Advise & Consult, Inc. It seems that some new property insurance policy forms may require additional criteria for determining the qualifications of appraisers and umpires. Here are some details from State Farm’s new California property insurance policy: f. To qualify as an appraiser or umpire for a loss to property described in COVERAGE A –… Continue reading New Policy Forms May Call For Umpire and Appraiser Credentials
Category: Insurance
Colo. Supreme Ct. the Latest to Decide if Claims Adjusters Can Be Held Personally Liable
Jim Sams | Claims Journal For the third time in three years, a state supreme court is being asked to decide whether a claims adjuster can be held personally liable for bad faith. The Colorado Supreme Court on Jan. 11 heard oral arguments in a case that was brought before it via a certified question… Continue reading Colo. Supreme Ct. the Latest to Decide if Claims Adjusters Can Be Held Personally Liable
Colorado Enforces Ambiguous Limitation of Liability Clauses
Kelly Smith | Snell & Wilmer On September 23, 2021, the Colorado Court of Appeals issued its opinion in Johnson Nathan Strohe, P.C. v. MEP Engineering, Inc., addressing a matter of first impression. The court of appeals held for the first time that an ambiguous limitation of liability clause may be enforced. This stands in contrast… Continue reading Colorado Enforces Ambiguous Limitation of Liability Clauses
What Goes Around Comes Around
Jonathan Bank, Matthew Murphy and Ernesto Rafael Palomo | Locke Lord In 1990, the Second Circuit in Bellefonte Reinsurance Co. v. Aetna Casualty & Surety Co., 903 F.2d 910 (2d Cir. 1990), affirmed a District Court judgment that reinsurers were not obligated to pay additional sums for defense costs over and above the limits of liability… Continue reading What Goes Around Comes Around
ACV And RCV: Are Courts Respecting The Difference?
Mary Alice Jasperse | Drew Eckl & Farnham A continual issue that our clients have seen is for contractors and public adjusters to attempt to blur the distinction between ACV and RCV figures in an effort to recover RCV upfront and without incurring the RCV expenses. In appraisal, this circumstance can arise when a policyholder demands appraisal… Continue reading ACV And RCV: Are Courts Respecting The Difference?