The Second Department, Appellate Division, for the Supreme Court of New York, recently held in a matter of first impression, that an insurance company with a duty to defend may not recover defense costs after a determination…
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/ Civil Procedure, Commercial Law & Contracts, Insurance, Personal Injury
The legal media have been inundated with articles by lawyers who represent policyholders and insurance companies discussing business interruption claims arising from the COVID-19 pandemic. Some of this discussion has carried…
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/ Commercial Law & Contracts, Health, Insurance
One practice that has plagued the insurance industry in recent years has been contractors soliciting homeowners to make insurance claims after a hailstorm, for example, and then obtaining an assignment of rights to the claim and…
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/ Commercial Law & Contracts, Construction Law, Insurance, Real Estate - Commercial, Real Estate - Residential
Although we cover a wide variety of topics and issues on this blog, one issue that recurs with some frequency is the appropriate application of suit limitation provisions that are found in most property policies…
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/ Civil Procedure, Commercial Law & Contracts, Insurance
A new law represents a major step forward to remedy Florida’s assignment of benefits (“AOB”) crisis, which Florida Governor Ron DeSantis has described as a “racket” in recent years…
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/ Commercial Law & Contracts, Elections & Politics, Insurance
The United States District Court for the Southern District of New York recently granted an insurer’s motion for summary judgment in a case arising from Superstorm Sandy based on unambiguous policy language providing a…
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/ Civil Procedure, Commercial Law & Contracts, Insurance
In a recent decision arising out of Superstorm Sandy, the United States District Court for the District of New Jersey confirmed the enforceability of anti-concurrent causation provisions. Zero Barnegat Bay, LLC v. Lexington…
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/ Civil Procedure, Commercial Law & Contracts, Insurance
While issues of fact can preclude summary judgment in some cases involving failure to cooperate and misrepresentation, a New York federal court recently granted summary judgment to an insurer in this context…
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/ Civil Procedure, Commercial Law & Contracts, Insurance
The United States District Court, District of New Jersey recently issued a decision that is helpful in defining the scope of business interruption coverage with respect to “period of restoration” and extended business income…
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/ Civil Procedure, Commercial Law & Contracts, Insurance
A New York trial court recently granted an insurer’s motion for summary judgment pursuant to the “Residence Premises Condition” contained in a homeowner’s insurance policy. Aschmoneit v. Adirondack Insurance Exchange, 2018 N.Y…
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/ Civil Procedure, Commercial Law & Contracts, Insurance, Real Estate - Residential
Under New Jersey law, an insurer cannot be held liable for bad faith in denying an insurance claim if the claim is “fairly debatable.”…
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/ Commercial Law & Contracts, Insurance
Property insurance policies typically require that the insured repair or replace damaged property before recovering on a replacement cost value (RCV) basis…
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/ Civil Procedure, Commercial Law & Contracts, Insurance
Notice provisions in property insurance policies typically require the insured to promptly provide notice of a loss to the insurer. Despite the plain language requiring prompt notice, some jurisdictions require that an insured’s…
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/ Commercial Law & Contracts, Insurance
In Interactive Communities Int’l v. Great Am. Ins. Co., 2018 U.S. App. LEXIS 12410 (11th Cir. May 10, 2018), the insured sold “chits,” which have a specific monetary value and can be redeemed by loading their monetary value to a…
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/ Commercial Law & Contracts, Insurance
Vacancy exclusions are commonplace in many homeowner policies, and typically exclude coverage for certain types of losses if the home is vacant and/or unoccupied. Litigation involving vacancy exclusions can arise when terms in…
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/ Commercial Law & Contracts, Insurance