Served with a lawsuit that you turned over to your insurer? Insurer refusing to defend you? Well, find some hope in this news. Washington’s IFCA has the claws to ensure that insurers perform their duties.[...]
Archive for the ‘Insurance’ Category
An Expert’s Opinion on Insurance Coverage in Vision One v. Philadelphia Indemnity
***Today, we have a guest post from insurance expert, David Thayer. David is a former Managing Director of Marsh McLennan and Executive Director of CT Bowring UK Ltd. He has over forty years of experience in complex risk management, claims, and underwriting. David Thayer Consulting (website[...]
Angry About New Workers Compensation Rates? So Is the Governor
Back in November, Washingtonians voted down an initiative to privatize workers compensation. I-1082 never really stood a chance, eventually being soundly defeated 59% to 41%. But just after the election, 1082 proponents fears were realized, when the Department of Labor & Industries announced the[...]
CBIC Bonded? Surety Company Bought By RLI Insurance
If you read this blog, you are probably aware that the State of Washinton requires mandatory bonding of its contractors. Contractors are required to maintain a good & sufficient bond of $6,000.00 or $12,000.00, depending upon classification. Many of our great state’s contractors are bonded[...]
Guest Post: How To Handle a Loss From Basement Flooding
With all the recent flooding in the Seattle area, home owners are having a tough time. Heavy rains may be a trigger for damage, but a contractor may be to blame. I have asked Mandy Woods of HomeInsurance.org to provide us some tips on how to handle these problems. Mandy Woods is a content writer [..[...]
When Insurer Denies Coverage, Insured Permitted to Settle
Have you ever had an insurable loss on a construction project? Were you denied by the insurer and dumped into a rut of litigation. A recent legal opinion helps better understand your rights after denial by the insurer.[...]
