Matt Ferrie | The Subrogation Strategist Matt Ferrie, Partner, is returning to host the newest episode of Subro Sessions. This episode is the first part of a series entitled “Investigating Residential Electrical Fires.” Joining Matt is Bert Davis, Principal for Romauldi, Davidson & Associates and BDA Engineering. Matt and Bert address common misconceptions and factors… Continue reading Investigating Residential Electrical Fires – Part 1
Category: Insurance
Wildfire Threats Make Utilities Uninsurable in U.S. West
Mark Chediak | Claims Journal Trinity Public Utilities District’s power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely forested terrain in Northern California that has some of the highest wildfire risk in the country. But for several years, the company has been without insurance to protect it from… Continue reading Wildfire Threats Make Utilities Uninsurable in U.S. West
Experts Answer: ‘Is’ is More Than Just a Verb in a Policy
Phillip Morris | Claims Journal Question: “Can you define the word ‘is’ in a homeowners policy? Do you think the meaning can change based on how it’s used in the policy?”—Artie Allen, owner of The Allen Agency (Mount Pleasant, South Carolina) Answer: In a homeowners policy, the word “is” generally functions as a linking verb that connects… Continue reading Experts Answer: ‘Is’ is More Than Just a Verb in a Policy
Insurer’s Refusal to Consider Supplemental Claim Found Improper
Tred R. Eyerly | Insurance Law Hawaii The Eleventh Circuit reversed the district court’s finding that the insurer had properly rejected the insured’s supplemental claim. Great Lakes Ins. SE v. Concourse Plaza A Condomiium Association, Inc., 2024 U.S. App. LEXIS 8958 (11th Cir. April 15, 2024). On September 10, 2017, Hurrican Irma… Continue reading Insurer’s Refusal to Consider Supplemental Claim Found Improper
Res Judicata Bars Insured from Challenging Insurer’s Use of Schedule to Deduct Depreciation from the Loss
Tred R. Eyerly | Insurance Law Hawaii The insured was barred by res judicata from filing a second lawsuit challenging the insurer’s method of establishing the amount of the loss. Burke v. GeoVera Spec. Ins. Co., 2024 U.S. App. LEXIS 9186 (5th Cir, April 16, 2024). On August 29, 2021, Hurricane Ida… Continue reading Res Judicata Bars Insured from Challenging Insurer’s Use of Schedule to Deduct Depreciation from the Loss