A recent Mississippi case reminds commercial and residential policyholders alike of the importance of updating insurance coverage when circumstances change to avoid a coverage dispute or the loss of coverage altogether....more
Notwithstanding insurers’ transparent attempts to convince you otherwise, policyholders may very well have coverage for business interruption losses from COVID-19 under their property policies. Since the start of the...more
As COVID-19 leads to event cancellations worldwide, the insurance market is scrambling to minimize its financial exposure to event cancellation claims. Although we have seen event policies with COVID-19 exclusions and others...more
A recent decision involving insurance coverage for a rideshare driver explains the temporal aspect of rideshare policies, which insure drivers during certain phases of the rideshare process. Here a driver sought uninsured...more
Distributed Ledger Technology, commonly referred to as “blockchain,” is a secure way for companies and individuals to share information without third-party oversight. Blockchain decentralizes electronic record-keeping so...more
An 11th Circuit decision issued earlier this year serves as a reminder of the importance of carefully evaluating time-based exclusions and retroactive dates when procuring or renewing coverage. Liability policies such as...more
9/22/2017
/ Claims Made Policy ,
D&O Insurance ,
Denial of Insurance Coverage ,
Fraudulent Transfers ,
Insolvency ,
Insurance Claims ,
Policy Exclusions ,
Policy Terms ,
Premiums ,
Prior Bad Acts ,
Professional Liability Insurance ,
Renewal Options ,
Retroactivity ,
Wrongful Acts
As every policyholder should know, purportedly “late” notice under claims-made insurance policies can eradicate coverage – even if the policyholder purchases successive policies from the same insurer. Alaska Interstate...more
Even as Hurricane Harvey’s effects continue to unfold, Texas policyholders face another imminent threat. On September 1, 2017, a new Texas law becomes effective that dramatically limits insurance recoveries for Texan...more
8/30/2017
/ Corporate Counsel ,
Denial of Insurance Coverage ,
Hurricane Harvey ,
Hurricane Season ,
Insurance Claims ,
Insurance Industry ,
Natural Disasters ,
New Legislation ,
Popular ,
Property Damage ,
Property Insurance ,
Severe Weather
Recent court decisions across a variety of industries highlight the importance of submitting complete and accurate insurance applications and renewals. When submitting an application for insurance, the applicant should...more
2/8/2017
/ Applications ,
Breach of Contract ,
Commercial Insurance Policies ,
Corporate Counsel ,
Defense Strategies ,
Denial of Insurance Coverage ,
Failure To Disclose ,
Failure to Report ,
Insurance Claims ,
Insurance Litigation ,
Material Misrepresentation ,
Rescission ,
Risk Mitigation ,
Standard of Review