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
The Washington Supreme Court’s March 14, 2024 decision in Gardens Condominium v. Farmers Insurance Exchange1 held that an all-risk policy’s resulting loss clause preserves coverage for non-excluded losses that are the natural consequences of an excluded peril. The Court underscored that its holdings in two prior resulting loss decisions, Vision One2 and Sprague3, do not require an “independent” or intervening
Sure, Steward Health Care has created a public health care emergency, but at least it has prevailed in an insurance coverage dispute. A storm in June 2020 caused an accumulation of rainwater on a rooftop courtyard and on roofs of Norwood Hospital. The rainwater seeped into the interior of the hospital buildings, causing significant damage.Norwood Hospital’s owner, Medical Properties Trust,
Many business owners will need to consider changes to their entity purchase buy-sell arrangements funded with business owned life insurance after a recent U.S> Supreme Court uling. There are several alternative buy-sell arrangements that affected business owners might consider instead of entity purchase agreements: A0Cross-purchase;B) escrowed buy-sell;C) a life insurance LLC;and D) endorsement split dollar. Tax implications can arise when
How Will Proposed Amendments to Illinois’s BIPA Affect the Use of Biometric Data?
By Alan S Wernick, Esq.
Summary
On May 24, 2024, the Town of Braintree filed a lawsuit in Suffolk County Superior Court against fifteen insurers, as well as insurance companies Does 1 though 50, for refusing to defend and indemnify it in a massive wrongful conviction lawsuit.The Town alleges that the insurers have each either refused to acknowledge or outright denied their contractual obligations under liability
