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The Wash. Supreme Court decided that the policy's "machinery breakdown" exclusion precluded damages for a delay caused by a broken-down tunnel borer.
People are worried about their money, paying their bills, and how potential events could deplete their savings.
Today's complex property market translates into potential coverage gaps for real estate professionals.
Now is the time for insurance agents and brokers to ensure their contractor clients have the right policies in place.
The answer may not be as clear as the headlines have portrayed.
The August 2022 issue of NU Property & Casualty magazine honors a proactive approach to mitigating risks.
VTL §388 ensures that victims of accidents involving a vehicle owned by a person but driven by a non-owner could seek financial redress for their injuries.
The company analyzed over 530,000 claims from 207 countries to identify the leading drivers of corporate losses.
Properly assessing damages is crucial to developing a clear plan for handling a liability claim.
Rising interest rates, high home prices, a tight labor market and a possible recession all create performance pressure for realtors.
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