Tim Soefje | Freeman Mathis & Gary Construction and design professional firms that ignore how to effectively manage their workforce during this Great Resignation and post-Covid remote-work era will likely experience a significant increase in professional liability and construction defect claims. In late 2021, the nation’s “quit rate” reached a 20-year high and hasn’t really… Continue reading Managing Construction Claims Risk In The Age Of Gen Z And The Great Resignation
Category: Insurance
Five Property Insurance Warning Signs and What to Do About Them
Chris Scheffler | Woodruff Sawyer Replacement value is the main factor to consider when determining property program limits. The Construction, Occupancy, Protection, and Exposure (COPE) features of the building also impact the cost, availability, and terms of property insurance. In this article, we examine five site conditions that have the biggest impact on the risk… Continue reading Five Property Insurance Warning Signs and What to Do About Them
Missouri Takes A Stand On Depreciation
Alycen A. Moss and Dakota Knehans | Property Insurance Law Observer On June 28, the Missouri Court of Appeals upheld a lower court’s decision finding Lexington Insurance Company (“Lexington”) breached its policy with homeowner Cynthia Franklin. Franklin’s home has sustained damage in a May 2016 storm for which she submitted a claim with Lexington. Lexington… Continue reading Missouri Takes A Stand On Depreciation
Making Sure That The Best Case Truly Is A Settled Case
John P. Knight | Morrison Mahoney The truism in the insurance world that “the best case is a settled case” is sometimes worth a closer look. Insurers are motivated to settle cases for a variety of reasons, primarily to prevent future fees and expenses, and to avoid the potential risks presented by a claim. But… Continue reading Making Sure That The Best Case Truly Is A Settled Case
Subrogation Defense for Contractors: What to Do When an Insurance Carrier Sues You
Hendershot Cowart A homeowner or property owner (your client or customer) files a claim with their homeowners or property insurance for damage. The insurance company then comes after you, alleging it was a construction or design defect that caused the damage resulting in a claim. This is known as a subrogation claim. The insurance company… Continue reading Subrogation Defense for Contractors: What to Do When an Insurance Carrier Sues You