Archive for July, 2014

Insurance as a Commodity

Earlier in my blog I theorized that “Risk Bearing”may be a “Commodity”.  Recent events have led me to believe this is not a true statement.   Different insurers, even in Personal Lines, are deviating from standard forms and coverage.  Only an experienced professional is going to know this.   Product differentiation between insurers renders “Risk Bearing” a risky purchase.

Consumers NEED advice as well as insurance.

Food Trucks and GL

January 27, 2014
Mealey’s Insurance – Panel: Court Erred In Ruling Food Truck Was ‘Auto’ And Not ‘Mobile Equipment’

LOS ANGELES – A California appellate court on Jan. 27 ruled that a commercial general liability insurer has a duty to defend and indemnify a food truck lessor insured against a products liability lawsuit, further finding that, contrary to the lower court’s ruling, the insured’s auto insurer is not liable because its policy’s completed operations provision bars coverage for products liability claims (American States Insurance Co. v. Travelers Property Casualty Company of America, et al., No. B243003, Calif. App., 2nd Dist., Div. 5; 2014 Cal. App. LEXIS 74).

Court Decides Food Truck Was “Mobile Equipment” Covered by CGL Policy