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Posts tagged "insurance law"

Insurers say they are not obliged to defend Lumber Liquidators

If you follow business and insurance news, then you may have seen recent headlines about the claims against Lumber Liquidators. Customers were unhappy to learn that high levels of formaldehyde were found in the company's laminate flooring products, which were sourced from China.

State Supreme Court rules in favor of insurer accused of bad faith

With the inclusion of a "consent to settle" clause in an insurance policy, you as an insurer can require the insured to obtain written consent from you before settling a legal claim related to the policy. You can also include a "no action" clause that shields you from legal action from the insured party in the event that the party doesn't fully comply with the terms of the policy.

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