Coverage under homeowners policy for fungus damage ruled ambiguous A woman bought a homeowners policy for her 70-year-old home. The policy did not cover "(1) a loss consisting of or caused by...rust or other corrosion, mold, wet or dry rot or (2) a
Association responsible for insurance, but is condo unit owner's policy valueless? A woman owned a unit in a California condominium development managed by its homeowners association. Under the condominium's declaration of covenants, conditions and
Insurer's conduct warranted punishment but not to the tune of $145 millionA man in this Utah case was involved in an auto accident that disabled one person and killed another. The man's auto liability insurance limit was $25,000. His insurer chose
Broker had no duty to be truthful with insurer but can be sued for fraud(This case makes a good argument for setting up agency procedures to carefully check renewal policies-and to weigh the possible consequences of advising insureds to use
Punitive damages award overturned when intent to injure is not foundJuly 14, 1999, was to have been an exciting day in the construction of Miller Park Stadium, the home of the Milwaukee Brewers major-league professional baseball team. A crane known
Despite interaction with client, agent found to have no duty to procure coverageAn architect in Utah decided to form his own firm in 1987. His business grew considerably; between 1995 and 1997, he made substantial investments in equipment and office
E&O coverage ruled inapplicable to agent's viatical-settlement claim (Note: Agents and brokers are often advised to expand their business to include new services. This case serves as warning to check with your E&O carrier before going down a new
No connection found between vehicle's covered "uses" and assault on owner An assailant kidnapped a woman in her own car, took her to a remote location and sexually assaulted her in the vehicle. During the ordeal, the assailant used the vehicle's
