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The Rough Notes Company Inc.

Coverage Concerns

    A DO-IT-YOURSELF FAILURE

A DO-IT-YOURSELF FAILURE

A DO-IT-YOURSELF FAILURE Ronald was on the Illinois River when his motorboat collided with mud and debris. In order to free the propeller from the mud, he tried a variety of approaches to his dilemma. Eventually, the motor shut down and he was towed to shore. He submitted a claim for the destroyed propeller and its assembly, but Erie Insurance refused to honor the full claim. It argued that most

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    THE NEW BOTTOM LINE

THE NEW BOTTOM LINE

When products look the same from one provider to the next, price is a powerful incentive to choose one over another. To explain policy differences, you first must understand them. THE NEW BOTTOM LINE Replacement cost limits under scrutiny because of widespread underinsurance By Joseph S. Harrington, CPCU Insurance is not just a commodity. It’s a contractual agreement to transfer risk. You don’t just “buy” insurance, but rather participate in

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    IS NAMING A SHOE AN ADVERTISEMENT?

IS NAMING A SHOE AN ADVERTISEMENT?

Vibram’s named their running shoe “Bikila” after Abebe Bikila a famous barefooted runner. Bikila’s family sued Vibram for using the name without their permission. When Vibram’s CGL carrier, Holyoke Mutual, refused to defend the case due to an exclusion, Vibram argued that the case was not subject to the personal injury exclusion because of an advertisement-related exception. The trial court didn’t agree with Vibram’s argument so Vibram turned to a

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    WARREN’S WAGER

WARREN’S WAGER

Berkshire-Hathaway’s new commercial lines THREE policy provides coverage for property, auto liability, general liability, errors and omissions, cyber losses and workers compensation in just three pages. What should you know about it? WARREN’S WAGER What does Buffet see in a three-page policy? By Joseph S. Harrington, CPCU What is Warren Buffett thinking? The Oracle of Omaha is being widely criticized by insurance policy form experts for promoting Berkshire-Hathaway’s new commercial

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    WHO SIGNED THE CONTRACT?

WHO SIGNED THE CONTRACT?

Anwar was severely injured while working on FCL’s jobsite, so he sued FCL as the general contractor. FCL had a written contract with all its contractors to include it as an additional insured on their policies so Anwar’s suit was forwarded to JAK, Anwar’s employer. JAK’s carrier refused to provide the automatic additional insured coverage because JAK was a subcontractor of Suburban not FCL. However, Suburban did have a contract

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