Month: March 2017

The Long Term Care Insurance Debacle • SRC Insurance Agency Blog

Podcast: Play in new window | Download We’re veering off course slightly this week to discuss long term care insurance. The recent decision to finally allow the beleaguered long term care insurance company, Penn Treaty (not to be confused with Penn Mutual) to be liquidated, sparked a need to discuss the ongoing issues with long …

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Costs to Repair or Replace Defective Construction Excluded Under Commercial General Liability Policy | Property Insurance Coverage Law Blog

Often a homeowner’s damages are not the result of a storm event, but rather the result of defective construction. In such situations, the homeowner will often pursue an action against the general contractor or subcontractor for various claims, such as negligence or breach of implied warranty of habitability. Ultimately, the question becomes whether the contractor …

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FAPIA Conference – Educational Courses and Fishing Fun | Property Insurance Coverage Law Blog

Calling all anglers and Public Insurance Adjusters! Check out the 25th Anniversary FAPIA Conference that kicks off on Sunday, May 21st with a fun fishing tournament in the Florida Keys! Taking a few days in the tranquil Florida Keys to regroup and update your continuing education might be just what you need to take your …

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Crumbling Foundation and the Collapse Provision in a Homeowners Policy | Property Insurance Coverage Law Blog

Recently, Connecticut has had an increase in insurance claims for crumbling foundations due to faulty foundations poured in the 1980s and 1990s. Some foundations poured during this time frame contained a mineral, pyrrhotite, which can cause cracking when it reacts with oxygen and water. It is estimated nearly 20,000 foundations poured contain the mineral. The …

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