Special Relationship Establishes Liability of the Agent

0
4كيلو بايت
Agent’s Failure to Advise Need for Substantial Ordinance and Law Coverage Breaches Duty Owed to Insured

Read the full article at https://lnkd.in/gdzky7v and at https://zalma.com/blog plus more than 3650 posts.

Foy Insurance Group, Inc. (Foy) appealed a verdict finding that Foy was negligent for failing to advise Ocean to purchase sufficient insurance coverage to rebuild a hotel, damaged in a 2015 fire, in compliance with the current building code and awarding damages to Ocean. In 101 Ocean Blvd., LLC v. Foy Insurance, Supreme Court Of New Hampshire (March 19, 2021) the Supreme Court established how the Plaintiff Established the special relationship to hold an agent liable to an insured for inadequate coverage.

ZALMA OPINION

The actions of Foy and its employees set up a special relationship with Ocean, even to the point of advising him to use a different agent who obtained better coverage than that that Foy could obtain, advised Ocean of limits to obtain, and coverages to obtain for Ocean’s multiple properties. Agents and brokers must be exceedingly careful in the advice given when there is a special relationship and should have known coverage was inadequate for a hotel more than 100 years old.
 
إعلان مُمول

We are 100% funded for October.

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

Xephula Funding Meter

Please Donate Here

البحث
الأقسام
إقرأ المزيد
أخرى
Do the Tort - Pay the Damages
Do the Tort – Pay the Damages Read the full article at https://lnkd.in/g9hwY9aB and see...
بواسطة Barry Zalma 2023-09-18 13:01:19 0 3كيلو بايت
أخرى
First Party Property Losses
First Party Property Losses See the full article at...
بواسطة Barry Zalma 2024-01-29 13:55:36 0 2كيلو بايت
أخرى
No Medical Bills Outstanding no right to Med Pay
Suing Insurance Companies Over Non-Covered Events go on and Fail Read the full article at...
بواسطة Barry Zalma 2021-10-22 12:36:21 0 4كيلو بايت
أخرى
A Video About the Assault & Battery Exclusion
Intentional Torts Should Never Be InsurableRead the full article at https://lnkd.in/gk9q8KR and...
بواسطة Barry Zalma 2021-05-21 13:10:19 0 5كيلو بايت