L Squared Insurance Agency Blog: rescission
View the latest blog posts from L Squared Insurance Agency.
Monday, January 29, 2018When does misrepresentation or non-disclosure on the attorney malpractice insurance application cross the line between having coverage declined to having the coverage rescinded? Having coverage declined because of properly disclosing application information is a problem. READ MORE >>
Thursday, December 21, 2017 Rescission of insurance coverage normally results from a material misrepresentation on the application for coverage. But what does this actually mean. There are a number of ways where issues come up that cause the malpractice insurer to want to get off of an exposure. READ MORE >>
Thursday, June 15, 2017In Continental Casualty Company (CNA) v Joseph J Boughton Jr, CNA was allowed to rescind coverage even after CNA agreed to pay $12,500 to reimburse one of the accounting firm’s owners for his legal costs. The CPA firm Marshall Granger & Co LLP was jointly owned by Mr. Laurence M Brown & Ronald J Mangini. READ MORE >>
Monday, February 6, 2017It is not always clear when the line of misrepresentation or non-disclosure on the Lawyers Professional Liability Insurance application crosses the line between having a specific claim denied to having the coverage rescinded. READ MORE >>
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