Most Significant Decisions and Insurance Developments from 2023 natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
Mave’s policy required it to provide prompt notice of a loss and Lloyd’s argued that delay in reporting the damage should bar the claim. Mave largely conceded that its notice was not prompt, it argued Lloyd’s waived the defense by not raising it when it disclaimed coverage.
For insurance recovery attorneys, one of the more frustrating ways for a policyholder to lose coverage for a property loss is on the basis of late notice. Property insurance policies.
A New York City boutique hotel has hit its insurers with a federal lawsuit demanding they cover more than $1 million in property damage that the hotel sustained after contracting with the city to lodge homeless families, saying its policy promises to pay for direct physical losses.
A New York City boutique hotel has hit its insurers with a federal lawsuit demanding they cover more than $1 million in property damage that the hotel sustained after contracting with the city to lodge homeless families, saying its policy promises to pay for direct physical losses.