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...
View ArticleMyth #2: Policy Forms Are “Standard” And Cannot Be Negotiated
Let’s start with a little background. Since the McCarran-Ferguson Act was passed by Congress in 1945, the insurance industry largely has been exempt from federal regulation. That includes (with some...
View ArticleMyth #4: Deductibles And Self-Insured Retentions Are The Same Thing
Lawyers and business people often use the terms self-insured retention (“SIR”) and deductible interchangeably, but there are important differences. When a policy has a deductible, the insurer is...
View ArticleStrafford CLE Tomorrow On Self-Insured Retentions And Deductibles
It’s not too late to sign up for tomorrow’s CLE webinar sponsored by Strafford. I will be presenting along with Chris Ferragamo at Jackson & Campbell and Verne Pedro at Goldberg Segalla. The...
View ArticleMyth #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....
View ArticleIn “Other Insurance” News: “Escape Clause” Beats “Excess Clause”
I know “other insurance” issues can be esoteric, but they are also increasingly important to insurance disputes. They are so important that I did a CLE presentation recently that focused almost...
View ArticleFlorida Supreme Court Allows Third-Party Payments To Satisfy Self-Insured...
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...
View ArticleSeverability Clause Saves Coverage For Additional Insureds
It has been a fairly quiet first half of 2016 for insurance law decisions in Florida. Several important cases are pending with Florida appellate courts, and as the weather heats up hopefully some of...
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