Insurance
Feb. 25, 2010
Ruling Offers Insurance Companies Way Out
General counsel John McGill says the 4th District has provided insurance companies with instructions for avoiding their obligations to pay.
By John McGill
It's not every day that a monkey wrench can be thrown with such accuracy and do as much damage as the 4th District does with its decision in Forecast Homes Inc. v Steadfast Insurance Co. (2010 DJDAR 2379). Using nothing more than the (very) literal interpretation of an insurance policy's language, the court has now provided insurance companies with instructions for avoiding their obligations to pay under an additional insured endorsement....For only $95 a month (the price of 2 article purchases)
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