Latest
Key
Takeaways:
The term ACV is not susceptible to more
than one reasonable interpretation and unambiguously includes depreciation of both
material and labor costsSplit decisions in other jurisdictions on
whether ACV includes depreciation
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In an interesting decision
handed down late last year, an Illinois federal district court in Ohio Security Insurance Company v. Truck Tire
Sales, Inc. determined coverage was not available after
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The Southern District of Florida issued
a ruling favorable to insurers in interpreting whether punitive damages are
insurable in Florida–even when awarded for vicariously liable acts.
The case, Ranger Constr.
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An insured’s admission in an
answer to a declaratory judgment complaint dispositive of coverage was not
considered by the Middle District of Pennsylvania. Instead, the court looked
only to the allegations
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An insured’s admission in an answer to a declaratory judgment complaint dispositive of coverage was not considered by the Middle District of Pennsylvania. Instead, the court looked only
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An insured’s admission in an answer to a declaratory judgment complaint dispositive of coverage was not considered by the Middle District of Pennsylvania. Instead, the court looked only
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On October 13, 2019, when California’s governor signed AB 218—the
California Child Victims Act (CCVA)—California became one of at least nine
other states to enact some form of window legislation
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