• Will Your Insurance Help? The Coming Wave Of Defects Litigation
  • March 21, 2011 | Author: Marla H. Kanemitsu
  • Law Firm: Dickstein Shapiro LLP - Washington Office
  • Insurance Coverage Practice Partners Linda Kornfeld and Marla Kanemitsu discuss the value of insurance for defendants caught in the likely flood of construction defect suits during the next five years. Following the construction boom of the early 2000s, the authors predict a major uptick in ninth-year lawsuits as many states’ 10-year statutes of limitation on defect claims soon will be expiring. Linda and Marla highlight potential insurance resources and common insurer defenses, and encourage policyholders to evaluate their policies and applicable law to confirm coverage, which provides defense and indemnity protection and often exists in places where insurers claim there is none.