self insured retention News

$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 …