Source: http://www.lexology.com, July 21, 2015 By: John R. Casciano and Nina S. Thanawala, Steptoe & Johnson LLP In SI Venture Holdings LLC v. Catlin Specialty Insurance, No. 14-CV-2261, 2015 U.S. Dist. LEXIS 89925 (S.D.N.Y. July 10, 2015), the US District Court for the Southern District of New York, applying New York law, granted an insurer’s motion […]

Source: http://www.lexology.com, July 21, 2015 By: Ross A. Hoogerhyde, Gordon & Rees LLP Typically, design professionals’ errors and omissions insurance policies are claims-made and reported or claims-made policies. These policies, unlike traditional occurrence policies, provide coverage for claims made and reported during a predetermined period of time. With a claims-made policy, the making of a […]

Source: http://enewsletters.constructionexec.com, July 17, 2015 By: Jeff Slivka, New Day Underwriting Managers LLC Finally, the worst seems to be over and the marketplace is demonstrating sustainable growth, especially within the construction sector. Earlier this year, The American Institute of Architects predicted an 8 percent growth in commercial construction spending for 2015, primarily based on the ongoing […]

Source: http://www.irmi.com, July 2015 By: Jeff Slivka, New Day Underwriting Managers LLC If you have ever attended one of my seminars, you know I like to begin with a little test. I call it the Slivka Aptitude Test or SAT! I use it to gauge (sort of) the knowledge and backgrounds of the individuals in […]

Source: http://www.nj.com, July 17, 2015 By: Don E. Woods In the early 1900s, Kil-Tone Company produced London Purple and Paris Green — exotic names for arsenic-based pesticides used to kill mosquitos and other pests — at a facility on Chestnut Avenue. Although production of these pesticides ceased in the late 1930s, it left behind a legacy […]

Source: http://www.nj.com, July 20, 2015 By: Dan Ivers The city has reached an agreement with Dupont to settle lawsuits claiming the chemical giant failed to clean up a former factory in the Ironbound District laden that it left laden with toxic materials. Under the terms of the deal, DuPont will take steps to remediate environmental […]

Source: http://www.themarketbusiness.com, July 18, 2015 By: Christopher T. Ellis State and federal regulators are pressing U.S. coal companies to prove that they can pay for the cost of cleaning up after they are finished mining, putting new financial pressure on an industry already facing historic strains. Regulators even in energy-friendly states such as Wyoming and […]

Source: http://www.metrocorpcounsel.com, July 17, 2015 By: Martha N. Donovan, Margaret Raymond-Flood, Norris, McLaughlin & Marcus, P.A. Norris McLaughlin attorneys discuss the basics of environmental coverage law in New Jersey, Pennsylvania and New York under comprehensive/commercial general liability (“CGL”) policies. MCC: For companies in the NY/NJ/PA area, talk about some of the state-specific factors relating to […]

Source: http://patch.com, July 15, 2015 By: Eric Kiefer Condominium owners are alleging that Cypress Point on Clinton Street was built with “structural defects” that caused water damage. The developers of a 53-unit condominium building on Clinton Street in Hoboken may still be on the hook for allegedly faulty construction to the exterior of the building. […]

Source: http://www.propertycasualty360.com, July 16, 2015 By: William McElroy When thinking of environmental insurance, the usual suspects come to mind: companies that handle large volumes of toxic materials and firms involved in waste management. But recent natural and man-made disasters have led to significant environmental consequences for unprepared companies of all sizes and industries—construction, higher education, […]

Source: http://www.lexology.com, July 14, 2015 By: thomas J. Madigan, Pepper Hamilton LLP This article was originally published in the June 2015 issue of ConsensusDocs Construction Law Newsletter. The scenario is familiar to every contractor and supplier ever dragged into a lawsuit: The owner’s complaint against the general contractor contains a laundry list of problems with […]

Source: http://www.natlawreview.com, July 14, 2015 By: John S. Prisco, Stark & Stark A New Jersey trial court granted summary judgment in favor of Selective Insurance Company holding that the “continuous trigger” theory does not provide insurance coverage subsequent to the manifestation of damages that arose from a subcontractor’s negligence in the construction of a condominium […]