I don’t see anything wrong with Texas Courts ruling that CGL policies are now de facto warranties. Courts have contorted unambiguous policy language for years.
I suppose there are actuaries who can determine an accurate rate that includes this additional risk.
Alternatively, it would indeed be really stupid for underwriters to continue to accept commercial liability risks in Texas, in the absence of adequate premiums for the warranty coverage.
When is someone in this country going to hold contractors accountable for their fraud?
So many of these guys either don’t know what they’re or their subs are doing (or don’t care), or do/allow shoddy work knowing exactly what their doing.
I don’t see anything wrong with Texas Courts ruling that CGL policies are now de facto warranties. Courts have contorted unambiguous policy language for years.
I suppose there are actuaries who can determine an accurate rate that includes this additional risk.
Alternatively, it would indeed be really stupid for underwriters to continue to accept commercial liability risks in Texas, in the absence of adequate premiums for the warranty coverage.
When is someone in this country going to hold contractors accountable for their fraud?
So many of these guys either don’t know what they’re or their subs are doing (or don’t care), or do/allow shoddy work knowing exactly what their doing.