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I’ve been involved lately in a case that frankly has me stumped.

Here’s the problem:

1.  The policy contains an “Additional Insured Required By Written Contract” endorsement.

2.  Prior to the issuance of the policy was issued, the Named Insured had contracted with ACE Corporation that had various subsidiaries.

3.  After the policy was issued (but before the accident occurred), ACE Corporation sold the former subsidiary.

4.  Suit has now been filed against the former subsidiary, which is seeking as an additonal insured, claiming the loss arose out of the work performed on its behalf by the named insured.

Under these circumstances, has the subsidiary lost the right that it possessed as of the date the policy was issued?  In other words, where a party gains AI status through a blanket endorsement of this sort, do the rights vests for the entire policy period or can the claimant lose its coverage rights through events that, had they existed at the outset of coverage, would have eliminated any right to coverage.

This is one of those legal issues where the answer seems clear but I’m darned if I can find a case on one side or the other.  If you have case law or thoughts on the issue, please contact me at

Thanks all.

Along with the hot wheels, cool trim, leather interior and killer sound system, your sports car came with another line item add-on that wasn’t part of the MSRP: sports car automobile insurance. Insuring your shiny fast ride can add thousands of dollars to cost of ownership over the life of the car…unless you’re a savvy shopper. Here’s what you need to know to help you find cheap sports car insurance (or at least reasonably priced). For starters, different insurance companies have different definitions of what is and isn’t a sports car. This is typically based on a VIN (vehicle identification number) system published by the Insurance Services Office or the company’s own ranking system. Either syst

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Being a small entrepreneur is sometimes hard, although it is a rewarding initiative and the satisfaction of doing something for you is immense. However, if you work with people, or you work in an area that implies responsibilities, you should be covered with a liability premiums for professionals policy.

This insurance policy has more coverage options than expected. You will need this type of coverage if you are a lawyer, a doctor, or even a driver or a safeguard. People today have the tendency to take any matter into court, and you will never guess when one of your clients would sue you. The reasons are numerous, and sometimes those clients win their cases. Read more…

The organization representing state insurance commissioners is promoting life insurance as an “overlooked” potential source of immediate funds.

Adam Hamm

“In tough economic times, people look everywhere — an IRA or 401(k), credit cards, even under their mattress — for emergency cash,” according to a National Association of Insurance Commissioners statement.

A recent NAIC survey found that 63% of consumers have life insurance, yet it is often forgotten as a source of revenue.

When thinking about everyday finances, life insurance is not top of mind for most Americans, said Adam Hamm, NAIC vice president and North Dakota insurance commissioner, in the statement. According t

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Hundreds of readers contact Your Problems every year because they have lost money – through staff incompetence, misunderstanding and lack of commonsense. Sometimes they suffer deliberate deception and occasionally outright fraud. Well known company names appear frequently although a few lesser known outfits account for a disproportionate volume of my mail bag. These companies employ pushy telephone sales staff who are skilled at persuading people to divulge their bank account details.

It is more than a year since I last wrote about Yes Loans of Cwmbran. Since then, the Office of Fair Trading has said it is minded to revoke the company’s credit licence and is conducting an independent investigation. Y

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Protection is a natural instinct. We throw our arms across our children when anticipating a car wreck; we double-check the stove, iron and electric blanket to make sure they’re all off before leaving the house; we worry about giving credit card information out online.

One form of legal protection that has been increasing in popularity since the 1970’s is pre-paid legal services, and it is the result of that same, natural inclination towards protecting ourselves, those around us, and the possessions and careers we have worked so hard to build.

There are, however, both pros and cons where pre-paid legal services are involved. Fir

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The trusty van is the workhorse of many businesses and sole traders the length and breadth of Ireland. Finding the right van insurance is an important decision for any van owner as having good cover in place will help you get back on the road quickly if anything happens.

It’s over five years since I last sold an AXA Van Insurance policy. So I decided to nip downstairs to the AXA Dublin call centre and ask our customer service agents why people are choosing AXA for their van insurance.

Pat Grimes, AXA Customer Service

I met with Pat Grimes, a member of the AXA Customer Service team. P

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An investigation by Which?, the consumer group, has accused insurers of changing terms after the policies are sold, often leaving British travellers without any cover.

The report found cases of people who had their medical cover removed even though their doctor said they were fit to travel, and were left travelling with no insurance.

Some then lost all medical cover because of a new minor illness.

But the Which?

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