Commentary on All Matters Involving Real Estate and Construction Law in the Upper Midwest
Commentary on All Matters Involving Real Estate and Construction Law in the Upper Midwest
Recent legislation and Minnesota court decisions have changed how courts treat statements by insurance brokers and agents. Historically, to determine if a policyholder or insurer was responsible for the statements and actions of the insurance brokers or agent you had to look to the principles of legal authority. The possession of authority, whether actual…
COVID-19 and the recent political unrest have come with implications that are either direct or consequential to the insurance market. Many businesses looking to renew long-standing commercial insurance policies are finding either increased premiums or a refusal of certain excess carriers to extend the same policy limits. This has caused many businesses to either shop…
Typically, property insurance policies require notice of a claim as soon as practicable. Notice requires a description of when, where and what happened to result in a claim. If you have a loss, put your insurer on notice immediately.
Make sure to file a police report. Many policies
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What do all construction and real estate companies have in common? They have directors or managers and officers concentrating on running the companies and remaining profitable. Most companies maintain Directors and Officers (D&O) insurance to protect these important stakeholders from liability and lawsuits that can arise from their work. Because there is no standard…
