Tred R. Eyerly | Insurance Law Hawaii The lower court correctly reformed the policy to replace the prior owner with the new owner as an additional insured under the policy. Wesco Ins. Co. v. Fulmont Mut. Ins. Co., 2023 N.Y. App. Div. LEXIS 2650 (N. Y. App. Div. May 11, 2023). Beyond… Continue reading Policy Reformed to Add New Building Owner as Additional Insured
Category: Insurance
Generative AI’s Impact On Insurance Coverage: An Interview With ChatGPT-4 And Coverage Counsel On What Policyholders Should Be Doing Now
Tamara D. Bruno, Peter M. Gillon and Jesse N. Vazquez | Pillsbury Winthrop Shaw Pittman Generative AI is transforming our economy in previously unimagined ways, with Goldman Sachs estimating a $7 trillion (7%) increase in global GDP by virtue of this ecosystem. Insurance is but one sector that will be impacted, with new products, services and opportunities… Continue reading Generative AI’s Impact On Insurance Coverage: An Interview With ChatGPT-4 And Coverage Counsel On What Policyholders Should Be Doing Now
Florida Enacts Property Insurance Overhaul for Benefit of Policyholders
Laura Farrant and Bradley S. Fischer | Lewis Brisbois On June 1, 2023, Governor Ron DeSantis signed into law CS/SB 7052 (the Act), increasing consumer protection and insurer accountability in Florida. The newly enacted and amended statutes under CS/SB 7052 bolster policyholder protections and impose greater insurer oversight, including heightened penalties for insurer misdeeds in… Continue reading Florida Enacts Property Insurance Overhaul for Benefit of Policyholders
Construction Litigation Roundup: “A Reel Insurance Brainteaser”
Daniel Lund III | Phelps Dunbar During construction of a movie theater in New York, an employee of a subcontractor was seriously injured by a co-employee operating a forklift. The injured employee sued the general contractor and the project and property owners for his injuries. The general contract had the typical insurance clauses in it,… Continue reading Construction Litigation Roundup: “A Reel Insurance Brainteaser”
Improvement or Malpractice? Florida Court of Appeals Addresses Applicable Statute of Limitations
Kyle Rice | The Subrogation Strategist In Am. Auto. Ins. Co. v. FDH Infrastructure Servs. LLC., No. 3D22-1143, 2023 Fla. App. LEXIS 3662, the Court of Appeals of Florida, Third District (Court of Appeals) addressed whether Florida’s two-year statute of limitations governing professional malpractice actions or four-year statute of limitations governing improvements to real property was… Continue reading Improvement or Malpractice? Florida Court of Appeals Addresses Applicable Statute of Limitations