Ronald Williams | Fox Rothschild Does it make sense, strategically, to send out a form letter now making a claim for more time and more money as a contractor? As a result of government shutdowns across many states, some contractors have resorted to sending out aggressive letters asserting claims for more time and money. Frequently, these letters… Continue reading Project Delayed? Avoid Sending Generic Claim Letters In Times Like These
Category: Insurance
COVID-19 Impacts on Subcontractor Default Insurance and Ripple Effects
Daniel McLennon | Smith Currie & Hancock Subcontractor default insurance (“SDI”) may be described as an alternative to bonding subcontractors. SDI is first-party insurance that compensates the general contractor insured in the event a covered subcontractor fails to fulfill its contractual obligations. Under SDI policies, general contractor insureds are obligated to develop and implement rigorous… Continue reading COVID-19 Impacts on Subcontractor Default Insurance and Ripple Effects
10 Tips To Preserve Insurance Coverage For COVID-19 Claims
Kellie Nelson Fetter, Matthew Heketh, Craig Morgan, Chris Mosley, William Reed and Brooke Yates | Sherman & Howard In the midst of the COVID-19 crisis, many businesses hope (and appropriately so) that insurance—whether business interruption, event cancellation, D&O or otherwise—will step in and pay for some of those losses. However, the insurance landscape is littered… Continue reading 10 Tips To Preserve Insurance Coverage For COVID-19 Claims
Reverse Preemption Is Alive And Well In Washington State
Larry P. Schiffer | Squire Patton Boggs Most reinsurance contracts have binding arbitration provisions. The Federal Arbitration Act (FAA) sets out a national policy in favor of arbitration. Yet, there are states that expressly preclude arbitration provisions in insurance contracts. Does that apply to reinsurance contracts? In Washington Cities Insurance Authority v. Ironshore Indemnity, Inc., No.… Continue reading Reverse Preemption Is Alive And Well In Washington State
Insurance Coverage Questions Abound Amidst COVID-19 Outbreak
Douglas Christian | Ballard Spahr Among the legal issues presented by the coronavirus outbreak is the extent to which insurance policies may provide relief for virus-related losses. Proactive businesses are reviewing the specific risks they face and looking for ways to manage those risks through their existing policies and additional coverage available in the insurance… Continue reading Insurance Coverage Questions Abound Amidst COVID-19 Outbreak