Hannah Albion, Richard Morehouse and Jon Pinney | Kohrman Jackson & Krantz Unexpected inflation and increasing replacement costs could combine to present an unpleasant surprise to your expectations for property insurance coverage in a time of need. Many tend to think of real estate properties as stable fixed assets, well-positioned against many risks. However, for improved properties… Continue reading Insurance Limits, Inflation, and Skyrocketing Replacement Costs
Month: November 2022
Seventh Circuit Takes Broad View Of Relatedness Under D&O ‘Claims Made’ Policies
Kian Hudson, Kevin B. Dreher and Kathryn Lee Wilhoit | Barnes & Thornburg Highlights Federal appeals court holds a complaint that originally has one declaratory-relief claim against one company and is amended to add damages claims against additional companies and directors constitutes a single claim for the purposes of a “claims made” D&O policy The… Continue reading Seventh Circuit Takes Broad View Of Relatedness Under D&O ‘Claims Made’ Policies
Washington Supreme Court Finds One-Year Limitation Period In Construction Contract Unconscionable
Jennifer McMillan Beyerlein and Jonathan Schirmer | Lane Powell Last week, the Washington Supreme Court issued a decision finding that a contractual one-year limitation period buried in a residential construction contract was unconscionable and void. The case, Tadych v. Noble Ridge Construction, Inc., 2022 WL 15027140, provides important lessons for residential contractors and developers. The Tadychs entered into… Continue reading Washington Supreme Court Finds One-Year Limitation Period In Construction Contract Unconscionable
Insurer Litigation Guidelines: The Unholy Grail of Defense Cost Coverage
Lynda A. Bennett and Eric Jesse | Lowenstein Sandler READ THE TRANSCRIPT Lynda Bennett: Welcome back to Don’t Take No For An Answer. I’m your host, Lynda Bennett, chair of the Insurance Recovery Practice at Lowenstein Sandler. And it’s old home week. I’ve invited my partner, Eric Jesse, back today. Welcome back, Eric. Eric Jesse: Thank you… Continue reading Insurer Litigation Guidelines: The Unholy Grail of Defense Cost Coverage
Actual Cost Value Includes Depreciation of Repair Labor Costs
Tred R. Eyerly | Insurance Law Hawaii The court granted the insurer’s motion to dismiss after determining that benefits paid for actual cost value (ACV) did not include repair or replacement labor costs. Shahan v. Allstate Vehicle & Prop. Ins. Co., 2022 U.S. Dist. LEXIS 135488 (W.D. La. July 29, 2022). Hurricane… Continue reading Actual Cost Value Includes Depreciation of Repair Labor Costs