Beaujeaux do Lapouyade | Property Insurance Coverage Law Blog | November 19, 2017 The saying goes like this, “Say what you mean, and mean what you say.” We all know the business of contract construction is no easy task. But underwriters should go the extra mile to ensure a property insurance policy reads as the… Continue reading Punctuation Placement Could Lead to a Policyholder’s Next Victory
Tag: insurance coverage
Should We Expect a Surge in Reinsurance Disputes?
Larry P. Schiffer | Squire Patton Boggs | October 23, 2017 I recently came across a number of articles in the insurance trade press discussing the economic effect of the recent catastrophes on the reinsurance market. Some of the commentators wondered whether all of the property and related losses will cause reinsurance premiums to rise… Continue reading Should We Expect a Surge in Reinsurance Disputes?
Can You Settle Your Third-Party Claim While in Coverage Purgatory?
P. Wesley Lambert | Brouse McDowell | November 13, 2017 Most commercial general liability (CGL) policies grant control over the defense and settlement of third party claims to the insurer. Thus, the right to settle, or not settle, a third-party claim against the policyholder resides with the insurer. However, when an insurance company breaches its… Continue reading Can You Settle Your Third-Party Claim While in Coverage Purgatory?
NJ Courts Continue Expansion of Insurance Coverage for Construction Defects: “Continuous Trigger” Doctrine Applied
Adam J. Sklar | Property Insurance Coverage Law Blog | October 25, 2017 New Jersey courts are continuing their trend of extending insurance coverage for third-party construction defect claims. Following last year’s NJ Supreme Court decision in Cypress Point Condo. Ass’n, Inc. v. Adria Towers, LLC, 226 N.J. 403 (2016), which broadly interpreted the standard CGL… Continue reading NJ Courts Continue Expansion of Insurance Coverage for Construction Defects: “Continuous Trigger” Doctrine Applied
Is Substantial Compliance with a Proof of Loss Enough?
Christina Phillips | Property Insurance Coverage Law Blog | November 2, 2017 The purpose of a sworn proof of loss is to enable the insurer to properly investigate the circumstances of a loss while the occurrence is fresh in the minds of the witnesses, to prevent fraud, and to enable it to form an intelligent… Continue reading Is Substantial Compliance with a Proof of Loss Enough?