Mason Medeiros | Faegre Drinker Biddle & Reath At a Glance When a policyholder is at fault, their insurer is often faced with multiple claims. These claims add up quickly and can easily surpass policy limits. With clear fault and insufficient policy limits, what is an insurer to do? While insurers are required to act… Continue reading Property & Casualty Insurers: Multiple Claims Beyond Settlement Limits
Tag: Multiple Claims Provision
“Multiple Claims” Provisions on Contractor’s Professional Liability Policy Creates a Trap for Policyholders
Michael V. Pepe | SDV Insights In Berkley Assurance Company v. Hunt Construction Group, Inc., 465 F.Supp.3d 370 (S.D.N.Y., 2020), professional liability insurer Berkley sued its insured, Hunt, a construction management firm, seeking a declaration that it did not owe Hunt a duty to defend and indemnify against breach of contract claims. The United States District… Continue reading “Multiple Claims” Provisions on Contractor’s Professional Liability Policy Creates a Trap for Policyholders