self insured retention News

Excess Insurer’s Policyholder Had No Duty to Settle Suit that Resulted in $13M Verdict

An insurer cannot escape liability for its share of a $6 million payout because the retailer it insured refused to accept a settlement offer by a customer who who was struck by a forklift, a panel of the 7th Circuit …

Court Finds Rental Contract Shifted Liability for Lift Accident to Renter

United Rentals’ insurance carrier is not liable for damages caused by an accident involving one of its electric boom lifts because the small business that rented the equipment signed a contract that, in effect, placed all of the liability on …

$15M SIR Means Wrongful Convictions Place Pressure on Chicago’s Finances

For years, the Chicago Police Department has been trying to move past a shameful chapter characterized by coercion and brutality, shelling out multimillion-dollar settlements to men who were tortured into confessing to serious crimes they didn’t commit. But as the …

Self-Insured Retention on Policy Allows Insurer to Deny Contractor’s Claim

A general contractor was unsuccessful in its bid to gain coverage as an additional insured, due to a self-insured retention (SIR) endorsement on a subcontractor’s commercial general liability (CGL) insurance policy. In a decision issued by an Indiana appeals court …