Posts tagged Property Management.
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In a recent client alert, Hunton Andrews Kurth LLP real estate attorney Laurie Grasso and insurance attorneys Geoffrey B. Fehling, Cary D. Steklof, and Evan J. Warshauer discuss the important lesson real estate companies and their officers and directors can take away from the Illinois federal district court’s decision in Old Guard Insurance Company v. Riverway Property Management, LLC et al., No. 1:23-cv-01098 (C.D. Ill. Sep. 6, 2024). The court found a commercial general liability insurer had no duty to defend or indemnify a property management company or its owner in lawsuits that included allegations of intentional conduct, holding that the allegations did not fall within the policies’ definition of occurrence, which required “an accident.”

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