Hunton Insurance Recovery Blog

This year has seen a renewed focus on tariffs, especially on construction materials such as steel and aluminum.

The Texas legislature recently passed SB 840, which now heads to Governor Abbott’s desk for signature.

Over the course of the last few years, applications to convert existing retail buildings into residential use have surged throughout the country.

In a recent client alert, Hunton Andrews Kurth LLP real estate attorney Laurie Grasso and insurance attorneys Geoffrey B. Fehling, Cary D. Steklof, and Evan J. Warshauer discuss the important lesson real estate companies and their officers and directors can take away from the Illinois federal district court’s decision in Old Guard Insurance Company v. Riverway Property Management, LLC et al., No. 1:23-cv-01098 (C.D. Ill. Sep. 6, 2024). The court found a commercial general liability insurer had no duty to defend or indemnify a property management company or its owner in lawsuits that included allegations of intentional conduct, holding that the allegations did not fall within the policies’ definition of occurrence, which required “an accident.”