Daniel G. Enriquez | PropertyCasualtyFocus | June 29, 2015 Many property insurance policies contain terms that prohibit assignment, but Florida law has long deemed those terms inoperative once a loss has occurred. E.g., W. Fla. Grocery Co. v. Teutonia Fire Ins. Co., 74 Fla. 220 (Fla. 1917). As a result, contractors who repair or remediate… Continue reading Florida Appellate Court Rejects Bid to Curb Insureds’ Assignments to Contractors
Tag: property damage
CGL Policy Did Not Afford Coverage For An Underlying Construction Defect Action Because The Alleged Property Damage Was Discovered After The Policy Period And The Total Residential Construction Exclusion Was Implicated
Troutman Sanders | June 5, 2015 Atain Specialty Ins. Co. v. North Bay Waterproofing, 2015 U.S. Dist. LEXIS 11404 (N.D. Cal. Jan. 30, 2015) In Atain Speciality, the Northern District of California entered a default judgment in favor of the insurer because the damages alleged in an underlying construction defect action were not discovered until… Continue reading CGL Policy Did Not Afford Coverage For An Underlying Construction Defect Action Because The Alleged Property Damage Was Discovered After The Policy Period And The Total Residential Construction Exclusion Was Implicated
Under Flood Policy, Land is Not Considered Insured Property
Robert Trautmann | Property Insurance Coverage Law Blog | May 13, 2015 Floods do all sorts of damage. One aspect of damage often overlooked is when the flood removes property from one property owner’s land and deposits it on another’s land. Depending on where your property is located and the severity of the flood event, the… Continue reading Under Flood Policy, Land is Not Considered Insured Property
Settlements for Rejected Superstorm Sandy Insurance Claims Hit Roadblock
Caitlin Bronson | Insurance Business America | April 16, 2015 Legal action taken against several insurance companies in the wake of Superstorm Sandy stalled this week after government officials declined to pay the plaintiffs’ legal fees, citing federal law. According to a Newsday report, attorneys for the Department of Homeland Security – which oversees FEMA… Continue reading Settlements for Rejected Superstorm Sandy Insurance Claims Hit Roadblock
Texas Lawmakers Considering Bill to Reduce Lawsuits Against Property/Casualty Insurers
Thomas Harman | Best’s News Service | April 13, 2015 A Texas Senate panel is considering legislation supporters hope will reduce the number of lawsuits filed against property/casualty insurers in the state. Senate Bill 1628 is currently before the Senate Committee on Business and Commerce. If passed and signed into law, it would take effect… Continue reading Texas Lawmakers Considering Bill to Reduce Lawsuits Against Property/Casualty Insurers