The date of loss and date of discovery are key dates in any claim situation. Knowledge of damage to property is to be reported to insurers as soon as possible, and policies generally only pay for losses that occur during the policy period. Credit: Simon Annable/Shutterstock.com
The U.S. District Court for the District of Massachusetts has ruled that an insurer does not owe contribution to another insurer for the underlying defense of a mutual client because the first insurer is not obligated to defend the underlying suit. The case is Arch Specialty Ins. Co. v. Colony Ins. Co., 590 F. Supp. 3d 395 (D. Mass. 2022).
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