Virtual University

The ISO CLM specifies how a subcontractor exposure is to be charged, depending on whether the subcontractor is adequately insured or not. If adequately insured, premium is calculated on a…

Recently, our “Ask an Expert” service received a rash of “cross liability” questions. The term “cross liability” deals with whether or not one insured can sue another under a liability…

While there can be disagreement over the amount of recovery, the valuation of claims under most property and inland marine forms is a fairly straightforward process. In most cases, the…

How does a tenant protect himself against the building owner (or the owner’s carrier) who is seeking to recoup the cost of reconstruction to the building, in excess of the…

A third party files a claim demanding replacement of property negligently damaged by your insured. Does the CGL policy respond on a replacement cost (RC) basis or actual cash value…