D&O COVERAGE FOR INVESTIGATIONS Now you see it; now you don’t [O]ne may think a court is “incorrect,” but the court is not wrong unless and until its ruling is overturned. By Joseph S. Harrington, CPCU It’s an awkward moment in an agent’s or broker’s career. You convinced a reluctant client to purchase a policy the client was not sure it needed, only to learn later that a key coverage
Coverage Concerns
HOMEOWNERS AND BUILDERS RISK: WHAT CAN FALL THROUGH THE RENOVATION CRACKS Recommending the best policy with the right coverages By Mary Stiglic Home sales may have slowed, but remodeling is accelerating. The U.S. market reached an unprecedented height of $567 billion in 2022, according to the Joint Center for Housing Studies at Harvard University. Kitchen and bath remodels, room additions and disaster repairs were among the top categories of residential
LIMITING DEFENSE WITHIN LIMITS Some states revisiting “burning limits” in claims-made liability policies Defense-within-limits provisions appear most often in claims-made coverage for economic losses not necessarily tied to physical damage or injury. By Joseph S. Harrington, CPCU “What happens in Vegas stays in Vegas,” according to Sin City’s signature tourism slogan. Liability insurers are hoping that what recently happened in Carson City, Nevada’s capital, will be squelched in Carson City
UNDERSTANDING LIABILITY AND INDEMNIFICATION Liability for injury or damage is up to the courts, if and how insurance responds is a different issue The CGL policy isn’t a magic blanket; it just does what the insured would want it to do in a lot of situations. By Paul Martin, CPCU People who are not a part of the insurance industry frequently misunderstand the way liability works. After a car accident,
HOME-BASED BUSINESSES (REVISITED) The most-recent ISO homeowners coverage forms see business-related language changes While exposures have most certainly changed in the last seven years, … homeowners policy forms are not designed to address exposures that come with home-based businesses. By Marc McNulty, CIC, CRM I recently had a personal lines client contact me because he planned on opening a watchmaking business and running
