on January 5, 2015
General liability policies are routinely purchased by developers, construction managers, and subcontractors to protect themselves from third-party claims for bodily injury or property damage arising from their work at a construction site....
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on August 05, 2014
Although no business wants to deal with the issue, companies are increasingly being forced to deal with losses from theft, fraud and embezzlement in the workplace. The losses in these situations can be enormous and companies are taking measures to protect their assets. Since first-party property policies typically do not cover crime-related losses, companies are purchasing Commercial Crime Policies, also called fidelity insurance, to fill this gap....
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on July 3, 2014
Federal and state courts in Ohio are currently divided as to whether a policyholder, by virtue of settling with its primary insurer, loses its right to select from among triggered policies to receive payment, with the resulting effect being the forfeiture of excess coverage. Recently, the Ohio Supreme Court has accepted a case which is likely to settle this split of authority....
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on June 27, 2014
A denial of insurance coverage has immediate and sometimes severe consequences for a policyholder. A wrongful denial by the insurer leaves the policyholder to fend for itself, requiring the policyholder to cover the costs of loss, as well as any attorneys' fees associated with defending actions brought against the policyholder by third parties. Adding insult to injury, the policyholder then must incur attorneys' fees and costs in prosecuting a coverage action against its insurer in order to obtain the insurance coverage for which it paid. The total costs of loss when an insurer wrongfully denies coverage can place substantial financial strain upon a policyholder....
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on June 3, 2014
The rapid growth of hydrofracturing (i.e. "fracking") in Ohio has produced aftershocks throughout numerous industries and communities—some more literal than others. Recent studies indicate that use of injection wells, the underground wells used to dispose of wastewater produced in the fracking process, is connected to the occurrence of earthquakes in areas that had not previously experienced any seismic activity....
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