Richard P. Dyer – July 17, 2012 A trial court in New York recently was faced with questions concerning the amount of damages a contracting party, Citibank, was entitled to because of the failure of its contractor to procure insurance. (See Spector v. Cushman & Wakefield, 2012 N.Y. Misc. LEXIS 2794; 2012 NY Slip Op… Continue reading Court holds a $500,000 SIR Fails to Comply with Insurance Requirements
High Park Fire Destroys $38.5M Worth of Homes; Insurance Losses Total $97M
The High Park Fire destroyed more than $38.5 million worth of homes when it tore through the canyons and valleys northwest of Fort Collins last month, and caused twice that in total damage, according to new estimates. The fire destroyed 259 homes and cabins — another cabin was destroyed by a mudslide last week —… Continue reading High Park Fire Destroys $38.5M Worth of Homes; Insurance Losses Total $97M
Florida Court Finds no Coverage for Chinese Drywall Claim
Brian Margolies – July 18, 2012 In its recent decision in First Specialty Insurance Corp. v. Milton Construction Co., 2012 U.S. Dist. LEXIS 97972 (S.D. Fla. July 16, 2012), the United States District Court for the Southern District of Florida had occasion to revisit the issue of whether the total pollution exclusion applied to a… Continue reading Florida Court Finds no Coverage for Chinese Drywall Claim
Delaware Amends Building Construction and Payment Statute
Seth A. Niederman – July 20, 2012 Delaware recently passed House Bill No. 109, which amends Delaware’s laws regarding Building Construction Payments. Two notable revisions which may be of interest to our readers: The amendments clarify when fees and costs may be awarded and the standard for awarding fees (see previous post on recovery of attorney’s fees here). Specifically, the… Continue reading Delaware Amends Building Construction and Payment Statute
Insurers Urge Incentives for States to Adopt Stronger Building Codes
July 24, 2012 Property/casualty insurers are backing a measure in Congress to incentivize states to adopt stronger building codes. The National Association of Mutual Insurance Companies (NAMIC) told members of a House panel today that the measure they are considering would help to save lives and reduce the need for federal disaster aid for the… Continue reading Insurers Urge Incentives for States to Adopt Stronger Building Codes