Beaujeaux de Lapouyade | Property Insurance Coverage Law Blog | May 16, 2019 Prompt-pay laws are important to a policyholder’s rights to recover insurance benefits following a wrongful denial or delay in payment of a property damage claim. Prompt-pay laws vary from state to state. The implementation of statutory prompt-pay laws is critical to a… Continue reading Statutory Interest Series: Michigan
Tag: Property Damage Claim
Eleventh Circuit Rules That Insurer Must Defend Contractor Despite “Your Work” Exclusion, Where Damage Timing Unclear
Michael S. Levine | Hunton Andrews Kurth | April 16, 2019 The Eleventh Circuit has reversed an insurer’s award of summary judgment after finding that uncertainty about when the alleged property damage occurred raised questions about whether the damage came within the scope of the “Your Work” exclusion. More specifically, the court found unclear whether the damage… Continue reading Eleventh Circuit Rules That Insurer Must Defend Contractor Despite “Your Work” Exclusion, Where Damage Timing Unclear
Applying Depreciation in California – Understanding the Guidelines
Victor Jacobeills | Property Insurance Coverage Law Blog | March 26, 2019 The California Insurance Code mandates if a property insurance policy requires actual cash value payment, the payment must be based on the property’s depreciation for two types of claims: (1) a partial loss to a structure, i.e., a home or building and (2) damaged… Continue reading Applying Depreciation in California – Understanding the Guidelines
You Are Indemnified…. Until You Are Not
William F. Bresee | Leech Tishman Fuscaldo & Lampl LLC | February 11, 2019 In the ordinary course of a construction project (or any commercial transactional arrangement, for that matter), something can go wrong. People can get injured; property can be damaged. For that reason, one of the significant risk allocation tools available to business… Continue reading You Are Indemnified…. Until You Are Not
Consequences of a Well-Pled Complaint
Deborah Trotter | Property Insurance Coverage Law Blog | February 1, 2019 The New York Supreme Court, Appellate Division, First Department “unanimously reversed, on the law, with costs, the motion denied and the claims reinstated,” the New York County Supreme Court trial judge’s order dated April 2, 2018, to the extent appealed from, which granted… Continue reading Consequences of a Well-Pled Complaint