The Illinois Supreme Court handed down a big win for policyholders just in time for the holidays. In Acuity v. M/I Homes of Chicago, LLC, the court joined the mainstream of jurisdictions and reversed years-old precedent that...more
12/22/2023
/ Commercial Insurance Policies ,
Construction Defects ,
Construction Project ,
Declaratory Judgments ,
Homeowners Association (HOA) ,
IL Supreme Court ,
Illinois ,
Jurisdiction ,
Liability Insurance ,
Property Damage ,
Scope of Work ,
Subcontractors
A key component of a company’s risk management function is to keep a close eye on new and developing sources of liability and to put in place appropriate insurance to respond in the event those liabilities ripen. In recent...more