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Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

Insurance Journal

A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts Appeals Court has held for the first time that “construction …

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Illinois Legislature Clarifies How Damages are Calculated Under BIPA to Avoid ‘Annihilative Liability’

Insurance Journal

A bill (SB2979) amending Illinois’ Biometric Information and Privacy Act (“BIPA”), passed by both houses of the legislature on May 16 and now on Governor Pritzker’s desk, effectively overturns a recent Illinois Supreme Court ruling that could have had a …

Liability 275
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Pimco Warns LA City Utility Faces Steep Liabilities After Fires

Insurance Journal

The Los Angeles Department of Water and Power is facing the risk of significant financial liability for damages in the utility’s response to the Palisades Fire, according to Pacific Investment Management Co. “Given the sheer size of insured and uninsured …

Liability 189
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What Is Employers Liability Insurance?

Property Insurance Coverage Law

Employer’s liability insurance protects businesses from lawsuits filed by employees who have suffered a work-related injury or illness. appeared first on Property Insurance Coverage Law Blog.

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Jury Hands $5.2B Verdict Against Vegas Company in Bottled Water Liver Damage Suit

Insurance Journal

billion award in the latest large-sum lawsuit against a former Las Vegas-based bottled water company that was found responsible for causing liver damage in customers before it was recalled from store shelves … A jury in Nevada has delivered a $5.2

Damage 273
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Finland Power Grid Operator Asks Court to Seize Oil Tanker Over Cable Damage

Insurance Journal

Finland’s national power grid operator said on Thursday it had asked a Helsinki court to seize the Eagle S oil tanker in a bid to secure the company’s claim for damages related to the breakdown of the undersea Estlink 2 …

Damage 278
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Failure to Produce Proof of Purchase Dooms Insurer’s Product Liability Case

Insurance Journal

In a homeowners insurance subrogation case over water damage … A federal court in Pennsylvania recently affirmed that plaintiffs seeking to hold a seller or distributor liable for a faulty product must provide clear evidence of where they purchased their product.

Liability 246