Litigation

Florida OIR appears ready to battle lawsuit from public adjusters.

Now more than at any time since the savings and loan crisis in the 1980s, directors and officers of financial institutions must be aware of liability risks related to performance of their duties. The FDIC is on a litigation campaign.

David Thamann discusses two scenarios in which he believes “accidental” faulty workmanship on the part of the named insured should be covered under a CGL policy.

Construction-insurance pros see some signs for market improvements in 2012 and 2013, as the economy recovers and projects continue in key industries, such as health care and education. A second round of stimulus funding would also help.

Is a construction defect an occurrence covered by a commercial general liability policy? That’s the key question for homebuilders and contractors facing Chinese drywall damage claims. The insurance and liability issues are becoming increasingly complicated by conflicting state court rulings over the lingering coverage question.

Four former insurance executives of now-defunct Vanguard Fire and Casualty Company have been indicted on charges of fraudulently obtaining $20 million in reimbursement from the Florida Hurricane Catastrophe Fund after the 2004 hurricane season.