Insurers often claim “economic damages” are not covered under a standard commercial general liability (CGL) policy. The Fourth District Court of Appeal’s decision in Thee Sombrero, Inc. v. Scottsdale Ins. Co., 28 Cal. App....more
4/26/2019
/ Appeals ,
Calculation of Damages ,
Commercial General Liability Policies ,
Commercial Property Owners ,
Conditional Use Permit ,
Default Judgment ,
Diminution in Value ,
Economic Damages ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Loss of Use ,
Negligence ,
Nightclubs ,
Property Damage ,
Reversal ,
Revocation ,
Security Guards ,
Shootings ,
Tangible Property
The legalization of cannabis in many states is helping the industry to become mainstream and gain access to insurance products taken for granted in other economic sectors.
But there is still a long way to go until the...more