reformation News

Viewpoint: Non-renewal, Cancellation, Reformation and Rescission of Insurance Policies in Texas

The Texas Legislature this year adopted House Bill 1900, which amends the notice requirements for non-renewal and policy changes in Texas Insurance Code Section 551.105. The statutory changes, effective Sept. 1, increase the notice period from 30 days to 60 …

N.Y. High Court: ‘Mutual Mistake’ Argument Came too Late to Support Judgment Against Insurer

New York’s highest court reversed a $4.5 million judgment against an insurer that denied a fire damage claim by the owner of a vacant commercial building because the owner had not installed an automatic sprinkler system required by the policy. …