Ian Wright

2015 Insurance Legal Case Update From SDV Law

1. Capital City Real Estate LLC v. Certain Underwriters at Lloyd’s, London – U.S. Court of Appeals for Fourth Circuit, June 10, 2015 788 F.3d 375 (4th Cir. 2015) Importance of Case: The case addresses a common issue presented by additional insured claims – whether extrinsic evidence can be utilized to determine an insurer’s duty …

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Workers’ Compensation Red Flags and Fraud

There are hundreds of thousands of active workers’ compensation claims in California. During the fiscal year 2013-2014, the California Fraud Division identified 5,729 suspected fraud cases. Of those, only 248 cases were sent to prosecuting authorities (County District Attorneys). For those convicted at trial or who entered a plea bargain, what were the penalties? Not …

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Pollution Liability: Contract and Jobsite Exposures

Pollution liability insurance has been available for more than 15 years, so why aren’t more subcontractors purchasing this coverage? Do they realize that pollution claims are excluded from general liability policies? Are they aware of how reasonable premiums are, starting at less than $5,000 a year for $1,000,000 of coverage? Download the Article

Claim Reserving

Claim reserving is an art form coupled with an educated guess of the most probable outcome for any given claim. Reserves are set by insurance adjusters. For large and more complex claims, a claims manager or vice president will approve the final reserve. Download the Article

2016 Workers’ Compensation Update

Highlights: Construction rates are going down on average 13% in 2016 Wage threshold changes California loss ratios improving Top 10 workers’ compensation insurers EMR average for northern CA is 90% Download the Article

Broker Prequalification

Owners have been prequalifying general contractors and, in turn, general contractors have been prequalifying subcontractors for expertise, performance, safety, and innovative ideas for years. You should do the same with your insurance and surety broker. Download the Article

2015 Workers’ Compensation Mid-Year Update

July 1st 10.2% Rate Reduction Approved. On May 7th, the California Insurance commissioner approved the WCIRB’s request to lower the existing advisory pure premium rates by 10.2%, effective for policies renewing on or after 7/1/15. Download the Article

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