Jim Turner | Miami Herald | December 9, 2015 The state-backed Citizens Property Insurance wants to change policy language in an attempt to stem the growth of water-damage claims the agency says are starting to spill out of South Florida. The Citizens Board of Governors on Wednesday unanimously agreed to move forward with the changes… Continue reading Citizens Property Insurance Seeks Changes for Water Claims
Tag: Insurance Claims
Courts are for Coverage; Appraisals are for Amount
Katelyn Mae Desrosiers | Butler Weihmuller Katz Craig LLP | December 10, 2015 When insurers dispute coverage, rather than the amount of loss, a court is the appropriate decision maker to resolve the coverage issue. However, when an insurer finds coverage, but disputes the amount of loss, appraisal is the appropriate venue to determine a… Continue reading Courts are for Coverage; Appraisals are for Amount
7 Simple Underwriting Questions Nobody Asks
Christopher J. Boggs | Academy Journal Blog | December 14, 2015 First, let’s be clear – this is only a SMALL sampling of simple questions agents and underwriters fail to ask! There are dozens of simple, common sense questions that are often skipped – why remains a mystery. Second, this article does not provide every… Continue reading 7 Simple Underwriting Questions Nobody Asks
Unique Look at One of the Newest Aspects of Construction Defect Coverage (And a Broker Warning)
Randy J. Maniloff | LexisNexis® Legal Newsroom Insurance Law | December 1, 2015 If you do construction defect coverage work, then you’ve definitely seen an endorsement, on a general liability policy, that is along the lines of this (but with more detail): If liability arises out of the insured’s use of a sub-contractor, no coverage… Continue reading Unique Look at One of the Newest Aspects of Construction Defect Coverage (And a Broker Warning)
Can Faulty Workmanship give Rise to a Covered Insurance Claim? Illinois Court says Yes
Stan Martin | Commonsense Construction Law LLC | November 30, 2015 The court states the issue in its first sentence: “This case presents a straightforward, but unsettled, question of Illinois law: Is there an ‘occurrence’ under standard-form comprehensive general liability (“CGL”) policies when the named insured contractor’s faulty workmanship causes damage to a building that… Continue reading Can Faulty Workmanship give Rise to a Covered Insurance Claim? Illinois Court says Yes