Dick Bennett | Property Insurance Law Observer | November 13, 2015 Over the last several months, courts in Washington, Kansas, and Virginia have awarded victories to carriers asserting a suit limitation defense, and there are three valuable takeaways from the decisions. First, the insurer need not demonstrate that it was prejudiced by the failure to… Continue reading Insurers From Coast to Coast Notch Suit Limitation Victories
Depreciation of Labor Class Action — Minnesota Supreme Court Oral Argument
Wystan Ackerman | Robinson & Cole | November 8, 2015 I’ve been following closely a series of class actions around the country alleging that, in calculating the “actual cash value” of property damage under a homeowners or commercial property insurance policy, insurance companies should not be applying depreciation to the labor component of the replacement… Continue reading Depreciation of Labor Class Action — Minnesota Supreme Court Oral Argument
Arbitration: a Comparison of the Pros and Cons
Jonathan A. Berkelhammer | Ellis & Winters | November 2, 2015 The Federal Rules of Civil Procedure were designed to “secure a just, speedy, and inexpensive determination of every action and proceeding.” Fed. R. Civ. P. 1. Yet with the previously “accepted rule that a complaint should not be dismissed for failure to state a… Continue reading Arbitration: a Comparison of the Pros and Cons
8 Characteristics of a Good Insurance Executive
Limore Zilberman | Property Casualty 360° | November 10, 2015 Pyschometric test results show that insurance executives defy stereotypes. (Photo: Thinkstock) Within the insurance industry, we take certain attributes for granted: diligence, detail orientation, a fundamental understanding of data. However, it’s rare to take a step back and examine the actual psychological characteristics of insurance… Continue reading 8 Characteristics of a Good Insurance Executive
Insurance and Banking Subcommittee Votes in Favor of Regulating Umpires and Appraisers
Nicole Vinson | Property Insurance Coverage Law Blog | November 7, 2015 Florida lawmakers are being asked to license property insurance umpire and appraisers. While it is uncertain whether House Bill 79 will pass and become the law of the State of Florida, the insurance and banking committee voted 10 to 3 to let the… Continue reading Insurance and Banking Subcommittee Votes in Favor of Regulating Umpires and Appraisers