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Louisiana homeowners planning to sue their insurance company after Hurricane Katrina should do so by Tuesday or they will not be able to pull insurance agents or contractors into the lawsuit, New Orleans attorneys say.
Not including agents and contractors in lawsuits can hurt a policyholder's case because most insurance companies try to shift blame to agents and contractors, the attorneys said.
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Recent catastrophic crane collapses in Seattle, New York City and Miami underscore a type of insurance frequently neglected: professional liability coverage for contractors. This insurance (also known as errors and omissions) generally covers negligent acts, errors and omissions in the performance of professional services. What many owners and contractors fail to realize - and adequately address - is that contractors perform some measure of professional services on nearly every construction project.
When is a contractor's work "professional services"?
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On December 31, 2011, as a final act for the year, the First Appellate District of the California Court of Appeal issued a good appellate decision for...
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The construction industry, particularly the home-building segment, has been one of the few bright spots in the economy in recent years. Yet, while contractors constitute a large market for agents and brokers, arranging insurance and surety bonding for them is far from easy. To help readers find coverage for their contractor clients' various exposures, a directory of markets is presented. It contains listings from insurance companies and intermediaries that responded to a recent survey. Most of the listings identify the types of contractors that a market prefers and the various products it offers, which can include pollution and various forms of professional liability insurance, as well as builder's risk and general liability. The listings also specify the states in which a market does b...
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- Triad Electric & Controls, Inc., Plaintiff/Counter-Defendant Appellant/Cross-Appellee, v. Power Systems Engineering, Inc., Et Al., Defendants, Power Systems Engineering, Inc.; Century Contractors West, Inc.; Employers Insurance of Wausau, Inc., Defendants/Counter-Claimants Appellees/Cross-Appellants., 117 F.3d 180 (5th Cir. 1997)
Fredrick R. Tulley, Kathleen Campbell Mason, Taylor, Porter, Brooks & Phillips, Baton Rouge, LA, Russell Barry Starbird, Gibbs and Bruns, Houston, TX,...
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OLDWICK, N.J. -- A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer cred...
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17 November 2011
Insurance agents found to be employees, not independent contractors
In brief - hierarchical structure, specialised training and o...
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On December 31, 2011, as a final act for the year, the First Appellate District of the California Court of Appeal issued a good appellate decision for...
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HARTFORD, Conn. -- The growing emphasis to improve the nation's transportation infrastructure is providing new opportunities for highway, street and r...