Insurance UpdateFebruary 14, 2018 | Robert Tugander |
We bring you our February Insurance Update. In this month’s issue:
- The Eighth Circuit considers if the “particular part” exclusion bars coverage for damage to an electrical transformer;
- A Pennsylvania federal judge determines whether a homeowners’ policy covers the costs to clean up a heating oil spill in the home’s basement;
- A Florida federal judge doles out a lesson for insurers seeking equitable subrogation;
- A California federal court addresses whether a severability clause in a primary policy negates an exclusion in an excess policy;
- An Alaska federal judge decides whether an insured, criminally charged with violating a federal statute, but acquitted, is entitled to recoup its defense costs from its insurer;
- The Third Circuit considers if the statute of limitations begins to run where a policyholder treats the rejection of a proof of loss as a denial of coverage;
- An Illinois appellate court discusses when an insurer must pay for independent counsel; and
- The Eighth Circuit determines if a claim for diminution in value meets the “property damage” definition.
We hope you find these cases interesting.
Click here to read the Update.