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A statutory amendment that will take effect on July 1, 2010, will impose a new and potentially substantial burden on insurers that provide underinsured motorist (UIM) coverage especially in cases where liability is clear and the damages exceed the limit of the underlying liability coverage. Under the new subsection (l) to Va….

In the first case of its kind, Judge Doumar of the United States District Court for the Eastern District of Virginia rejected a claim that coverage was afforded under a homeowners policy for losses associated with Chinese drywall. TRAVCO v. Ward, ___ F. Supp. 2d ___, 2010 WL 2222255 (E.D. Va. 2010)….

Virginia UIM Insurers Obligated to Assume Cost of Defense – A statutory amendment that will take effect on July 1, 2010, will impose a new and potentially substantial burden on insurers that provide underinsured motorist (UIM) coverage especially in cases where liability is clear and the damages exceed the limit of underlying…