The United States Court of Appeals, Tenth Circuit recently issued a favorable decision for policyholders finding property damage arising from a subcontractor’s faulty work arose from an accidental “occurrence” under New York...more
Yesterday, the Supreme Court of New Jersey unanimously affirmed the Appellate Division’s holding that consequential damages caused by a subcontractor’s faulty workmanship constitute “property damage” and an “occurrence” under...more
The Superior Court of New Jersey, Appellate Division, has issued a very important decision for real estate developers and general contractors whose insurance companies have reserved rights or denied coverage for damage caused...more
7/14/2015
/ Commercial General Liability Policies ,
Construction Industry ,
Faulty Workmanship ,
Fireman's Fund Insurance ,
General Contractors ,
Insurance Industry ,
ISOs ,
Liability Insurance ,
Property Damage ,
Real Estate Development ,
Real Estate Market ,
Subcontractors
Introduction -
Construction contractors and subcontractors, as well as commercial policyholders generally, will wish to take note of a recent Supreme Court of Minnesota decision that lends insight into the scope of...more