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Coverage Concerns

    IS ONE BITE ENOUGH?

IS ONE BITE ENOUGH?

IS ONE BITE ENOUGH? Kit heard the child’s cry and rushed out to help. She ended up getting bit by a dog named Tank. Then she was accidentally tased and finally shot by police officers as they attempted to gain control of the situation. Kit and the child sued Tank’s owner, but his homeowners carrier refused to pay because this was Tank’s second bite. See how the courts responded to

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    WHEN SHOTS FLY

WHEN SHOTS FLY

In the wake of mass shootings, the question arises: Who will compensate the victims?  As courts address the issue, insurers seek to restrict what could be a huge exposure. When shots fly Who’s liable and who’s covered? By Joseph S. Harrington, CPCU Andrew Torba bristles at the idea that his social media platform is responsible for the actions of the man who killed 11 people and wounded six others in

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    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

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    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

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    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

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