QBE North America’s Commercial Insurance business has introduced a manufacturing E&O endorsement to its product liability product offering. The manufacturing E&O endorsement is a claims made coverage form providing broad coverage on a simple rating basis. This endorsement closes a …
CNA has enhanced package policy for mid-sized businesses, CNA Paramount, to offer broader, more flexible, proprietary general liability coverage. The new enhancement includes industry-specific general liability extension endorsements (GLEEs). Through these industry-specific GLEEs and CNA Paramount’s modular structure, agents can …
The Hanover Insurance Group, Inc. has launched an enhanced suite of general liability and umbrella coverage offerings for independent insurance agents to offer their business clients. These product enhancements include industry-specific and specialized coverage endorsements that can further extend coverage. …
The U.S. District Court in Pennsylvania ruled last week that multiple claims that arose from allegedly defective drywall that the insured entity imported in one single shipment from China should be considered a “single occurrence” for the insurance coverage. The …
Homeowners, businesses, and municipalities in the tri-state area continue to rebuild and rebound from Superstorm Sandy. Often, large-scale devastation and destruction are followed by lawsuits against individuals and entities allegedly responsible for protecting, managing, and maintaining the damaged buildings. A …
The Virginia Supreme Court has recently granted rehearing of a closely followed legal case involving global warming, The AES Corp. vs. Steadfast Insurance Company. The court says its previous decision on the case has been “set aside.” On Jan. 17, …
The Virginia Supreme Court has ruled in favor of an insurance company in a closely watched legal case involving global warming. The high court ruled that Steadfast Insurance Co., which provided commercial general liability (CGL) coverage for energy company AES …
Insurers in South Carolina may find themselves on the losing side over a battle to prevent construction defects from being covered under a general commercial liability (CGL) policy. The South Carolina Senate has approved a bill (S.431) that would reverse …
A general contractor can recover from its subcontractor’s insurers for the cost of repairs for damage to surrounding property resulting from the subcontractor’s faulty workmanship, the Georgia Supreme Court has held. The state’s highest court found that negligent construction is …
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 …
