Posted In: Insurance Recovery
Insurance Blog: Sixth Circuit Affirms Federal Declaratory Relief In Insurer's Favor Despite Pending State Law Claim
By Ethan W. Weber on January 2, 2020
Recently, the Sixth Circuit determined an insurer may seek declaratory relief from a federal court concerning indemnification and defense of an insured, even when state court litigation is pending....
Posted In: Insurance Recovery
Insurance Guest Blog: Business Interruption - Five Pitfalls That Can Foul-Up Your Claim
By Bryant D. Petersen, Bober Markey Fedorovich on November 25, 2019
As written in the Bober Markey Fedorovich Valuation Advisor by Bryant D. Petersen on November 12, 2019: To weather a business interruption, damaged businesses need to be made whole again as quickly as possible. Business interruption (BI) insurance – or business income insurance – is a type of insurance that covers the loss of income because of a disaster, typically when the loss is due to suspension of operations and direct physical loss of property. BI insurance is designed to put the insured in the same financial position it would have been in if the disaster had not occurred....
Posted In: Insurance Recovery
Insurance Blog: Washington Supreme Court Breathes New Life in Standard of Proof for Additional Insured Coverage
on October 22, 2019
Traditionally certificates of insurance have been considered evidence of additional insured status, but do not, standing alone, establish additional insured status. Rather, the additional insured is required to prove its status through a copy of the actual policy or endorsement identifying it as an additional insured....
Posted In: Insurance Recovery
Insurance Blog: Three Things Policyholders Should Know About Insurance Coverage for Settlements
on June 25, 2019
All too often policyholders find themselves in a difficult predicament when it comes to resolving a lawsuit....
Posted In: Insurance Recovery
Insurance Blog: Five Must-Haves for Avoiding Risky Disasters -- Insurance Procurement Clauses
on June 11, 2019
When drafting contracts, parties usually spend the majority of the time negotiating the warranty, project/product specification, and price provisions....
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