TLSS Partner Brian Bassett will be a featured panelist at the 2018 CLM New York Conference and Holiday Party. Mr. Bassett will be speaking on "When Little White Lies Lead to Big Gray Areas," an insurance coverage panel taking place December 12, 2018 at 3:30 PM.
Claim professionals, insurance agents, and coverage attorneys often overlook policy applications when analyzing coverage. But they should be reviewed in detail in any coverage analysis, as they reflect the intent of the parties and contain valuable information about how the policyholder described the risk to be insured. This is especially true where a professional applies for coverage. A policyholder that provides an incomplete description of its services or omits some aspect of its work should not be entitled to broad coverage.
The session featuring Mr. Bassett will address recent case law that illustrates how language in an application needs to be precise to avoid ambiguity. Panelists will also discuss when policy rescission may be an option to the insurer. The session will also cover how the Restatement of Liability Insurance treats misrepresentations in applications and the burden it attempts to place on insurers to rescind a policy.
CLM New York is a one-day conference that covers a wide range of important issues during interactive sessions. Taking place at the Sheraton New York Times Square Hotel, participants in CLM New York will learn about the latest developments and trends in coverage litigation as well as strategies for handling extra-contractual exposures. The conference concludes with an evening holiday party event, where industry professionals can network with other attendees.
