The Florida Legislature recently passed statutory changes that, among other things, reduce the time condominium and property owners have to file lawsuits over construction defects from ten years to seven years. This means that owners purchasing newly constructed properties years after construction could be left with no recourse if the property was defectively designed or constructed.
Supply chain woes, worker shortages, already high premiums for electric vehicles and a growing incidence of unsafe driving are all exerting pressure on the industry to raise premiums.
Kreidler has fined vacation rental company AIrbnb $20,000 for acting as an unauthorized insurer in Washington state.
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This checklist is designed to help the agent or underwriter review the main issues with an insured before writing a commercial property policy.
"There simply was no period of time from the plaintiff's hire in 1983 until his retirement in 2016 at which the plaintiff was not a regular member of the Bridgeport Police Department," the court said.