known loss provision News

‘Known-Loss’ Clause Doesn’t Negate Coverage for Property Damage to Work of Others Despite Insured’s Prior Knowledge of Damage to Own Work

The Ninth Circuit U.S. Court of Appeals, applying Oregon law, held on June 25, 2015 that a commercial general liability policy purchased three months after the subcontractor-insured inspected property damage to his own work still provided coverage for property damage …