Blog Posts in February, 2016
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UNCERTAINTY HOVERING OVER UAS USE......ARE DRONES COVERED UNDER STANDARD HOMEOWNER'S INSURANCE POLICIES?
Posted By Parker, LLPTraditionally, drones, or unmanned aerial systems (UAS), bring to mind images of robotic aircraft armed with bombs or missiles patrolling some of the world’s deadliest regions. However, over the past few years, drone use has become increasingly recreational. So much so that drone sales were predicted to increase by approximately 50% from 2014 to 2015. The Consumer Electronic Association predicted ...Continue Reading -
Pennsylvania Federal Judge Overturns Heinz Jury Verdict, Rules in Favor of Insurer & $25 Million Policy Rescission
Posted By Parker, LLPH.J. Heinz Co. v. Starr Surplus Lines Ins. Co. – 2:15-cv-00631 On the first of February, 2016, federal Judge Arthur J. Schwab of the Western District of Pennsylvania overruled a jury verdict and held that Starr Surplus Lines Insurance (“Starr”) can rescind a $25 million policy the insurer had issued to H.J. Heinz Co. (“Heinz”). The policy would have provided coverage damages resulting from ...Continue Reading -
Texas Supreme Court Revamps Decades of Texas Precedent, Holds Loss-of-Use Damages Recoverable in Cases of Total Loss to Property
Posted By Parker, LLPJ&D Towing, LLC v. Am. Alternative Ins. Company Corp. – No. 14-057 Shortly after the New Year, the Texas Supreme Court issued a significant opinion for the Texas insurance community in J&D Towing, LLC v. American Alternative Insurance Corporation, 2016 WL 91201 (Tex. Jan. 8, 2016) . The Court’s opinion overrules over 60 years of contrary, although inconsistent, Texas case law. Specifically, Texas’ ...Continue Reading
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