Insurance Application Omissions Not Enough to Rescind Policy
1/19/16
By: Kristian Smith Insurers may need to pay closer attention to insurance applications. A Pennsylvania jury recently ruled that an insurer knew (or should have known) about omissions on an insurance application, preventing the insurer from rescinding the policy. In May 2015, H. J. Heinz Co. filed suit against Starr Surplus Lines Insurance Co. for…