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Economic Damages Insurance Industry

J.S. Held

How to Handle Complex Ports and Terminals Business Interruption Insurance Claims

J.S. Held on

Ports and terminals serve as the primary infrastructure for movement of goods and commodities in and out of a country and therefore play a vital role in global trade. As well as facilitating trade, ports and terminals also...more

Michigan Auto Law

Does my Insurance Cover an Accident Outside of Michigan?

Michigan Auto Law on

If you’re going to be taking a road trip outside of Michigan, it is important to know what your legal rights are in the event that you are involved in an out-of-state auto accident. Can you sue the at-fault driver who...more

JUSTICENTER

Personal Injury Compensation: What Types of Damages Can I Recover and What Is My Case Worth?

JUSTICENTER on

When pursuing personal injury claims in California, there are two main categories of potential compensation: economic damages and non-economic damages. The differences are relatively simple: For economic damages think of “out...more

Farella Braun + Martel LLP

Damages for Permit Revocation Constitute Covered “Loss of Use”

Insurers often claim “economic damages” are not covered under a standard commercial general liability (CGL) policy. The Fourth District Court of Appeal’s decision in Thee Sombrero, Inc. v. Scottsdale Ins. Co., 28 Cal. App....more

Cozen O'Connor

Florida Requires Replacement Cost Payments Include Profit and Overhead Even if No Repairs Have Been Made

Cozen O'Connor on

On July 3, 2013, the Florida Supreme Court held that an insurer making a replacement cost payment to a homeowner who had yet to repair the damaged property could not withhold payment of that component of replacement cost that...more

Holland & Knight LLP

Florida Supreme Court Limits Application of the Economic Loss Rule to Product Liability Cases

Holland & Knight LLP on

Earlier today, the Florida Supreme Court published an important decision in Tiara Condominium Association, Inc., etc. v. Marsh & McLennan Companies, Inc., et al., No. SC10-1022 (March 7, 2013). The case was before the court...more

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