Waiver of Subrogation Enforced, Denying Insurance Company Recovery against Contractor it Alleged was Grossly Negligent
Insurance Issues,Waiver of Subrogation
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In an insurance case arising out a church fire, a state supreme court held that Reliance National, and other insurance carriers of the church, were not entitled to subrogate against the contractor whose employee allegedly caused the fire, because a waiver of subrogation in the church’s contract with the contractor was enforceable to bar the [...]
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The Catastrophe and Waiver of Subrogation
Insurance - Waiver of Subrogation,Waiver of Subrogation
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The project was proceeding well. Suddenly, one night the structure inexplicably burns down. As usual, everyone says it was not their fault. Now what? If the construction contract contains a typical insurance clause, the owner’s property insurer pays the claim and the insurance proceeds can be used to fund the cost of demolition and reconstruction. [...]
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