Most property insurance policies in the US are all-risk property damage policies. While the insurance proceeds are helpful to reopen or hire workers, many businesses rely on the money to keep going. Timothy Burns, a partner at the law firm Burns Bowen Bair, explains that insurers make money by selling protection and pocketing profits when material events do not occur. […]
Whether you need to ensure your business against natural disasters or investor lawsuits, you have likely seen some type of commercial insurance premium increase lawsuit recently. Commercial insurance premium increases are increasing for most types of businesses and industries. The reasons behind these increases can vary depending on the type of business, but some common factors include more litigation, jury […]
A class action lawsuit has been filed against Costco and Trident Seafoods Corporations, the makers of Kirkland Signature Wild Alaskan Fish Oil. This lawsuit alleges that the oil contains less than 40 percent of the omega-3 fatty acids it advertises. The oil also contains PCBs, which are contaminants that can damage your health. Learn more about the lawsuit in this […]
The Seventh Circuit recently joined other circuits in ruling in favor of insurers and dismissed COVID-19 business interruption lawsuits. The lawsuits arose from diversified industries and lacked sufficient evidence to support recovery. Here is a look at the issues involved. This article will focus on the recovery bar, lack of evidence, and exclusionary language. Also, we will discuss how COVID-19 […]
If you are seeking to obtain a COVID-19 PPP loan, there are several defenses you can use. One of them is the use of a legitimate loan. In other words, a legitimate loan can be used in another business. A third defense is the use of a PPP loan for a legitimate business purpose. In the case of a fraudulent […]
After suffering an injury while on the job, you’re going to be busy healing, which is what you should be focused on. Of course, your ultimate goal will be to return to work if possible, but it’s not going to be your primary focus until your injury is on its way to being fully healed. Unfortunately, your boss may need […]
If you believe that your tile installation was improper, you might be able to file a lawsuit. Many states have statutes of limitations for homeowners to file a claim, but in California, homeowners have 10 years to make their claim after the floor tiles were installed. Developers are also responsible for the installation of defective titles, and state contractor boards […]
In evaluating a disability insurance claim, a judge considers several factors. In particular, he or she looks at the attorney’s ability and reputation, the length of time the attorney has worked with the client, and the amount of compensation awarded in similar cases. A credit disability insurance lawsuit can result in a significant recovery for the disabled individual. In many […]
In this article, we’ll examine the history of the credit union auto loan markup and the current state of the law. As non-profit institutions, credit unions are much more flexible in the underwriting process and are more likely to work with you if you run into a rough patch. This article will also discuss why credit unions participate in arrangements […]