Replacement Cost. What it is and what you need to know.
It’s easy to think, “I know what my building is worth, so that’s the coverage I need.” Unfortunately, that is incorrect! While you may know the market valuation of your property, you may not know what it would take to rebuild. These costs aren’t tied to your building’s market
Insurance
What Is A Life Settlement?- Best Overview [New for 2023]
By Chris Acker
What Is A Life Settlement? A life settlement is a transaction in which the owner of a life insurance policy sells the policy for its cash value to a third party. The policyholder receives a lump sum payment that is generally greater than the cash surrender value offered by the insurance company, but
The post What Is A…
New California Insurance Case
Under California law, is a business shutdown due to COVID-19 covered under a commercial casualty policy? Blog post: https://californiacasesummaries.mykajabi.com/blog/new-insurance-case
Watch my recent webinar on Good Faith Claims Handling
By Nina Kallen
On September 28, 2022 I gave a webinar on the topic Liability Insurance and Good Faith Claims Handling: What Every Massachusetts Attorney Should Know. This was a joint program of two of my favorite institutions, the Insurance Library (currently holding a Silent Auction) and the Social Law Library. You can access the video here.
Post-Storm Triage :: Proactive Tips for Managing the Insurance Issues
With catastrophic weather events on the rise, we field a lot of calls in the aftermath of a storm. 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 times,…
US District Court for District of Massachusetts holds that Vermont Mutual's post-judgment settlement offers that were less than verdict were in bad faith; puts it on notice for future conduct
By Nina Kallen
Fire in apartment and tenants’ underlying lawsuit against landlordChester Robinson and Lorraine Hames were tenants in a multi-unit apartment building owned by Edward Toland and Cogavin Associates. A fire forced them to move out. The tenants sued the landlords in Superior Court for negligence, breach of covenant of quiet enjoyment and violation of Mass. Gen. Laws ch.…
Invitation to my webinar on Liability Insurance and Good Faith Claims Handling: What Every Massachusetts Attorney Should Know
By Nina Kallen
The webinar is on Wednesday, September 28, 2022 from 4 PM to 5:30 PM, and is co-sponsored by the Insurance Library and the Social Law Library. You can register through this link. Feel free to email me questions ahead of time and I’ll try to answer them in the webinar.I have a couple of comp tickets. If you want…
A Roadmap to Insurance Coverage for the Mother of Toxic Torts: PFAS
What Are PFAS?
Per-and polyfluoralkyl substances (PFAS)—ominously described by some as “forever chemicals” and others as the “mother of toxic torts”—are becoming common household words. As Miller Nash’s Environmental Team explained, PFAS are a group of long-lasting chemicals that are present in everything from cookware to food packaging to firefighting foam and in the blood of 97% of Americans. Exposure…
STOLI Policy Gone Wrong- How Not To Buy Life Insurance
By Chris Acker
Insurance policy was illegal wager on stranger’s life, appeals court holds (Reuters) — Sun Life Assurance of Canada does not have to pay a $5 million death benefit on a life insurance policy because it was an illegal “wager on the life of a stranger,” a federal appeals court held. The 7th U.S. Circuit Court of Appeals affirmed
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“Take-Home COVID” Claims May Lead to Future Insurance Disputes
What Are “Take-Home COVID” Claims?
“Take-home COVID” claims are claims brought against an employer by the spouse or child of an employee who caught COVID-19 in the workplace and brought it home, infecting a spouse or child and causing injuries. These claims are controversial because employees that are injured in the workplace are generally prohibited by workers’ compensation laws from…