Tred R. Eyerly | Insurance Law Hawaii Affirming the district court, the Eleventh Circuit agreed that the insured subcontractor was entitled to a defense against claims of faulty workmanship, but no defense was owed to the additional insured subcontractor. Cincinnati Spec. Underwriters Ins. Co. v. KNS Group, LLC, 2022 U.S. App. LEXIS 27949 (11th… Continue reading Defense Owed to Insured Subcontractor, but not to Additional Insured
Category: Insurance
An Uncompromising Insurer: What is a Policyholder to Do?
Eric Jesse | Lowenstein Sandler Eric Jesse addresses the unfortunately common experience during mediation of when an insurer balks at settlement resolutions: should a policyholder walk away, “pay and chase,” offer the right to receive insurance proceeds, or stand its ground? Speakers: Eric Jesse, Partner, Insurance Recovery READ THE TRANSCRIPT Eric Jesse: Hi, I’m Eric Jesse, partner… Continue reading An Uncompromising Insurer: What is a Policyholder to Do?
‘Wrongful Acts’ Includes Both Negligent and Intentional Acts
Ysabelle Reyes | Wiley Rein The United States District Court for the Northern District of Illinois, applying Illinois law, has held that an insurer had a duty to defend an insured condominium association and its board members against an underlying lawsuit because the association’s board members allegedly committed “Wrongful Acts” under the directors and officers… Continue reading ‘Wrongful Acts’ Includes Both Negligent and Intentional Acts
Avoiding Common Pitfalls And Preserving Defenses In The Event Of Application Misrepresentation
Mary Alice Jasperse | Drew Eckl & Farnham When faced with evidence that an insured misrepresented material facts on an application for insurance, the stakes are high: taking the position that a policy is void ab initio and provides no coverage for a loss usually results in litigation. Insurance carriers are wise to ensure that the case… Continue reading Avoiding Common Pitfalls And Preserving Defenses In The Event Of Application Misrepresentation
Insurance Limits, Inflation, and Skyrocketing Replacement Costs
Hannah Albion, Richard Morehouse and Jon Pinney | Kohrman Jackson & Krantz Unexpected inflation and increasing replacement costs could combine to present an unpleasant surprise to your expectations for property insurance coverage in a time of need. Many tend to think of real estate properties as stable fixed assets, well-positioned against many risks. However, for improved properties… Continue reading Insurance Limits, Inflation, and Skyrocketing Replacement Costs