USI Insurance Services has launched a new builder’s risk program that provides broader coverage for all project types and sizes, with capacity for frame and renovation projects, including catastrophic perils. This is designed to be an alternative for owners and …
South Carolina’s high court has left intact a state law that requires a builder’s general liability policy to cover damages from faulty workmanship, but ruled it cannot be applied retroactively to claims filed before the law’s May 2011 effective date. …
The South Carolina Supreme Court has ruled that insurers are not liable for damages caused by faulty workmanship under a contractor’s commercial general liability policy. In a recent ruling, the high court found that a builder’s insurance company, the Pennsylvania-based …
