Jason Cieri | Property Insurance Coverage Law Blog | November 11, 2019 A federal trial court in Pennsylvania recently ruled that the assertions made by the insureds were enough to overcome the insurer’s motion for judgment on the pleadings.1 On May 18, 2017, Nanette and Justin Bloxham’s home and contents were damaged by a fire. The… Continue reading Court Rules Insured Resided at Burnt Home Based on His Assertions
Category: Insurance Coverage
Economic Loss Not Property Damage
Tred R. Eyerly | Insurance Law Hawaii | August 26, 2019 The Fifth Circuit agreed with the district court that the insured subcontractor’s economic losses did not amount to covered property damage. Greenwich Ins. Co. v. Capsco Industries, Inc., 2019 U.S. App. LEXIS 23949 (5th Cir. Aug 12, 2019). Capsco Industries, Inc.… Continue reading Economic Loss Not Property Damage
Admissibility of Expert Opinions in Insurance Bad Faith Trials
David McLain | Colorado Construction Litigation| October 8, 2019 In 2010, Hansen Construction was sued for construction defects and was defended by three separate insurance carriers pursuant to various primary CGL insurance policies.[i] One of Hansen’s primary carriers, Maxum Indemnity Company, issued two primary policies, one from 2006-2007 and one from 2007-2008. Everest National Insurance Company issued… Continue reading Admissibility of Expert Opinions in Insurance Bad Faith Trials
Paying Overhead and Profit in First-Party Claims
Gary Wickert | Claims Journal | October 31, 2019 Standard homeowner policies pay personal property claims at actual cash value (ACV), which is the replacement cost (RC) of the damaged property based on its current used condition. In other words, it is valued at what it would cost to replace the property at today’s cost… Continue reading Paying Overhead and Profit in First-Party Claims
Insurance Myths: Does “Full Replacement Cost” Insurance Requirement Really Mean an Association has to Cover Everything?
Nancy Polomis | Hellmuth & Johnson | November 1, 2019 I recently had a conversation with an insurance agent who acknowledged he “didn’t deal much with homeowners associations.” His client lived in an association, and had suffered damage within his townhome that the agent thought should be covered under the association’s master insurance policy. He… Continue reading Insurance Myths: Does “Full Replacement Cost” Insurance Requirement Really Mean an Association has to Cover Everything?