In the midst of the COVID-19 crisis, many businesses hope (and appropriately so) that insurance—whether business interruption, event cancellation, D&O or otherwise—will step in and pay for some of those losses. However, the...more
The Coronavirus has caused many businesses to shut down, either voluntarily or by state and local governments mandates. These closures have resulted in a substantial downturn in business income and revenue. Many companies are...more
In the last two weeks, the Colorado Supreme Court has issued several important decisions for insurance policyholders—Am. Family Mut. Ins. Co. v. Barriga, No. 15SC934, issued May 29, 2018; Rooftop Restoration, Inc. v. Am....more
Colorado law generally prohibits construction defect lawsuits against a construction professional brought “more than six years after the substantial completion of the improvement to the real property.” § 13-80-104, C.R.S....more
9/21/2016
/ Additional Insured ,
Appeals ,
Certificates of Occupancy ,
Construction Defects ,
Construction Industry ,
Construction Project ,
General Contractors ,
Indemnification Clauses ,
Professional Liability ,
Statute of Repose ,
Subcontractors
On February 17, 2015, the Colorado Supreme Court issued Craft v. Phila. Indem. Ins. Co., No. 14sa43, 2015 WL 658785 (Colo. Feb. 17, 2015), in which it held the notice-prejudice rule applicable to occurrence policies does not...more
On October 13, 2014, Lakewood’s City Council passed Ordinance O-2014-21, which reforms the process for handling construction defect claims on condominium projects in the City of Lakewood. The ordinance has three primary...more
The impact of construction defect lawsuits on condominium development in Colorado has been a hot topic recently. Colorado law treats residential construction differently than non-residential construction. This increases the...more
In this Issue:
- Denver’s construction activity approaching historic peak of 2007
- Market Update
- Condominium Construction Defects Legislation Introduced
- Whether for Cause or Convenience,...more
Proposed legislation to reduce the cost of construction defect claims and encourage condominium construction has been introduced in the Colorado legislature. The long-awaited bill, Senate Bill 14-220, sponsored by Sen. Jessie...more
The answer depends on whom you ask, of course - and, as Hilary Rowen, partner at law firm Sedgwick LLP, noted: it can also differ by insurance industry sector. Here’s what we heard back....more
Hydraulic Fracturing, or "fracking", has been used as an extraction tool for natural gas and oil for several decades. Relatively recent developments in horizontal fracking technology have opened major new shale plays...more
The recent wildfires raging through Colorado have once again proven tragic for our state. The 2013 wildfire season has already led to loss of life, property and, in many cases, revenue. For many, insurance will provide the...more
Over the past few years, we have monitored the efforts of some in the insurance industry to deny coverage for construction defect claims brought by construction professionals. These insurers' assault on construction...more