Tag Archives: known-loss

If You Purchase Contaminated Property, Is It Covered?

Can a policyholder that knowingly purchases contaminated property be covered for the costs of cleaning up that property under policies of insurance issued before the purchase? Yes, according to a new unpublished decision from the Washington Court of Appeals. In 1999, the Port of Longview purchased property that had been used from the 1950s through … Continue Reading

Ninth Circuit Hands Oregon Policyholders a Major Win on “Known Loss”

In a June 25, 2015, to-be-published decision in Kaady v. Mid-Continent Casualty Co. the Ninth Circuit adopted a decidedly pro-policyholder interpretation of the oft-contested “known loss” provision that is standard in commercial general liability (CGL) policies, holding that an insured’s knowledge of damage to one part of a structure does not allow an insurer to deny coverage for … Continue Reading
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