• Surplus Lines Policies Subject to Chapter 627 of Florida Statutes

    Surplus Lines Policies Subject to Chapter 627 of Florida Statutes Surplus Lines Policies Subject to Chapter 627 of Florida Statutes In Essex Insurance Company v. Zota , 2008 WL 2520879 (Fla., 2008) , Mercedes Zota was injured when she fell from scaffolding while painting a mural on the second...

    Read Full Article

  • Commercial Umbrella Liability Insurance

    Commercial Umbrella Liability Insurance Usual Features and Provisions Summary: An umbrella liability policy has a net effect of providing the insured with an “umbrella” of blanket catastrophe liability protection. This approach to liability risk management has attracted many insureds and...

    Read Full Article

  • Excess Insurance Dropdown Question

    Excess Insurance Dropdown Question How Insolvency of Primary Carrier Affects Excess Coverage Summary: By definition and longstanding principle, excess liability insurance comes into play not until all other valid insurance has been exhausted in paying a loss. However, if the primary limits have...

    Read Full Article

  • Endorsements

    Endorsements March 2005 Nearly all umbrella policies are issued with one or more endorsements attached. The endorsements limit, modify, expand or clarify the coverage provided by the basic policy form. Because the risks being underwritten for insureds vary considerably, the number and type of...

    Read Full Article

  • Summary Comparison Worksheet

    Summary Comparison Worksheet Description and Specimen Forms March 2005 Entries on the worksheets represent an analysis of basic policy forms. In addition to identifying insurer, policy form number, edition, and (where provided) an information contact, each worksheet contains important coverage...

    Read Full Article

  • Self-Insurance and Self-Insured Retention

    Self-Insurance and Self-Insured Retention An Overview March 2005 Self-insurance and a self-insured retention (SIR) are two items that can be viewed as underlying coverages. Some may object to self-insurance being considered as insurance since the two requisite insurance componentstransfer and...

    Read Full Article

  • Overview of the 2004 Revisions of CGL Form

    Overview of the 2004 Revisions of CGL Form An Overview August 2005 This article presents an overview of the revisions that the Insurance Services Office (ISO) made to the commercial general liability (CGL) coverage forms, effective December 2004. Since most umbrella forms provide coverage for the...

    Read Full Article

  • Overview of Underlying Coverage Provisions

    ...(IL 00 17) that contains conditions common to all forms comprising the policy. The occurrence coverage form contains five sections:

    Read Full Article

  • Insurer Insolvency Does Not Require Drop Down Coverage

    Insurer Insolvency Does Not Require Drop Down Coverage Insurer Insolvency Does Not Require Drop Down Coverage A Louisiana court of appeals ruled that a commercial umbrella liability policy did not “drop down” to provide coverage when the primary insurer was insolvent in Domingue v. Legion...

    Read Full Article

  • Exhaustion Clause and Excess Insurer's Liability after Settling for Less than Limits

    Exhaustion Clause and Excess Insurer's Liability after Settling for Less than Limits Exhaustion Clause and Excess Insurer's Liability after Settling for Less than Limits In Qualcomm, Inc. v. Certain Underwriters At Lloyd's , 2008 WL 763483 (Cal.App. 4 Dist., 2008) , the California Court of...

    Read Full Article

  • Umbrella Coverage and the Definition of Insured

    Umbrella Coverage and the Definition of Insured Umbrella Coverage and the Definition of Insured In Universal Underwriters Ins. Co. v. Paradis , 2008 WL 215867 (Conn., 2008) , automobile dealer Crowley Chrysler-Plymouth, Inc.'s liability insurer, Universal Underwriters Insurance Company, brought...

    Read Full Article