In construing policies that covered loss “caused by or resulting from water damage” but excluded coverage for loss caused by “dampness of atmosphere” or by “[e]xtremes or changes in temperature,” the United States Court of...more
The United States District Court for the Middle District of Florida recently granted summary judgment for an insurer on a pollution liability policy for lack of timely notice. The court agreed with the insurer that the...more
10/31/2023
/ Bodily Injury ,
Clean-Up Costs ,
Contamination ,
Defense Costs ,
Gas Stations ,
Groundwater ,
Pollution Control ,
Pollution Liability Insurance ,
Property Damage ,
Storage Tanks ,
Summary Judgment ,
Underground Storage Tanks
As homeowners file insurance claims for property damage following Hurricane Ida and with Hurricane Larry threatening the northeast coast, mortgage servicers are facing an influx of insurance proceeds or loss draft funds. To...more
Michigan has joined the majority of jurisdictions in holding that a general liability policy may provide coverage for claims for property damage allegedly caused by the defective work of a subcontractor. In a unanimous...more
In the first part of the series “The Mortgage Servicer’s Role in Navigating Insurance Claims,” we covered assessing property damage and applying insurance proceeds in compliance with the terms of the standard mortgage...more
10/24/2017
/ Anti-Concurrent Causation Clauses ,
Flood Insurance ,
Hurricane Harvey ,
Insurance Claims ,
Loans ,
Mortgage Lenders ,
Mortgage Servicers ,
National Flood Insurance Program ,
Natural Disasters ,
Property Damage ,
Property Insurance
Ohio has joined the majority of jurisdictions in holding that a general liability policy may provide coverage for claims made by a project owner for property damage allegedly caused by the defective work of a subcontractor....more
Spring weather systems, such as the storms that have recently produced significant flooding in Texas, frequently create the necessity for restoration and remediation work. In performing such restoration work, it may be...more
The Supreme Court of Alabama recently held in Owners Ins. Co. v. Jim Carr Homebuilder, LLC that a contractor’s commercial general liability (“CGL”) policy provided coverage for property damage caused by the defective work of...more
8/6/2014
/ Arbitration ,
Arbitration Awards ,
Commercial General Liability Policies ,
Construction Defects ,
Construction Site ,
Contractors ,
General Contractors ,
Occurrence ,
Popular ,
Property Damage ,
Subcontractors