The National Flood Insurance Program is different from commercial insurance because all claims are paid from the treasury of the U.S. For that reason the NFIP is strictly construed by the federal courts.
Self-employed logger who also puts on rodeos sued his insurance agency, alleging that the agent was negligent in procuring a rodeo insurance policy with an animal exclusion, sending the case to the Supreme Court of New York.
May a third-party beneficiary of an insurance policy assert a negligence claim against the insurer and/or its agent arising from the policys procurement, rather than its fulfillment?
The verdict in Fire Insurance Exchange in Ballard v. Fire Insurance Exchange caused a pervasive fear of mold claims in the insurance industry. The fear was mostly misplaced.