NU Online News Service, Feb. 10, 2:29 p.m. EST
Insurance groups are opposing a bill under consideration in South Carolina that would reverse a recent court ruling on what is considered an "occurrence" in construction general liability insurance contracts.
The bill, S 431, which was passed out of the Senate Insurance and Banking Committee and will be considered by the entire Senate soon, states that the relevant laws will be amended "so as to provide that a liability insurance policy issued by an insurer and covering a construction professional in this state must be broadly construed in favor of coverage, and to provide that work of a construction professional resulting in property damage in certain circumstances constitutes an occurrence as commonly defined in liability insurance and is not the intended or expected consequence of the work of the construction professional."
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