Schwartz, Conroy & Hack There are various types of insurance policies to help businesses manage their risks. Some business insurance policies are “occurrence” policies while others are “claims-made” policies. Since the type of policy you have will impact your coverage, it’s important to understand the difference. Occurrence Policies An occurrence-based policy covers claims that result… Continue reading Occurrence Vs. Claims-Made Policies: What’s The Difference?
Month: November 2023
Building in 2024: Recent Oregon Legislative Changes Impacting the Construction Industry
Antonija Krizanac | Davis Wright Tremaine As 2023 comes to a close, it is the perfect time to look back and review recent Oregon legislative changes that will impact the construction industry in the coming year. The 82nd Session of the Oregon Legislature adjourned on June 25th, the designated constitutional date for sine die. The… Continue reading Building in 2024: Recent Oregon Legislative Changes Impacting the Construction Industry
Continuous-Trigger theory, Construction Defects Coverage Update
Joshua LaBar | Plunkett Cooney The West Virginia Supreme Court of Appeals answered the following certified question from the U.S. Court of Appeals for the Fourth Circuit: “At what point in time does bodily injury occur to trigger insurance coverage for claims stemming from chemical exposure or other analogous harm that contributed to the development… Continue reading Continuous-Trigger theory, Construction Defects Coverage Update
The Contractor’s Contingency: What Contractors and Construction Managers Need to Know and Be Wary Of
Skyler Santomartino | ConsensusDocs Contractors and construction managers who enter into cost reimbursable contracts subject to a guaranteed maximum price (GMP) are responsible for all project costs exceeding the GMP. For this reason, it is imperative that contractors negotiate and incorporate into the GMP a financial buffer that accounts for the unanticipated project costs that… Continue reading The Contractor’s Contingency: What Contractors and Construction Managers Need to Know and Be Wary Of
Appraisal Request Found Inappropriate When Causation at Issue
Tred R. Eyerly | Insurance Law Hawaii The court denied a motion to compel an appraisal upon determining the cause of the loss was still at issue. QBE Sec. Ins. Co., et al. v. The Enclave at Oak Hill Owners Association, 2023 U.S. Dist. LEXIS 107040 (S.D. Ala. June 21, 2023). … Continue reading Appraisal Request Found Inappropriate When Causation at Issue