Gregory M. Boucher | Construction Industry Counselor | March 26, 2019 A recent Federal Court summary judgment decision provides a stark warning for contractors and owners to adequately secure their construction sites, or risk denial of insurance coverage. See Praetorian Ins. Co. v. Axia Contracting, LLC, No. 17-CV-2034-WJM-KLM, 2019 WL 1002939 (D. Colo. Mar. 1, 2019). In Praetorian,… Continue reading Builder’s Risk Insurance Coverage for $3 Million Loss Denied Due to Failure to Adequately Secure Construction Site
Category: Insurance Coverage
Dictionary Guides Court in Multimillion-Dollar Coverage Dispute
Janine Stanisz | Policyholder Pulse | March 22, 2019 A little under two years ago, we wrote about the fatal Oxford comma—you know, the one that comes before “and” in a list—and the impact of its omission on a court’s interpretation of a Maine employment statute. The court effectively gave a $10 million lesson in grammar… Continue reading Dictionary Guides Court in Multimillion-Dollar Coverage Dispute
Applying Depreciation in California – Understanding the Guidelines
Victor Jacobeills | Property Insurance Coverage Law Blog | March 26, 2019 The California Insurance Code mandates if a property insurance policy requires actual cash value payment, the payment must be based on the property’s depreciation for two types of claims: (1) a partial loss to a structure, i.e., a home or building and (2) damaged… Continue reading Applying Depreciation in California – Understanding the Guidelines
Calculating RCV and ACV for Structures and Personal Property in California in 2019
Daniel Veroff | Property Insurance Coverage Law Blog | March 25, 2019 California has statutory and case law that defines replacement cost and actual cash value, and these laws are read into every insurance policy notwithstanding what the policy language says. This blog has several posts on the subject,1 and this post aims to give you… Continue reading Calculating RCV and ACV for Structures and Personal Property in California in 2019
A Good-Faith Attempt to Limit Unwarranted Bad-Faith Liability in Georgia
Tiffany L. Powers, Kyle G.A. Wallace and Bryan W. Lutz | Alston & Bird | March 20, 2019 A victory for insurers in Georgia’s Supreme Court clarifies state law on liability for failing to settle a claim. Our Insurance Litigation & Regulatory Team offers three key holdings that will limit an insurer’s potential exposure. The… Continue reading A Good-Faith Attempt to Limit Unwarranted Bad-Faith Liability in Georgia