The Commercial Auto Loss Payable Clause endorsement CA 99 44 10 13 which can be applied to the Auto Dealers, Business Auto, and Motor Carrier Coverage Forms.
A judicial panel ruled that JMA, a general contractor, adequately pleaded the breach of contract claim based on Zurich's nonpayment of JMA's defense costs and reinstated JMA's claims for reach of contract and unfair or deceptive practices.
ISO is implementing earthquake rule changes that will enable a soft story factor to be applied to earthquake coverage when the building has a soft story.
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.