It has been a quiet period for insurance coverage opinions in Florida. Today I want to discuss an important decision from the Florida Supreme Court that did not involve a coverage dispute but will have an impact on coverage and indemnity disputes going forward. The case is First Baptist Church of Cape Coral, Florida, Inc., …
In University of Miami v. Great American Assurance Company, No. 3D09-2010 (Fla. 3d. DCA Feb. 20, 2013), the Third DCA held that an insurance company had to pay for separate and independent defense counsel to defend its additional insured. The coverage dispute arose out of a tragic incident in which a four-year-old child suffered severe injuries …
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 …
Now is a good time to review your commercial insurance programs and risk management plans to ensure that your company is adequately covered in 2012. Here are just a few of the issues risk managers, CFOs, and business owners should be looking at in the new year: 1. Have you updated your disaster contingency plans …