Clifford J. Shapiro – April 1, 2014 Last September, the Alabama Supreme Court issued a decision that denied insurance coverage to a homebuilder on the ground that there can be no “occurrence” where construction defect claims do not allege property damage to something other than the home the policyholder built. Owners Insurance Co. v. Jim Carr… Continue reading Alabama Supreme Court Withdraws and Re-Issues Decision to Find “Occurrence” for Construction Defect Claim
Month: April 2014
Know When to Provide Notice Under Your Construction Contract
Craig Martin – April 1, 2014 Time and time again, courts rule that contractors must follow notice requirements in order to submit a claim for additional time or compensation. This blog looks at yet another example of a contractor that failed to follow the notice requirements and lost its demand for additional pay. This case,… Continue reading Know When to Provide Notice Under Your Construction Contract
Was Superstorm Sandy a “Named Storm?”
Ashley Smith – March 26, 2014 Property insurance policies commonly contain a “Named Storm” deductible, which provides for a substantially higher deductible than other causes of loss. For example, the policy in AFP 104 Corp. v. Columbia Casualty Company1 contained a base deductible of $10,000 and a Named Storm deductible of $1 million per occurrence.… Continue reading Was Superstorm Sandy a “Named Storm?”
Xactware Offers New Project Management Integration for Contractors
MarketWatch – March 26, 2014 Xactware recently announced plans for integration between its claims-handling suite of solutions and various project management tools to help contractors improve efficiency and effectiveness. Xactware, a member of the Verisk Insurance Solutions group at Verisk Analytics, provides cloud-based claims-handling tools and data on mobile, online, and desktop platforms for professionals… Continue reading Xactware Offers New Project Management Integration for Contractors
When Does a “Date of Loss” Actually Manifest in California?
Denise Sze- April 1, 2014 Statues of Limitations are extremely important to policyholders and their attorneys. After all, when a statute runs, your rights to file a lawsuit in hopes of recovery disappears. However, the age old question of when is an actual “date of loss” or “manifestation” in property insurance law is still debated,… Continue reading When Does a “Date of Loss” Actually Manifest in California?