insurance contract News

La. Supreme Court Upholds Forum Selection Clause in Insurance Contract

About the photo: The Juban Crossing shopping center occupies 1.2 million square feet in Denham Springs, off of Interstate 12 east of Baton Rouge. In a split decision, the Louisiana Supreme Court overturned a trial court and ruled that the …

American Claims Management Awarded Vail Resorts’ Ski Pass Insurance Contract

San Diego, CA, December 10, 2014 –Vail Resorts, Inc. selected national third party administrator (TPA), American Claims Management Inc. (ACM) to manage its ski pass insurance claims. Vail Resorts is the premier mountain resort company and a leader in luxury, …

Insurance Capacity for Oil & Gas Is Plentiful but Contract Wording May Be Tricky

The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their efforts to understand the wording in …

New York Court of Appeals Reverses K2 Decision

The New York Insurance Association (NYIA) announced that the Court of Appeals reversed its decision in the case of K2 Investment Group v. American Guarantee & Liability Insurance Company. The new decision upholds the principle that an insurance policyholder is …

Florida Court Reaffirms Extrinsic Evidence is Not Permitted to Resolve Ambiguity in an Insurance Contract

In Washington National Ins. Corp. v. Ruderman, 117 So.3d 943 (Fla. 2013) the Eleventh Circuit United States Court of Appeals certified a question to the Florida Supreme Court asking the following question: “If an ambiguity exists in [an] insurance policy …