THE CHAMPLAIN TOWERS DISASTER
POSITIVE NEWS AS TO PROPERTY INSURANCE It is a pleasure for a commercial property insurer to get good press. In this case, Great American Insurance Company has indicated that it would tender its entire basic policy limits and pay additional coverages for Chaplain...
INSURANCE HISTORY: Great Fire of New York City 1835-Insurance Facts and Consequences
GREAT NEW YORK CITY FIRE OF 1835 AND INSURANCE The fire struck lower Manhattan in the City's commercial and financial district on December 16, 1835. The area contained many packed warehouses. It was a very cold and windy night. The fire lasted into the next day....
Insurance History–Property Insurance Starts in America: Did Ben Franklin Hate Trees?
DAWN AND GROWTH OF AMERICAN PROPERTY INSURANCE More or less, everyone knowing anything about insurance knows that in the 1750s Benjamin Franklin cooperated in creating the first (or among the first) fire insurance company and the first (or among the first) life...
Insurers’ Cancellation of Home Owners Insurance — Mold Claims Insurance Crises
FARMERS GROUP, INC. v. GETER, TEX. SUPREME COURT NO. 19-0996, DECIDED APRIL 9, 2021* * * *TEXAS MOLD CLAIMS YEARS 2000+ CREATED STATE-WIDE INSURANCE "CRISIS": A NEARLY FINAL DECISIONMICHAEL SEAN QUINN, Ph.D., J.D., ETC. ...
SUEZ SHIP DISASTER OF 2021 & INSURANCE
THE SUEZ CANAL SHIP DISASTER & INSURANCE:Early ChaptersMichael Sean Quinn, Ph.D., JD, CPCU, Etc.Austin, Texas Attorney, Mediator, Consultant, & Expert WitnessInterestingly, as of 6:00am, Monday, March 29, 2021, CDST, 400+ ships were floating idly,...
BRIEF SKETCH–TEXAS PAYMENT OF APPRAISALS AND INSURER STATUTORY BAD FAITH–AGAIN
BRIEF SKETCH: MARCHBANKS v. LIBERTY INSURANCE CORP. (TEXAS 2020)INSURED FILES FIRST-PARTY PROPERTY CLAIM; CONTROVERSY OVER AMOUNT OF LOSS; APPRAISAL; INSURER LOSES; INSURER PAYS APPRAISAL AWARD; INSURED STILL HAS RIGHT TO SUE INSURER UNDER TEXAS...
Interpreting Insurance Policies
AMBIGUITY & INTERPRETING INSURANCE POLICIES: A QUASI-RADICAL SUGGESTION SKETCHEDMichael Sean Quinn, Ph.D., J.D.Quinn and Carmona, A Law FirmAustin, Texas Everyone involved in insurance coverage knows that contracts are interpreted against the drafter if there...
FIRST-PARTY PROPERTY EXCESS POLICY
EASILY THE MOST OBSCURE & DIFFICULT TO UNDERSTAND INSURANCE COVERAGE DECISION EVER WRITTEN RSUI INDEMNITY CO. v. THE LYND COMPANY 13-0080 (Tex. 2015) PART II* *This is a more or less complete account of the themes and arguments of this case, together will my...
RSUI Indemnity Company–A Very Complex Excess Property Policy–Texas Style (Part I)
MOST DIFFICULT TO UNDERSTAND INSURANCE DECISION EVER WRITTEN, MAYBE, THOUGH WORTH THE READ, PERHAPS:FIRST-PARTY PROPERTY EXCESS POLICY:RSUI INDEMNITY CO. v. THE LYND COMPANY (Texas Supreme Court 13-0080 2015) PART IMichael Sean Quinn, PhD., J.D....
Chief Justice Lord Mansfield and Pan American World Airways
This post is a follow up to a post entitled "How to Read Insurance Policies: One Phrase 200 Years," also published this day.******Some intentionally caused fires are not covered in property policies. This has always been true for fires intentionally caused by...
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