What is the meaning of "wrap-up or similar rating plan?" According to Connecticut Senior District Court Judge Warren W. Eginton, that was the $13.5 million question in Thompson, et al. v. National Union Fire Ins. Co. of Pittsburgh, Pa., 3:14-cv-00259-WWE (D. Conn. April 6, 2017). … [Read more...] about Ambiguous Policy Costs Insurer $13.5 Million In Power Plant Explosion
Owner controlled insurance program
Commercial construction projects necessarily involve many moving parts, including multiple parties from the owners to the construction managers to the project financiers to the contractors and to the sub-contractors. These moving parts generally result in a web of interrelated … [Read more...] about Additional Insured By Written Contract Clause Construed to Bar Coverage
I have run across a number of interesting situations involving owner controlled or contractor controlled insurance programs (“OCIP” or “CCIP”) that have developed into actual coverage disputes or potential disputes (can’t talk about the potential … [Read more...] about OCIP and CCIP Policies and the Duty to Reimburse for Defense Costs: contractor controlled insurance programs
When the U.S. Department of Homeland Security, the National Highway Traffic Safety Administration, and the Food and Drug Administration each have issued guidance on the risks to health, safety, and productivity associated with unsecured devices on the so-called Internet of Things … [Read more...] about Internet of Things: Is Your Cyber Insurance Protecting You?
Green construction has become more and more popular over the past decade. Businesses and homes are turning to green while the government encourages it through tax incentives. But going green is not just about sustainable or local products in construction. It involves specific … [Read more...] about Green Construction Risks and Rewards