Advise & Consult, Inc. – April 2, 2013 The Hartford is focusing on midsize and large construction companies, and as such is adjusting its Construction Group. Expansion of its Construction Group capabilities brings underwriting, claims management and loss control facilities together as well as adding construction underwriters in key markets across the United States. Leading… Continue reading Construction Group Expands at The Hartford
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Amy O’Connor – March 13, 2013 Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements, one for homeowners and another for commercial roofs, that are becoming available. The two organizations that standardize forms and policies for property/casualty insurers, the American Association… Continue reading Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Changes Taking Effect to North Carolina Lien and Bond Laws
John I. Mabe – March 13, 2013 The rules are changing when it comes to North Carolina lien and bond laws. And, the new provisions are substantially altering the way in which all parties involved in lien rights – from owners, buyers, and sellers to general contractors, subcontractors, lenders, and title companies – handle construction,… Continue reading Changes Taking Effect to North Carolina Lien and Bond Laws
Industry Report Shows Ore. Proposals Could Cost $200M
Insurance News Net – March 15, 2013 The Property Casualty Insurers Association of America issued the following news release: Lessons learned in other states demonstrates that expansion of bad faith laws leads to increased costs for consumers, businesses and court systems. Oregon lawmakers should avoid importing several bad faith laws from other states that have… Continue reading Industry Report Shows Ore. Proposals Could Cost $200M
Pennsylvania Makes Its Mark On National Chinese Drywall Coverage Dispute With “One Occurrence” Decision
Andrea Cortland – March 12, 2013 On February 15, 2013 a Pennsylvania federal district court held that the shipment of defective drywall from China to the United States constituted one “occurrence” for purposes of insurance coverage, and the occurrence took place when the damage caused by the drywall manifested itself in the residences or buildings… Continue reading Pennsylvania Makes Its Mark On National Chinese Drywall Coverage Dispute With “One Occurrence” Decision