The Colorado House of Representatives has passed a bill that may have the unintended consequence of driving insurers that provide contractors coverage out of state, according to the Professional Independent Insurance Agents of Colorado, Insurance Journal reports.
House Bill 1394 attempts to address a court decision in General Security Indemnity Company of Arizona v. MountainStates Mutual Casualty Company, 205 P.3d 529 (Colo. App. 2009), that excluded claims for certain construction defects claims and imposed no obligation to defend in a contractor’s professional liability insurance policy.
