Additional Insured Endorsements Effectively Transferred the Risk of Bodily Injury to The Sub-Contractor’s Insurer
Read the full article at https://lnkd.in/gGaBpsx and at https://zalma.com/blog plus more than 3600 posts.
Starr Indemnity (“Starr”) sued seeking a declaratory judgment that Defendant Excelsior is obligated to indemnify parties to an underlying personal injury lawsuit (the “Underlying Action”). In Starr v. Excelsior, 19 Civ. 3747 (KPF), United States District Court Southern District Of New York (February 1, 2021) the USDC resolved the dispute applying the contracts as written
ZALMA OPINION
Construction contracts usually contain risk transfer devices like requiring all subcontractors to make the general contractor and the owner additional insureds on a CGL policy as well as requiring indemnification by the construction contract. When the risk is transferred the entire risk is moved to the sub-contractor or its insurer. In this case the two insurers protected the insured and settled the underlying action and applying their joint arguments and then filed a declaratory relief action to determine who owed what to whom.
-
- EXPLORE
-
-
-
-
-
-
-
-
Sponsored
We are, so far, 80% funded for April. I am matching donations dollar for dollar this month. Thanks to everyone who helped out. 🥰
Xephula monthly operating expenses for 2024 - Server: $143/month - Backup Software: $6/month - Object Storage: $6/month - SMTP Service: $10/month - Stripe Processing Fees: ~$10/month - Total: $175/month
Search
Sponsored
Categories
- Art
- Causes
- Crafts
- Crime
- Dance
- Drinks
- Film
- Finance
- Fitness
- Food
- Games
- Gardening
- Health
- Home
- Literature
- Music
- Networking
- Paranormal
- Other
- Politics
- History
- Party
- Science
- Religion
- Shopping
- Sports
- SyFy
- Politically Incorrect
- Philosophy
- Theater
- Technology
- Wellness
Read More
It's Best to Buy Your Own UM/UIIM Coverage
It is Best to Buy Your Own UM/UIM Cover
Read the full article at https://lnkd.in/gJVTmTnS and see...
Insurer is Required to Report Suspected Fraud to IFB
Perpetrator of Workers’ Compensation Fraud May Not Benefit From the Fraud
A PROMISE TO NOT...
The Twitter Files 8 (or 9?)
Poster's Note: What follows is a modified version of the posts that Matt Taibbi posted. It was...
Fairly Debatable Action by Insurer
Fairly Debatable Action by Insurer
Read the full article at https://lnkd.in/gP9dTb2F, see the...
Published Today: Zalma on Insurance Claims Part 103 - Third Edition
Published today: Zalma on Insurance Claims Part 102 – Third Edition
Posted on June 26, 2021...