#Flood Sublimits

[nationallawreview]

Massachusetts SJC Rules in Favor of Insureds for Ambiguous Insurance Policy Term

In Zurich American Insurance Company v. Medical Properties Trust, Inc. (and a consolidated case[1]) (Docket No. SJC-13535), the Supreme Judicial Court of Massachusetts ruled in favor of insureds in a dispute over an ambiguous term in two policies insuring Norwood Hospital in Norwood, Massachusetts. A severe storm with heavy rain caused damage to the hospital basement and to the hospital’s main…

[insurance-wikis-stuff]

Court affirms Alliant’s negligence over flood sublimit

A federal appeals court has refused to overturn two jury verdicts that found Alliant Insurance Services Inc. negligent for reducing the flood sublimit on a New York property owner’s policy before Hurricane Sandy, and finding it was liable for $20 million.

In spring 2011, Newport Beach, California-based Alliant, acting as an insurance broker for New York-based Cammeby’s…

[insurance-wikis-stuff]

The BI Top 10 | Business Insurance

This week’s most popular stories include the Amtrak accident in Washington state, the U.S. Congress’s eleventh-hour passage of tax reform and more.

1. Amtrak liability capped under federal law

2. Former broker employees blocked from soliciting old clients

3. Court affirms Alliant’s negligence over flood sublimit

4. Chubb shuffles real estate and hospitality execs

5. Tax…