The standard auto policy’s property damage coverage does not apply to third-party claims for an auto’s inherent diminished value, a federal court rules.
Insurance Law | Massachusetts
Former Newton PTO Treasurer Charged With Numerous Fraudulent Schemes Including Filing False Insurance Claims
In addition to being charged with filing false insurance claims, other charges include filing fraudulent false tax refund claims, forgery, and stealing over $14,000 from the Newton PTO Council.
Surety Recovers $250k on Personal Indemnities for Bond Payments to Claimants with No Right To Payment
A surety’s good faith payments on invalid claims did not bar it collecting on the general indemnities of the principal’s owners.
Court Nixes Extending Advertising Injury Coverage to a Trademark Infringement Suit
A federal court has decided what it called “a sophisticated insurance coverage question” involving the scope of the CGL’s intellectual property exclusion.
National Fire Obtains Reversal of a $400,000 Award against it for Attorney Fees and Interest on an Uncovered Claim
A $400,000 judgment under the supplementary payments provision of a commercial liability policy ordered reversed by the Appeals Court.
