Michael S. Levine, Geoffrey B. Fehling and Charlotte Liszinske | Hunton Insurance Recovery Blog Timely notice is an important first step in a successful insurance recovery. But insurance policies are not always straightforward in identifying how, when, and to whom notice must be provided. Some states may also impose additional procedural hurdles, including requiring policyholders… Continue reading Compliance with Contractual and Jurisdictional Pre-Suit Requirements is Essential to Maximizing Recovery
Category: Insurance
Risky Business: Contractual Versus Equitable Rights of Subrogation
Kyle Rice | White and Williams In Zurich Am. Ins. Co. v. Infrastructure Eng’g. Inc., 2023 Ill. App. LEXIS 383, the insurer, Zurich American Insurance Company (Insurer) proceeded as subrogee of Community College District No. 508 d/b/a City Colleges of Chicago and CMO, a Joint Venture. The Appellate Court of Illinois, First District (Appellate Court) addressed… Continue reading Risky Business: Contractual Versus Equitable Rights of Subrogation
Insured Makes Sufficient Claim For Actual Cash Value Payment
Tred R. Eyerly | Insurance Law Hawaii The court denied, in part, the insurer’s motion for summary judgment that argued the insured made an insufficient showing of entitlement to Actual Cash Value (ACV) payments under the policy. RR Restoration, LLC v. Empire Indem. Ins. Co., 2023 U.S. Dist. LEXIS 129388 (M.D. Fla. July 16,… Continue reading Insured Makes Sufficient Claim For Actual Cash Value Payment
The Contractual Liability Exclusion In Insurance Contracts
Schwartz, Conroy & Hack General liability insurance policies typically contain several exclusions. One of the most common of these is the exclusion barring coverage for liability that the policyholder assumes through contracts with other parties. Depending on your business, it may be advisable to purchase a contractual liability endorsement as an add-on to your general… Continue reading The Contractual Liability Exclusion In Insurance Contracts
Are Punitive Damages Covered By Commercial General Liability Insurance?
Schwartz, Conroy & Hack Punitive damage awards. While your commercial general liability (CGL) insurance policy may provide coverage for punitive damages, coverage will also depend on the public policy in the state whose law governs the dispute. What Are Punitive Damages? Unlike compensatory damages, which compensate a plaintiff for injury or other losses caused by… Continue reading Are Punitive Damages Covered By Commercial General Liability Insurance?