Joshua Tumen | Property Insurance Law Observer In Zurich American Insurance Company v. Medical Properties Trust, Inc., 2024 WL 3504060 (Mass. Jul. 23, 2024), the Supreme Judicial Court of Massachusetts held that the term “surface waters,” as used in a limitation contained in commercial property insurance policies, was ambiguous in the context of rainwater accumulating on… Continue reading Court Addresses Whether Rainwater Accumulation on Roof Constituted “Surface Water”
Tag: Commercial Property Liability Insurance Policy
CGL, Builders Risk Coverage and Exclusions When Construction Defects Cause Property Damage
Jeffrey Cavignac | Construction Executive Direct damage to property under construction caused by faulty or defective work or defective materials has been a coverage issue for decades. Two specific policies, the Commercial General Liability for the contractors building the structure and the Builders Risk Policy on the project both are sources of potential coverage. A… Continue reading CGL, Builders Risk Coverage and Exclusions When Construction Defects Cause Property Damage
Does a CGL Policy’s “Business Description” or “Class Code” Limit Coverage?
Farrell Miller | Cozen O’Connor One way a CGL insurer can narrow otherwise broad bodily injury and property damage coverage is by activity. Activities that face similar risk can be grouped using an activity classification code, which can be incorporated into the policy through a class limitation endorsement. For instance, a policy issued to an… Continue reading Does a CGL Policy’s “Business Description” or “Class Code” Limit Coverage?
Liability Insurance Coverage: Basic Principles
Peter Selvin | Ervin Cohen & Jessup There are certain core principles that must be applied in analyzing coverage under a liability insurance policy. This two-part article sets out those principles. It also explores some counter-intuitive situations in which such coverage may come into play. Insurance Liability Hidden opportunities to obtain coverage in liability cases… Continue reading Liability Insurance Coverage: Basic Principles
Commercial Property Insurance Coverage and Coronavirus
Shannon O’Malley | Zelle No modern disease has dominated the news and affected the world-wide economy on such a scale as coronavirus (COVID-19). Coronavirus’s impact is widespread across almost all business sectors. Governments are shutting down whole regions and cities to quarantine and contain the outbreak. Workers are being urged to stay home for weeks,… Continue reading Commercial Property Insurance Coverage and Coronavirus