SDV Insights

The experience of applying for disability insurance coverage carries with it novel information. Depending on your profession, policy features and coverage costs could raise questions.

The Delaware Supreme Court narrowed an insurer's duty to defend in Ace America Insurance Co. et. al. v. Rite Aid Corp. et. al. In Ace, the high court majority reversed the trial court, holding that Chubb Ltd. ("Chubb") had no duty to defend Rite Aid Corp. ("Rite Aid") in suits brought against it by two Ohio Counties seeking damages for costs arising out of the company's distribution of opioids.

A new bill (SB 2022-736) was recently introduced to the Florida Senate. The proposed amendments to the statutes of limitations and repose could significantly impact construction defect claims by effectively creating additional exposure to contractors and insurance carriers. The proposed bill requires all actions founded on the design, planning, or construction of an improvement to real property to be commenced within four years after the time to commence an action begins.

Florida's Senate Bill 76 went into effect July 1, 2021. It dramatically shifted how certain claimants recover attorney's fees in both commercial and residential property insurance cases, while simultaneously including specific notice requirements as a prerequisite to filing suit. The new sliding scale of determining fees and 10-day notice requirements as a prerequisite to filing suit against an insurer may have created more hurdles to just and equitable recovery for policyholders.

Builder's risk insurance is specialized first-party property insurance that protects a project during construction or renovation. It is designed to react to losses that occur during the course of construction, with the goal of getting the project back up and running after a loss. This type of insurance is recommended for anyone with a financial interest in a property that is being built or renovated.

Natural disasters have been occurring more frequently and with greater potency, creating a real and heightened financial and operational risk to businesses around the globe. This article aims to enhance traditional business continuity techniques and strategies by discussing how risk management, insurance and claims knowledge can form a robust platform from which to minimize the impacts of natural disasters on business.

Both state and federal courts across the country wrestled with insurance coverage for COVID-19 business interruption claims throughout 2021 with no foreseeable end in sight. That didn't prevent courts from addressing a myriad of other interesting coverage dilemmas, stemming from ransomware incidents, Biometric Information Privacy Act claims, and SEC-ordered corporate disgorgements.

Labor Guard is a project-specific insurance policy for project owners and general contractors operating in New York. The fundamental principle of the program is good risk transfer. SDV is retained to review subcontractor insurance policies and ensure that they meet specific minimum requirements, which are critical to transferring claims off the owner or general contractor's insurance program and on to the responsible subcontractor's insurance.

In a win for policyholders, the Third Circuit Court of Appeals recently affirmed a District Court's 2018 ruling, which held that the duty to indemnify follows the duty to defend where a settlement precludes a determination on the facts of the case relative to liability and apportionment.

California, and the greater Western United States, has experienced devastating wildfires over the last ten years. Not only are the fires more destructive than years past, they are no longer constrained to specific seasons. Because one of the effects of climate change is a dryer and hotter climate in the West, California is susceptible to fires year round. This means that it is increasingly a matter of when, not if, your home or business may be susceptible to a wildfire.