Victor Jacobellis | Property Insurance Coverage Law Blog | May 24, 2019 The California Fair Claims Settlement Practices Act outlines specific insurer conduct prohibited and considered unfair to insureds. Identifying prohibited insurer conduct and effectively communicating to a carrier it committed prohibited acts will lead to better claim results. This a better practice than just merely accusing… Continue reading What Insurer Conduct Is Prohibited and Considered Unfair Under California Law? A Quick Guide to Holding an Insurer Accountable
Category: Insurance
Tennessee Supreme Court Holds That Replacement Cost Less Depreciation Does Not Allow for Depreciation of Labor When Calculating Actual Cash Value of a Property Loss
Heidi Hudson Raschke | Property Casualty Focus | May 2, 2019 Insurance policies are designed to indemnify an insured by putting the policyholder in the same position he or she would have been in had no loss occurred. In the context of property insurance policies, damaged property is typically valued based on its estimated actual… Continue reading Tennessee Supreme Court Holds That Replacement Cost Less Depreciation Does Not Allow for Depreciation of Labor When Calculating Actual Cash Value of a Property Loss
Shifting Liability: A Lesson for General Contractors
Jeanette Luna | Goldberg Segalla | May 13, 2019 Imagine this, you, a general contractor based in New Jersey, just secured a project from one of the biggest retailers to do some work at its warehouse in New York. Given the magnitude of the project, part of the work is subcontracted to another New Jersey… Continue reading Shifting Liability: A Lesson for General Contractors
Legal Action Against Us Clause
Michael Ponzo | Property Insurance Coverage Law Blog | May 20, 2019 While the time frame to file a legal action is generally defined under the Statute of Limitations, in some states an insurance policy can contractually establish a shorter period to file a legal action. In a recent California case, Keller v. Federal Insurance Company,1 the Ninth Circuit… Continue reading Legal Action Against Us Clause
Statutory Interest Series: Michigan
Beaujeaux de Lapouyade | Property Insurance Coverage Law Blog | May 16, 2019 Prompt-pay laws are important to a policyholder’s rights to recover insurance benefits following a wrongful denial or delay in payment of a property damage claim. Prompt-pay laws vary from state to state. The implementation of statutory prompt-pay laws is critical to a… Continue reading Statutory Interest Series: Michigan