Why per-claim and aggregate limits matter

Does it really matter if your professional services agreement only requires your firm to carry professional liability insurance with a per-claim limit of $1,000,000? It may. The appropriate language for stating the limits of professional liability coverage under a policy is “per-claim with an aggregate limit.” No U.S. professional liability policy provides unlimited coverage during... Continue Reading →

Damages awarded in Chinese drywall suit

For those people whose homes and lives were affected by Hurricane Katrina, the toll was heavy. Unfortunately, some of those people were sideswiped again when faulty drywall manufactured in China was installed in rebuilt homes in Louisiana, Mississippi, Florida, Virginia, Alabama, and Texas. Chemicals in the drywall produced a strong odor in the homes and... Continue Reading →

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