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Insurance claim barred because of once-and-for-all rule (US)

21 September 2017

A New Jersey appeals court held that a contractor’s lawsuit against the insurer demanding cover for a claim against the contractors arising from a construction defect was barred because the claim should have been brought in a previous lawsuit that had freed the insurer from any duty to defend the third party claim.

Aggregation of claims for related transactions

21 September 2017

Where a policy aggregated claims for ‘similar acts or omissions in a series of related matters or transactions’ the enquiry was whether there was a real connection between the transactions in which they occurred.

Insurance exclusion for ‘that particular part’ on which ‘performing operations’ (US)

20 September 2017

The insured subcontracted a builder to build 53 prefabricated modular units for its residential blindness rehabilitation facility. The insurer denied an indemnity for water damage under a partly completed roof saying that the applicable exclusion barred coverage for ‘that particular part’ of property on which the policyholder or its subcontractors ‘are performing operations’.

Court restates principles relating to the duty of utmost good faith in insurance contracts (UK)

15 September 2017

A UK court has found that an insurer is entitled to avoid a policy where the insured had misrepresented the state of repair of the insured property and failed to disclose malicious acts and vandalism which had the effect of increasing the risk of fire in the property.

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Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

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