Michael Iakovou and Olivia Piluso | KL Legal What is builder’s risk insurance? Builder’s risk insurance covers accidental losses, damages and destruction to property damages during construction operations. Under typical construction industry standards, either the owner or the contractor purchases builder’s risk coverage. The party that purchases the policy depends on who has the greater… Continue reading Builder’s Risk Insurance For Construction Projects
Category: Insurance
Impairing Your Insurer’s Subrogation Rights
David Adelstein | Florida Construction Legal Updates Liability insurance policies have a provision that allows them to subrogate to the rights of their insured. This provision is commonly referred to as a transfer of rights provision and reads: If the insured has rights to recover all or part of any payment we have made under this Coverage Part, those… Continue reading Impairing Your Insurer’s Subrogation Rights
A Guide to California’s Changes to Civil Discovery Rules
Amy Frerich and Michael Fullam | Lewis Brisbois California legislators have changed the rules of discovery in civil cases through the passage of amendments to Code of Civil Procedure sections 2016.090 and 2023.050, effective January 1, 2024. Section 2016.090 creates a new set of rules for civil litigators in cases filed on or after January… Continue reading A Guide to California’s Changes to Civil Discovery Rules
California Insurance Reform Creates Opportunity
Greg Hoffnagle, Andrew Kliewer and Alex Selarnick | Goodwin Procter As wildfires continue to grow in frequency and scale across California, and as the state’s homeowner’s insurance crisis continues to worsen, the California Department of Insurance (DOI) has issued a proposed regulation that, for the first time, would allow insurers to rely on catastrophe models in setting… Continue reading California Insurance Reform Creates Opportunity
Do The Sublimits In Your Insurance Policies Expand Or Reduce Coverage?
Lynda A. Bennett and Alexander B. Corson | Lowenstein Sandler Earlier this month, the New Jersey Appellate Division issued an unpublished opinion reminding policyholders of the first rule of insurance: Words matter. In Rivera v. Starstone Specialty Ins. Co.,1 the court was asked to address a common fact pattern, in which a follow-form excess insurer sought to… Continue reading Do The Sublimits In Your Insurance Policies Expand Or Reduce Coverage?