David G. Jordan | Saxe Doernberger & Vita Contractor professional liability coverage insures against liability that derives from the technical aspects of a construction project – including architectural, engineering, and survey work. It is especially valuable in circumstances where the contractor has design responsibility as part of its project scope, such as in the case… Continue reading What is Contractor Professional Liability Coverage?
Category: Insurance Coverage
Minnesota Just Made It Harder For Insureds To Claim ‘Bad Faith
Matthew S. Jones | Freeman Mathis & Gary In the matter entitled Fishbowl Solutions v. Hanover Ins. Co., the United States District Court for Minnesota affirmed a Magistrate Judge’s Order denying an insured’s motion to amend the complaint to allege “bad faith.” The insured purchased a technology professional liability policy. When a third-party fraudster obtained… Continue reading Minnesota Just Made It Harder For Insureds To Claim ‘Bad Faith
Treble Damages Awarded After Insurer Denies Coverage for Collapse
Tred R. Eyerly | Insurance Law Hawaii The Fourth Circuit upheld the district court’s decision that a collapse was covered, but reversed the denial of treble damages to the insured. DENC, LLC v. Phila. Indem. Ins. Co., 2022 U.S. App. LEXIS 10443 (4th Cir. April 18, 2022). The district court decision was summarized here. … Continue reading Treble Damages Awarded After Insurer Denies Coverage for Collapse
Massachusetts Federal Court Rejects Adria Towers, Finds Construction Defects Not An “Occurrence”
Eric B. Hermanson and Austin D. Moody | White and Williams In an important ruling for insurers, U.S. District Court Judge Patti Saris found that Massachusetts does not follow the position taken in Cypress Point Condo Association v. Adria Towers, LLC, 226 N.J. 403, 418 (2016), i.e., it does not hold that “faulty workmanship claims [should be recognized]… Continue reading Massachusetts Federal Court Rejects Adria Towers, Finds Construction Defects Not An “Occurrence”
Wildfire Insurance Coverage Series, Part 5: Valuation of Loss, Sublimits, and Amount of Potential Recovery
Scott P. DeVries | Hunton Andrews Kurth Insurance policies provide different levels of insurance coverage and even if the amount purchased was adequate at one time, developments over time (e.g., inflation, upgrades, regulatory changes and surge pricing) may leave the policyholder underinsured. In this post in the Blog’s Wildfire Insurance Coverage Series, we emphasize the… Continue reading Wildfire Insurance Coverage Series, Part 5: Valuation of Loss, Sublimits, and Amount of Potential Recovery