Please set up your API key!

The Rough Notes Company Inc.

Coverage Concerns

    WHEN DOES A TRUCK STOP BEING A TRUCK?

WHEN DOES A TRUCK STOP BEING A TRUCK?

Scott, a security guard, was injured when the driver of a truck he was inspecting unexpectedly closed the truck’s roll down door. Scott’s back and neck were injured so he sued the employer of the truck driver. The employer’s CGL carrier refused to cover the loss because of the automobile exclusion. Scott argued that the automobile exclusion would not apply because, at the time of the loss, the truck was

Read Full Article
    ASSIGNMENT OF BENEFITS

ASSIGNMENT OF BENEFITS

Assignment of benefits Is Florida an omen or an outlier? Will increased loss costs and rates from assignment of homeowners insurance benefits spread from Florida to other states? Learn about the issues so you can be ready to advise. From 408 in 2006 to more than 28,000 in 2016. Those figures represent the annual number of lawsuits—an increase of nearly 7,000%–arising from the “assignment of benefits” under insurance policies in

Read Full Article
    IT LOOKS LIKE A CRIME

IT LOOKS LIKE A CRIME

A coordinated attack between November 2013 and May 2014 resulted in Interactive Communication International processing 25,553 fraudulent transactions resulting in a $10.7 million loss. It turned the claim into Great American Insurance Company for coverage under its Computer Fraud Policy and coverage was denied. Interactive argued for coverage from the scam because all actions were fraudulent. Great American denied coverage because the fraudulent activity took place because of a vulnerability

Read Full Article
    WHEN SHOULD HE HAVE NOTICED?

WHEN SHOULD HE HAVE NOTICED?

Vince purchased his lawyer’s professional coverage in a package policy that included property, general liability, and professional coverage. Sixty days before its renewal a notice was sent by his carrier alerting him that professional coverage was being discontinued on the renewal. The renewal policy was issued as indicated without professional coverage but with a significant reduction in premium. Three years later, when he realized a professional claim might be presented,

Read Full Article
    WILL “INADVERTENT OMISSIONS” COVERAGE BE THE NEXT EUROPEAN IMPORT?

WILL “INADVERTENT OMISSIONS” COVERAGE BE THE NEXT EUROPEAN IMPORT?

Will “inadvertent omissions” coverage be the next European import? By Joseph S. Harrington, CPCU Liability coverage for errors and omissions is “old hat,” but if you were an underwriter how would you feel about first-party coverage for a client’s oversight? In coming years, commercial property insurers in the U.S. could have access to a new tool for providing such coverage. Today, staff members of the Insurance Services Office (ISO), the

Read Full Article
1 2 3 6
rn-subscribe-sidebar-cta_magazinern-subscribe-sidebar-cta_blog

Trending Tweets