One of the principal points of contention between insurers and insureds is whether defective construction work is, or can be, an occurrence, thereby triggering coverage. The New Jersey Supreme Court has joined a growing number of jurisdictions holding that commercial general liability (CGL) insurance policies may provide insurance coverage to insured general contractors when property damage is the result of defective work performed on the general contractor’s behalf by a subcontractor. Cypress Point Condo. Ass’n v. Adria Towers, L.L.C., 226 N.J. 403, 143 A.3d 273 (N.J. 2016). To put the holding in Cypress Point in perspective, some background will be helpful. Read the article…………..
To rent, or not to rent, that is the question and with the strata of…
Dear Tony: How do the new changes to depreciation reports apply to smaller strata corporations…
The Perry Township Fire Department says firefighters arrived and found flames showing from the multi-family…
The state Board of Land and Natural Resources on Friday was poised to make a…
People fed up with a growing sinkhole at the Parkside Condominiums on Bell and Cave…
Enacted in 2023, HB 837 substantially modified Florida’s bad faith laws and the state’s comparative…