Under the bill, joint and several liability rules would be modified so that businesses are required to pay economic damages in proportion to their share of fault in an incident. However, if a business is found to be more than 50% at fault, it would remain responsible for the full economic damages. Noneconomic and punitive damages would be apportioned based on each party’s level of fault.
This extra insurance called “Accidental death & disability rider” helps if the insured has a permanent disability or dies unexpectedly from an accident. It’s useful if you work in a high-risk job, do extreme sports or travel often. It helps you pay for medical expenses, lost income because of the accident, lump-sum payment for costs,…
Following those filings, both BOEM and UNOCAL issued claims under the bonds, prompting US Fire to demand collateral from the indemnitors, as permitted under Paragraph 3 of the indemnity agreement. That provision allows the insurer to demand irrevocable letters of credit or other forms of security, at its sole discretion, upon receipt of claims—even before…
Moving from Summer to Fall brings many changes: back to school, leaves changing colors, football, cooler weather, etc. It’s also a time to prepare your home and auto for the colder months ahead. Here are some essential tips for homeowners: 1. Clean Your Gutters – remove leaves and debris to prevent clogging, which can lead…
