Amy Rees, Gary J. Mennitt and Ryan M. Moore | Dechert An extract from The Global Damages Review, 4th Edition Quantification of financial loss i Introduction In the United States, the general goal of compensatory damages is ‘to restore the injured party, to the extent possible, to the position that would have been occupied had… Continue reading Spotlight: Quantifying Damages Claims in USA
Month: May 2022
The Requirement to Post Collateral Under General Agreement of Indemnity is Real
David Adelstein | Florida Construction Legal Updates In prior postings, I have discussed the all-powerful General Agreement of Indemnity (click here and here). This is the document a bond-principal executes to obtain bonds (e.g., performance and payment bonds). Not only does the bond-principal execute this General Agreement of Indemnity, but typically, so do other indemnitors such as the company’s principals… Continue reading The Requirement to Post Collateral Under General Agreement of Indemnity is Real
Are Modern Buildings Silently Killing Us?
Michael Rubino | Construction Executive Construction, in general, is a rapidly evolving industry as contractors, architects, and engineers are tasked with keeping up with government regulations, building practices and technological innovations. While growth and evolution are pivotal components of successful projects and businesses, it’s led to a few issues, one of which involves mold. Like… Continue reading Are Modern Buildings Silently Killing Us?
Another Florida Insurer Adds Binding Arbitration Endorsement Amid Losses
William Rabb | Insurance Journal Heritage Property & Casualty Insurance Co. reported more losses for the first quarter of 2022 and a spike in its combined ratio. But company officials said Friday they are taking aggressive steps, including rate increases, policy changes and tightened underwriting requirements, to improve the Florida-domiciled company’s financial profile. The Friday… Continue reading Another Florida Insurer Adds Binding Arbitration Endorsement Amid Losses
A General Introduction to Public-Private Partnerships in USA
Armando Rivera Jacobo and Dolly Mirchandani | White & Case All questions Overview It has been said that the development of the modern form of PPP can be traced back to the power purchase agreements developed in the United States during the 1980s, which provided for a two-component compensation system: a capacity availability payment and… Continue reading A General Introduction to Public-Private Partnerships in USA