Category «Excess Insurance»

Florida Supreme Court Allows Third-Party Payments To Satisfy Self-Insured Retention

The Florida Supreme Court, on questions certified by the Eleventh Circuit Court of Appeals, determined that a policyholder need not pay out of pocket to exhaust its policy’s self-insured retention (“SIR”), but could instead rely on payments made by another insurance company.  The decision, Intervest Constr. of Jax, Inc. v. General Fid. Ins. Co., No. …

Top 10 Commercial Insurance Myths & Misconceptions

Commercial insurance is complicated, and decisions regarding what insurance to buy and whether to assert or pursue an insurance claim frequently are based on false assumptions about what risks are covered.  Below is a list of 10 of the most common misconceptions regarding commercial liability insurance.  In the coming days, I will examine each of …