A divided Ohio Supreme Court recently held that in lawsuits brought against insurance agents for negligent failure to procure insurance, the statute of limitations in Ohio begins to run when the policy is issued. In LGR Realty, Inc. v. Frank & London Ins. Agency,...
Month: May 2021
MASSACHUSETTS SUPREME JUDICIAL COURT FOLLOWS THE MINORITY RULE IN ESTABLISHING PRIORITY OF COVERAGE BETWEEN TRUE EXCESS POLICIES AND DE FACTO EXCESS POLICIES IN THE AUTOMOBILE LIABILITY CONTEXT
As an issue of first impression, the Massachusetts Supreme Judicial Court adopted the minority rule on priority of coverage, holding that after a primary automobile liability policy is exhausted, true excess policies and policies that are excess by virtue of other...
OHIO SUPREME COURT DETERMINES THE ACCRUAL OF THE STATUTE OF LIMITATIONS FOR FAILURE TO PROCURE INSURANCE CASES BROUGHT AGAINST AGENTS
A divided Ohio Supreme Court recently held that in lawsuits brought against insurance agents for negligent failure to procure insurance, the statute of limitations in Ohio begins to run when the policy is issued. In LGR Realty, Inc. v. Frank & London Ins. Agency,...