Robert K. Cox – March 25, 2013 Commentators like to discuss the possibility of a uniform, national mechanic’s lien law; some in favor, some not. Until there is a uniform mechanic’s lien law, and in our opinion there is no current groundswell for one, those of you in the construction industry must know the unique… Continue reading Virginia’s Mechanic’s Lien and the Supreme Court’s Latest Ruling
Errors in Design of Building Exterior not Related
March 26, 2013 The United States District Court for the Southern District of New York, applying New York law, held that the term “related” in a professional liability insurance policy was unambiguous and held that the insured’s alleged wrongful acts were “related” if there was a factual tie or linkage between the wrongful acts. Dormitory… Continue reading Errors in Design of Building Exterior not Related
Termination for Convenience Clauses in the Private Arena: Traps every Construction Practitioner Should Know
Tracy Thompson Vann – March 14, 2013 If you do a thesaurus search of the word “termination,” you’ll find: “extinction, annihilation, execution, slaughter, and massacre.” “Termination,” Roget’s II: The New Thesaurus, 3rd ed., Boston: Houghton Mifflin, 1995, Online Ed. (October 27, 2011). It is no wonder then, that when a contractor it told he is… Continue reading Termination for Convenience Clauses in the Private Arena: Traps every Construction Practitioner Should Know
Who Decides Whether A Claim Involves A Total Loss
Kenneth Kan – April 2, 2013 Question: Who decides whether a claim involves a total loss? A. The policyholder B. The insurance company C. An appraisal panel D. The court E. None of the above If you answered “D,” you are correct. Recently, the Supreme Court of Minnesota addressed this very question. In the case… Continue reading Who Decides Whether A Claim Involves A Total Loss
Property Insurance Increases Likely for Coastal Residents
Wayne Faulkner – March 31, 2013 Many coastal-area homeowners hit by waves of property insurance increases in recent years should get ready for another pounding. A new federal law is threatening huge hikes in flood insurance premiums for certain homes and businesses when it kicks in this year and next. The law, called the Biggert-Waters… Continue reading Property Insurance Increases Likely for Coastal Residents