One of the common mistakes policyholders make is not focusing on the importance of the individual policy periods and treating insurance reporting nebulously. (Credit: Andrey Popov/Adobe Stock) One of the common mistakes policyholders make is not focusing on the importance of the individual policy periods and treating insurance reporting nebulously. (Credit: Andrey Popov/Adobe Stock)

The U.S. Court of Appeals for the 2nd Circuit's recent decision in Pine Management v. Colony Insurance Company underscores the critical importance of providing notice to insurance carriers of possible claims, even when a specific demand is absent.

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