The Appellate Court of Connecticut, the state’s intermediate court of appeals, has held that a lawyers professional liability policy excluded coverage for claims against a lawyer in his capacity as the owner of a mortgage brokerage for alleged breaches of duty in arranging and closing loans and real estate purchases. Lancia v. State Nat’l Ins.… Continue reading Exclusion Bars Coverage for Claims Against Lawyer Acting as a Mortgage Broker
Category: Insurance Claims
FINALLY, a CD Coverage Case in New York!!
Aquatectonics, Inc. d/b/a Loebs & Gordon PoolCraft v. The Hartford Casualty Insurance Company Well, the attack on insureds via the restrictive definition of “occurrence” (a true double edged sword for carriers), continues to march forward this time right into the Empire State, a jurisdiction not known for a plethora of CD cases nor coverage opinions… Continue reading FINALLY, a CD Coverage Case in New York!!
Construction Defect Claims Revisited
Lawrence C. Beemer – January 3, 2012 Myth #4: There is little an adjuster can do in the area of litigation management to affect the outcome of a construction defect file. This concept generally comes from cases being handled in the western states where most cases are handled under a case management order (CMO). Many… Continue reading Construction Defect Claims Revisited
Contractor Basics: Claims Recognition and Documentation
Given current economic conditions, most contractors are not in a position to simply walk away from legitimate claims for additional compensation with the expectation that the lost dollars will be recovered through the next profitable job down the road. Despite the fact that some contractors have historically been averse to making claims, limited project opportunities,… Continue reading Contractor Basics: Claims Recognition and Documentation
Greystone Construction v. National Fire & Marine Insurance affects construction-defect coverage
November 21, 2011 On November 1, 2011, the Tenth Circuit Court of Appeals issued a ruling that will significantly impact construction-defect insurance coverage. In Greystone Construction, Inc. v. National Fire & Marine Insurance Co., the court addressed the definition of the term “accident,” as it relates to the meaning of the term “occurrence” in Commercial General… Continue reading Greystone Construction v. National Fire & Marine Insurance affects construction-defect coverage