When Contractors Have CGL Policies, But No Coverage
You
insure a homebuilder. Several years after selling a home, it burns
down due to faulty installation of some electrical wiring and your
insured is sued. Does he have any coverage under the CGL policy
and, if so, under which one? Answer to both questions: It
depends.
"Once a product, always a product? We insure a
manufactured home dealership that sells homes and, on occasion,
will do light repair work on the homes they sold as well as on
homes other dealerships sold. My question is - would damage to a
home they sold always be denied as damage...
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On November 11, 2010, Letters of Intent were signed by parties
involved in the outstanding arbitration between Royal Palm
Insurance Company and Security First Managers. The transactions
contemplated by these Letters will resolve all of the outstanding
legal matters between the parties and result in the sale of 100% of
the Royal Palm Insurance Company to an affiliate of
Tower...
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Inexperience and immaturity make it much more likely that a teenage
driver will have an accident than an adult driver. A driver in the
age group of 16-19 is FOUR times more likely to have an accident
than an older adult and TWICE as likely to die in an auto accident
(in some states, a 16-year-old is TWENTY times more likely to have
an accident than an older adult). A 16-year-old...
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It is estimated that between one-third and one-half of all
businesses have no business interruption insurance. Almost half of
businesses that experience a serious loss never reopen...over
one-fourth of those that do, close within 3 years. A major reason
that many businesses don’t survive a serious loss is the lack of
business interruption insurance or inadequate limits of
that...
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Reducing Your Insurance Costs…Distinguishing Bad Advice from Good
Advice
Many
Americans are struggling financially in the current economy,
particularly those struck by lay-offs, and are faced with tough
decisions about how to reduce expenses. As a result, much has been
written in recent...
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