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The Rough Notes Company Inc.

Coverage Concerns

    MANY CHECKS BUT HOW MANY OCCURRENCES?

MANY CHECKS BUT HOW MANY OCCURRENCES?

The finance manager at First United Methodist Church started embezzling in 2008 but the crime wasn’t discovered until December 2012. Philadelphia Indemnity was notified in January that a total of $200,000 had been taken. The church requested coverage under the 2011 and the 2012 policy terms for a total of $100,000 but Philadelphia offered only $50,000. See how much the church received. Philadelphia Indemnity Insurance Company (Philadelphia) provided four separate

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    WRITE YOUR OWN POLICIES? LEMONADE’S CHALLENGE

WRITE YOUR OWN POLICIES? LEMONADE’S CHALLENGE

Engaging the village to identify and address risk In a sense, Lemonade 2.0 is not new, but a return to the policy drafting long carried on in meeting halls and on kitchen tables by the organizers of mutual fire insurance companies. By Joseph S. Harrington, CPCU Stay with us, please. Insurance professionals can get into a lather over the mere mention of Lemonade, the company that tells the public to

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    HOW FAR?

HOW FAR?

Jonny was driving a customer’s vehicle when he struck Charles and Delilah’s vehicle. Because Jonny was a valet for the Olivier House Hotel at the time of the accident, Olivier House Hotel was sued, but its CGL carrier declined coverage because the customer’s vehicle had been parked at a garage ten blocks away from the hotel. See below how the courts reacted when asked to determine how close a vehicle

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    Time to get a “LEG” up on construction disputes?

Time to get a “LEG” up on construction disputes?

Time to get a “LEG” up on construction disputes? By Joseph S. Harrington, CPCU Few areas of insurance generate as many disputes as construction defects and/or faulty workmanship. Property damage claims that arise from contractor errors entail a myriad of fact scenarios involving piles of rubble, saturated fixtures, or smoldering ruins, further complicated by a variety of changing and conflicting court rulings. That’s why agents and brokers are finding more

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    YOU CAN’T GET THERE FROM HERE

YOU CAN’T GET THERE FROM HERE

Woody Creek purchased two parcels of land and purchased title insurance for it. After developing the property and attempting to sell it, he discovered that there was no legal access to one of the parcels. The title company, Fidelity National Title Insurance Company negotiated for a 30-year easement but Woody Creek wanted more. Here is how the courts ruled. Woody Creek Ventures (Woody) bought and developed two parcels of land.

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