Evan Musselwhite and Amy Wooten | Ward and Smith Recently, the North Carolina Supreme Court issued a decision impacting the application of the economic loss rule in commercial settings, particularly construction. This article provides a refresher on the economic loss rule before turning to an overview of the Court’s decision and its potential impact. The… Continue reading The Economic Loss Rule – Recently Refined or Redefined by the North Carolina Supreme Court
Tag: North Carolina
When is a General Contractor’s License Required for Emergency Remediation Services?
Evan m. Musselwhite | Ward and Smith North Carolina has seen an increase in the need for building repair services following the damage caused by recent hurricanes, including Florence in 2018 and Dorian in 2019. Frequently, these services must be performed on an emergency basis. These services are referred to by many different names but… Continue reading When is a General Contractor’s License Required for Emergency Remediation Services?
Economic Loss Doctrine Bars Negligence Claim Against Building Company Owner, Individually
Michael L. DeBong | The Subrogation Strategist | October 20, 2016 In Beaufort Builders, Inc. v. White Plains Church Ministries, Inc., 783 S.E.2d 35 (N.C. Ct. App. 2016), the Court of Appeals of North Carolina addressed whether the economic loss rule barred the negligence claim of White Plains Church Ministries, Inc. (White Plains) against Charles… Continue reading Economic Loss Doctrine Bars Negligence Claim Against Building Company Owner, Individually
Lawmakers Seek to Reduce Cost of Property Insurance in NC
S. Vagus | Live Insurance News | March 13, 2015 Lawmakers in North Carolina are looking to reduce property insurance rates by changing the state’s initiative to cover catastrophic losses caused by natural disasters. A new legislation has been introduce that would establish a public bonding authority, which will be part of the North Carolina… Continue reading Lawmakers Seek to Reduce Cost of Property Insurance in NC