Insureds which suffer a loss may find that they are covered by multiple insurance policies for that loss. Such situations can arise inadvertently, or the existence of multiple overlapping policies may be by design. A number of issues may arise with the duty to defend, where there are overlapping or concurrent insurance policies – for example, how courts resolve overlapping or concurrent coverage absent a clause in one or more of the policies that deals with the issue.
Insureds which suffer a loss may find that they are covered by multiple insurance policies for that loss. Such situations can arise inadvertently, or the existence of multiple overlapping policies may be by design. A number of issues may arise with the duty to defend, where there are overlapping or concurrent insurance policies. This article focuses on how courts resolve overlapping coverage where there is one or more 'other insurance' clauses.
Falvey Insurance Group Appoints Mike McKenna as Chief Underwriting Officer
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NORTH KINGSTOWN, R.I., April 13, 2021 /PRNewswire/ Effective May 3, 2021, Mike McKenna formerly of The Hartford, will join Falvey Insurance Group as Chief Underwriting Officer and will oversee the underwriting for all the Group companies: Falvey Cargo Underwriting, Falvey Shippers Insurance and Safe Harbor Pollution Insurance. Prior to joining Falvey, McKenna oversaw underwriting at The Hartford Global Specialty (formerly Navigators Management Company, Inc.) for 11 years.
As Falvey plans for the future, the Chief Underwriting role is essential. The underwriting philosophy and appetite will remain the same, however this role will allow for a dedicated focus on the efficiency and quality of underwriting, and exploration of new opportunities that fit Falvey s operational capabilities and address the needs of the market.
Danielle Jackson Joins Falvey Cargo Underwriting as Assistant Vice President in Canada
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NORTH KINGSTOWN, R.I., March 2, 2021 /PRNewswire/ Falvey Cargo Underwriting welcomes Danielle Jackson to its specialized team of underwriters, effective March 1, 2021. Danielle most recently worked with Intact Insurance Company in Toronto as a Senior Commercial Underwriter.
President and CEO of Falvey Insurance Group, Mike Falvey, comments: We are very excited to have Danielle join Falvey and expand our underwriting in Canada. Danielle will further develop our broker partnerships and will also strengthen our commitment to the Canadian Board of Marine Underwriters (CBMU).