Insurance agents and brokers are in the business of transacting insurance with insurers on behalf of their clients. Unless they take on a fiduciary responsibility, they're only expected to obtain the insurance requested by the prospect. But after a loss, insureds who incur a loss greater than the limits purchased...
A district-court judge in Pennsylvania has ruled that a series of claims against Devon International amounts to a single occurrence under state law, and therefore triggers only one insurance policy with Cincinnati Insurance Co.
A district-court judge in Pennsylvania has ruled that a series of Chinese drywall claims against Devon International amounts to a single occurrence under state law, and therefore triggers only one insurance policy Devon had with Cincinnati Insurance Co.