Remove Business Interruption Remove Damage Remove Property Insurance
article thumbnail

Court Says Loose Bolt Remedied by Tightening Does not Constitute “Direct Physical Loss of or Damage” to Property

The Property Insurance Law Observer

American Guarantee and Liability Insurance Company , the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under an all-risk property insurance policy. [1]

Damage 130
article thumbnail

LMI Claims Conference

Prof. Allan Manning

A wide range of topics were covered from an update on recent court cases involving general insurance claim decisions, a detailed analysis of the Reasonable Care Condition found in many policies by LMI Legal, lessons learned from business interruption losses by LMI Forensics, issues around storm damage to solar panels by LMI Claims, a detailed run through (..)

Claim 214
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Helene-Caused IV Fluid Shortage to Affect Surgeries for Weeks

Insurance Journal

Surgery schedules around the country may be washed out for several more weeks while a crucial IV and sterile fluids factory remains shut down for hurricane-related damage. People often plan non-emergency surgeries in the fall and early-winter months when their …

Damage 263
article thumbnail

Reflections on the Erie COVID-19 MDL: A Bittersweet Journey Through Unprecedented Insurance Coverage Territory

Property Insurance Coverage Law

The recent voluntary dismissal of the Erie COVID-19 Business Interruption Protection Insurance Litigation marks the end of a significant chapter in insurance coverage law.1

article thumbnail

Navigating Commercial Property Insurance: A Guide for New Investors in California

Jackson & Jackson

One of the most crucial aspects to consider is commercial property insurance. This guide aims to help new investors understand the basics of commercial property insurance in California, ensuring that their investments are protected against unforeseen events. This is crucial if someone is injured on your property.

article thumbnail

Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. This article aims to provide an in-depth overview of ensuring multi-unit commercial properties in California, highlighting key considerations for investors.

article thumbnail

Protect Your Business: 5 Essential Insurance Policies You Might Be Overlooking

Protect Commercial Insurance

In this article, we will explore five often overlooked insurance policies that can provide valuable coverage for your business. General Liability Insurance General liability insurance is a fundamental policy that covers your business against claims of bodily injury, property damage, and personal injury.