Connecticut Supreme Court Ruling Limits Coverage for Policyholders with Crumbling Foundations
The Connecticut Supreme Court recently ruled that an insurance policy form, which had been reviewed by this Court in the past and which potentially provided coverage for crumbling foundations, requires the policyholders’ home to have actually collapsed or be in imminent danger of collapsing in order to provide coverage. This strict standard has effectively taken […]
Insurance Companies Are Required to Give Notice When there is a Substantial Change of Coverage in a Homeowners Insurance Policy
Co-authored by: Cileena Terra A recent decision in Connecticut confirmed that substantial changes in property coverage policies are considered a “non-renewal” that requires insurers to give insureds 60 days’ notice. That Court found that the property and casualty insurers’ advance notice requirement for non-renewal of a policy applies to renewals conditioned on acceptance of substantial […]
What Type of Notice is an Insurance Company Required to Provide Prior to Cancellation, Non-Renewal, or Issuance of Substantial Changes in a Policy?
Co-authored by: Alison Gillotti and Cileena Terra The Connecticut Insurance Commissioner has issued several regulations interpreting Conn. Gen. Stat. § 38a-323, which provides notice requirements for cancellation, non-renewal, and substantial changes of insurance policy coverages. In 2009, the Commissioner issued PC-66 which stated that the advance notice requirements contained in Conn. Gen. Stat. § 38a-323 […]
Business Interruption Coverage: Recent Developments
The current COVID-19 pandemic has caused widespread closure of non-essential businesses, the financial and economic effects of which are already being felt across the country. Many business owners are looking to their business interruption coverage to mitigate the financial impact this crisis is having. Business interruption coverage insures against financial loss resulting from the closure […]
COVID-19 Business Interruption/Extra Expense Coverage Checklist
Most businesses have suffered losses from closures related to Civil Authority Orders and/or Covid-19 Virus on their premises. Many insurance companies are denying coverage to those businesses. The following checklist is intended to help you determine if you have a loss, what steps to take and things to consider if your claim has been denied. […]
States are Currently Proposing Legislation Requiring Retroactive Removal of Virus Exclusion to Coronavirus Business Income and Civil Authority Claims
Co-authored by: Cileena Terra States across the United States have been proposing legislation that could retroactively remove virus exclusion clauses for COVID-19 business income and civil claims. New Jersey has recently proposed Assembly Bill 3844 which would mandate that “every policy of insurance insuring against loss or damage to property, which includes the loss of […]