complaint against Trumbull Insurance Co. last month, claiming it shortchanged them on a property damage… Continue reading Lawsuit: Insurer Underpaid Millions by Deducting Labor Depreciation From Claims