There are many types of cases that may constitute the filing of a bad faith claim. The varying jurisdictions surrounding this area of law also pose additional uncertainties making it harder for insurance companies to devise effective litigation tactics. Thus, it is of vital importance for practitioners to be in the know of the common red flags and pitfalls to avoid potential liability claims and other financial damages.
The current global health crisis brought by COVID-19 continues to radically modify important economic activities across the world. In response to the pandemic, the representations and warranties (R&W) insurance landscape has also started to witness notable developments, specifically in relation with COVID-19-related exclusions and due diligence expectations.
The construction industry has been hounded by unprecedented threats and other legal pitfalls. Various claims for damage to property or persons arising from construction projects, often expose companies and individuals to the risk of costly litigation. In order to prevent or limit risks arising from such claims, general contractors, subcontractors, and owners must adopt an insurance program that will effectively mitigate the risks of claims and potentially provide a source for coverage and recovery.
