Christopher Barbarisi | Construction Executive | February 21, 2017 Design-builders, general contractors and “at risk” construction managers are all vulnerable to the risk of a subcontractor default. Aside from contract-related safeguards, such as increased retention, joint checks and letters of credit, subcontractor surety bonds have been the traditional mechanism for third-party risk transfer. First introduced in the mid-1990s, subcontractor default… Continue reading Techniques to Maximize SDI Coverage and Streamline the Claim Process
Tag: Insurance Claims
“Measurable Increase in Risk” Is Not Specific Enough Reason for Policy Cancellation
Christina Phillips | Property Insurance Coverage Law Blog | March 12, 2017 In August, I wrote a blog post about an insurer who had violated section 143.17a(a) of the Illinois Insurance Code by failing to provide adequate notice of their intention to non-renew a policy. As a result of its failure to timely provide notice… Continue reading “Measurable Increase in Risk” Is Not Specific Enough Reason for Policy Cancellation
Emotional Distress Damages Not Distinct from “Annoyance and Discomfort” Damages in Case Arising from 2007 California Wildfires
Kristen Lee Price and Lawrence S. Zucker II | Haight Brown & Bonesteel LLP | February 3, 2017 In Hensley v. San Diego Gas & Elec. Co., (No. D070259, filed 1/31/17), the California Court of Appeal for the Fourth Appellate District held that emotional distress damages are available on claims for trespass and nuisance as part… Continue reading Emotional Distress Damages Not Distinct from “Annoyance and Discomfort” Damages in Case Arising from 2007 California Wildfires
Oregon Supreme Court Rules Insurer May Owe Attorney Fees Even After Settlement
Terri A. Sutton | Cozen O’Connor | March 1, 2017 The Oregon Supreme Court, in Long v. Farmers Insurance Company of Oregon, ruled that “when an insured files an action against an insurer to recover sums owing on an insurance policy and the insurer subsequently pays the insured more than the amount of any tender… Continue reading Oregon Supreme Court Rules Insurer May Owe Attorney Fees Even After Settlement
Business Interruption Claims – Calculating The Period of Restoration
Kevin Pollack | Property Insurance Coverage Law Blog | March 2, 2017 Business interruption coverage provides protection against loss of income when a business suffers property damage from an insured peril (e.g., fire, water loss) that interrupts the operation of the business.1 A typical business interruption policy form provides that the insurer will pay the… Continue reading Business Interruption Claims – Calculating The Period of Restoration