Imagine owning a vast portfolio of properties but using only a fraction of them, all while piling up billions in unpaid, compounding maintenance bills. This is the reality for the federal government, where the cost of office space has ballooned, and infrastructure is aging faster than we can keep up. Let's pull back the curtain on federal real estate and see what's really going on and why it matters to you. The Current State of [...]
Construction projects commonly transfer the risk of third-party claims through indemnification and additional insured coverage under commercial general liability policies. A recent decision out of the New York Supreme Court Appellate Division – Second Department further restricted access to additional insured coverage by imposing a privity of contract requirement. The court in New York City Housing Authority v. Harleysville Worcester Insurance interpreted an additional insured endorsement to require privity of contract between the named insured and the [...]
The New York Appellate Division, First Department, recently revisited several legal principles of Article 3-A of the New York Lien Law in the case of Flintlock Construction Services, LLC v. HPH Services, Inc., 230 A.D.3d 446 (1st Dept. 2024). The court's ruling provides important clarifications on personal liability, standing in trust asset diversion claims, and the conditions under which punitive damages may be awarded. A key aspect of this case is the court's affirmation of the [...]