Insurance Coverage Law

Commercial Property Insurance Policies generally protect against loss of business income resulting from a covered cause of loss. By 2022, over two thousand lawsuits were filed against insurance companies by businesses that suffered loss of income due to the COVID-19 pandemic. See, https://cclt.law.upenn.edu The large majority of these cases were either filed or removed to Federal courts across the country and eventually dismissed based on the insured's failure to prove that t

An insurance policy is a contract and falls under the same legal principles that govern contracts in general. According to Michigan law, a contract can be rescinded under certain conditions, and recently, insurance companies have increasingly sought rescission of insurance policies as a remedy. However, the requirements for an insurance company to achieve rescission are stringent and involve multiple conditions. Typically, an insurance company seeks to rescind a policy when i

Many years ago, professional liability insurance was primarily intended for individuals in the “learned professions,” such as medicine, law, engineering, and accounting. However, as the service sector of the economy grew, there was a greater need for specialization, regulation, and licensure in other service fields, leading to a demand for professional liability coverage beyond these traditional areas. Initially, this expansion included coverage for insurance agents and finan

In Michigan, Public Adjusters may charge up to 10% of the recovery made under a homeowners' policy for property damage claims. The State of Michigan Department of Insurance and Financial Services defines an Adjuster for the Insured (public adjuster) as "An individual allowed by license to contract with and represent the insured who have suffered losses covered by insurance for fire and other hazards. Adjusters for the insured may not adjust workers' compensation losses." The