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 Certain Underwrites of Lloyd’s London issued a builder’s risk policy to Historic Round Hill Summit covering two buildings, Rogers Hall and Hubbard Hall, that Historic had purchased to renovate.  PeoplesBank, which held an mortgage on the property, was an additional insured under a mortgage holder endorsement.  A fire destroyed Rogers Hall and caused extensive damage to Hubbard Hall.  Lloyd’s asserted that…

With catastrophic weather events on the rise, we field a lot of calls in the aftermath of a natural disaster. For smaller businesses and individuals, it can be challenging to manage the cost of engaging coverage counsel to assist with the insurance claim when limited resources may already be stretched thin due to storm-related damages that are not insured. Other…

Active versus passive management of financial products is an often-debated topic in the investment world. However, it is rarely discussed when it comes to life insurance, despite the fact that policies are intended to be held throughout an insured’s entire lifetime. To ensure an existing life insurance policy or portfolio meets a client’s original long-term objectives, policyholders must annually review…

Surprised insurers are unhappy insurers. And unhappy insurers are more likely to resist paying claims. As are insurers who fail to heed their good faith and other obligations to their policyholders.
So if you seek coverage for a loss arising from circumstances that your insurer complains—rightly or wrongly—it didn’t anticipate, expect your insurer to scour your policy application looking for…

In a win for policyholders, a federal court in Washington recently held that an insurer had a duty to defend a technology company against a vendor’s demand for damages it allegedly suffered when hackers accessed software solutions the vendor licensed from Microsoft.
The case, Advaiya Solutions, Inc. v. Hartford Fire Insurance Company, concerned an enterprise liability policy whose coverage focused…

I recently saw on a
Facebook group I belong to advice for victims of the California fires and how
they can maximize their insurance claims. The advice was dreadful. It included,
“Make from memory the most detailed list you can of every item in your house
that was destroyed, and its value.”

This is terrible
advice.

One of my
specialties…

Fire at house homeowner had just purchased and not yet moved intoAwilda Pimental closed on a new home on June 28, 2022.  She purchased a homeowner’s policy from AmGuard Insurance Company that went into effect on the closing date, that included coverage for fire losses.On July 22, 2022, before Pimental moved into her house, a fire significantly damaged it.  …

Until recently, Oregon courts did not allow policyholders to bring claims against their insurers under Oregon’s Unfair Claims Settlement Practices Act and only allowed tort-based “bad faith” claims in narrow circumstances. This left Oregon policyholders seeking recovery from their insurers with only contract-based claims and remedies. But the Oregon Supreme Court’s decision in Moody v. Oregon Community Credit Union, 371…