The Property Insurance Law Observer
JUNE 13, 2024
Certain Underwriters at Lloyd’s, London, et al. 2024), to preserve diversity jurisdiction, the United States District Court for the Southern District of New York permitted a plaintiff insured to drop non-diverse, dispensable defendant Underwriters at Lloyd’s, London (“Underwriters”) which subscribed to a commercial property insurance policy.
Scott Insurance
FEBRUARY 19, 2025
Rehabs expose developers to heightened risks and, subsequently, higher insurance costs due to the complexities of simultaneously managing the property being rehabbed and the existing structures, e.g. any property not under construction (whether occupied or unoccupied). Consider a scenario where a rehab is underway.
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Distinguished
FEBRUARY 24, 2025
Over-serving of alcohol: Restaurants can face legal and financial fallout if the alleged over-serving of a patron leads to property damage or a car accident. Key coverages we offer include: Property insurance: Protection for buildings, equipment, and inventory against fire, theft, and natural disasters.
The Property Insurance Law Observer
FEBRUARY 14, 2024
Privilege Underwriters Reciprocal Exchange (2024 WL 322297 (Tex. The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. In Mankoff v. Dallas Jan. 29, 2024)), the Court determined that the term “windstorm” was ambiguous as utilized in the subject insurance policy.
Paragon Independent Insurance Agencies
MAY 27, 2024
These events may include property damage, liability claims from work-related injuries, break-ins, or business interruption. Protection of Business Property Commercial insurance protects all business property, including buildings on the land, equipment in the yard, inventory, and other assets owned by the company.
The Property Insurance Law Observer
AUGUST 22, 2024
Underwriters at Lloyd’s, London , 2012 WL 2020168 (D. Accordingly, the Court held the language to be ambiguous and found in the insured’s favor. In doing so, it looked to other jurisdictions where courts analyzed nearly identical policy language and determined them to be ambiguous. Great Am.
Scott Insurance
JANUARY 28, 2022
Environmental / Pollution Environmental/pollution policies are available in the market and can contemplate both the first party (property) and third party (general liability – bodily injury/property damage) mold exposure.
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