Jim Saunders – March 28, 2013 Amid a renewed lobbying fight between business groups and trial lawyers, a House panel Wednesday narrowly approved a bill that could help shield insurers from big-money lawsuits in disputes about settling claims. The House Civil Justice Subcommittee voted 7-6 to approve a measure (HB 813) aimed at reining in… Continue reading Trial Lawyers vs. Business Groups: ‘Bad Faith’ Changes Take First Step
Working Without a Safety Net: can Subcontractors and Suppliers still Sue an Owner for Quantum Meruit and Unjust Enrichment in Virginia
Subcontractors and suppliers provide labor, equipment or materials on construction projects without direct contractual relationships with the project owner, the ultimate beneficiary of that work, equipment and materials. In the event of payment disputes, those subcontractors and suppliers will often look directly to the project owner, as the ultimate beneficiary, for payment. Payment may be… Continue reading Working Without a Safety Net: can Subcontractors and Suppliers still Sue an Owner for Quantum Meruit and Unjust Enrichment in Virginia
The Emperor’s New Economic Loss Rule
Peter C. Vilmos – March 28, 2013 For years, litigating breach of contract cases in Florida meant having to struggle with the array of cases dealing with the Economic Loss Rule. In its simplest form, the Economic Loss Rule is a judicially created principle that prohibits tort damages in a breach of contract action where… Continue reading The Emperor’s New Economic Loss Rule
Construction Group Expands at The Hartford
Advise & Consult, Inc. – April 2, 2013 The Hartford is focusing on midsize and large construction companies, and as such is adjusting its Construction Group. Expansion of its Construction Group capabilities brings underwriting, claims management and loss control facilities together as well as adding construction underwriters in key markets across the United States. Leading… Continue reading Construction Group Expands at The Hartford
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Amy O’Connor – March 13, 2013 Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements, one for homeowners and another for commercial roofs, that are becoming available. The two organizations that standardize forms and policies for property/casualty insurers, the American Association… Continue reading Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?