Alycen A. Moss, Elliot Kerzner and Teri Mae Rutledge | Cozen O’Connor An intentional act may not be an “occurrence” even when there is no intent to cause harm, according to a California appellate court’s recent ruling in Ghukasian v. Aegis Security Insurance Co.1 Ghukasian involved an insured who hired contractors to level land and clear trees on… Continue reading Intentional Act Without Intent to Harm May Not Be an Occurrence
Category: Insurance
What You Need To Know About Recent Changes To Florida Property Insurance Law Affecting Admitted And Surplus Lines Insurers
William B. Collum | Butler Weihmuller Katz Craig Having been called back to the capitol by Florida’s governor for a special session to address issues within the property insurance market, the Florida Legislature passed two property insurance bills, SB 2-D and SB 4-D, both of which were signed by the Governor on May 26, 2022.… Continue reading What You Need To Know About Recent Changes To Florida Property Insurance Law Affecting Admitted And Surplus Lines Insurers
Tools & Talent: Insurers Need Both in Claims
Richared Vonesh | Property Casualty 360 Striking a balance between tech tools and human skills will require more strategic thinking around claims operations. When property & casualty insurers peer into the future of claims operations, most envision digital technologies playing a dominant role. Although digital transformation is occurring and necessary in claims departments, there will always… Continue reading Tools & Talent: Insurers Need Both in Claims
Spotlight: Quantifying Damages Claims in USA
Amy Rees, Gary J. Mennitt and Ryan M. Moore | Dechert An extract from The Global Damages Review, 4th Edition Quantification of financial loss i Introduction In the United States, the general goal of compensatory damages is ‘to restore the injured party, to the extent possible, to the position that would have been occupied had… Continue reading Spotlight: Quantifying Damages Claims in USA
The Requirement to Post Collateral Under General Agreement of Indemnity is Real
David Adelstein | Florida Construction Legal Updates In prior postings, I have discussed the all-powerful General Agreement of Indemnity (click here and here). This is the document a bond-principal executes to obtain bonds (e.g., performance and payment bonds). Not only does the bond-principal execute this General Agreement of Indemnity, but typically, so do other indemnitors such as the company’s principals… Continue reading The Requirement to Post Collateral Under General Agreement of Indemnity is Real