Categorized: News

New Commercial General Liability Endorsements

ISO’s 2013 Commercial General Liability (CGL) filing makes significant revisions to dozens of endorsements as well as introduces six new CGL endorsements, at least two of which will impact the construction industry Endorsement CG 20 01-- Primary and Noncontributory – Other Insurance Condition: CG 20 01 is a new, optional endorsement that has...

A failure to be accurate on a proof of loss can have dire consequences!

Last week a jury in a federal court case in Minnesota found that the homeowners in a fire loss had overstated their proof of loss on contents State Farm was able to convince the jury that the owners could not possibly have purchased various items when they said they did based on financial records As a consequence the entire policy was declared...