Category «Agent/Broker Claims»

Florida Supreme Court Upholds Tort Claims Against Insurance Brokers & Finally Kills the Economic Loss Rule

It took the Florida Supreme Court two years after oral argument to come to its senses and reaffirm the right of Florida policyholders to sue their insurance brokers for negligence.  The Court’s decision in Tiara Condominium Association, Inc., etc. v. Marsh & McLennan Companies, Inc., et al., No. SC10-1022 (March 7, 2013) is groundbreaking in several …

Myth #5: Certificates Of Insurance Add Additional Insureds

There has been so much going on lately that I have not had a chance to get back to my installment series, “Top 10 Commercial Insurance Myths & Misconceptions”.  To recap, we have covered #1-4: 1.  Your Business Is “Fully Covered”. 2.  Policy Forms Are “Standard” And Cannot Be Negotiated. 3.  Fraud Claims Are Not …