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Top 10 Issues in Construction Contracts
English Law: Coverage of Asbestos Exposure Hinges on Wording in Employers’ Liability Insurance
Preparing Your Business for the 2011 Atlantic Hurricane Season
Perspectives on Insurance Recovery Newsletter - Summer 2011
Authors:
Vince Morgan
Old Wines, New Battles: Lessons from the Great Fire of 1906
Source: Perspectives on Insurance Recovery Newsletter - Summer 2011
Authors: Rene L. Siemens, Peter M. Gillon
December 2010 marked the centennial of the landmark California Supreme Court decision that resolved the critical insurance coverage dispute arising from the 1906 San Francisco earthquake and fire. The earthquake and ensuing fires laid waste to the city, destroying 28,000 buildings and causing the nation’s second-largest death toll in history with up to 6,000 killed.
Top 10 Issues in Construction Contracts
Source: Perspectives on Insurance Recovery Newsletter - Summer 2011
Authors: James P. Bobotek
The success of construction lenders, owners, contractors or subcontractors may depend on how well each of them addresses project risks. This is called “risk management.” A major part of risk management is “risk allocation,” whereby a party assigns by contract the responsibility for a certain risk to another party, who will then bear that risk. Yet another part of risk management is the manner in which a party handles its assumed risk so that the possibility (and resulting cost) of the risk is minimized.
English Law: Coverage of Asbestos Exposure Hinges on Wording in Employers’ Liability Insurance
Source: Perspectives on Insurance Recovery Newsletter - Summer 2011
Authors: Raymond L. Sweigart
The English courts continue to wrestle with the issues surrounding which policies of insurance, if any, must answer in both the public or commercial liability and employment contexts for alleged exposure to asbestos causing illness years later.
Insurance May Cover Class Action Costs for Merchants Who Recorded Customers’ Zip Codes
Source: Perspectives on Insurance Recovery Newsletter - Summer 2011
Authors: Robert L. Wallan, Kimberly L. Buffington
The California Supreme Court’s February 10 decision in Pineda v. Williams-Sonoma has already spawned a wave of class action lawsuits, many of which may constitute covered losses under a business’s Directors and Officers (D&O) or Commercial General Liability (CGL) insurance policies.
Are Nuclear Accidents Covered?
Source: Perspectives on Insurance Recovery Newsletter - Summer 2011
Authors: Rene L. Siemens
Recent events in Japan have focused attention on whether nuclear accidents in the United States would be covered by insurance. For decades, insurers have denied coverage for the costs of investigating and cleaning up radioactive contamination. Insurers insist that such costs are excluded from coverage. Their position took a body blow recently when a Massachusetts federal judge ruled in favor of a Pillsbury client that the “pollution exclusion” that has been contained in nuclear liability insurance policies since at least 1990 is unenforceable as a matter of law.
