In Part 1 of this series, we introduced the Federal Acquisition Regulation’s (FAR) approach to insurance and risk allocation in federal procurement, focusing on FAR Part 28 and the insurance-related clauses in FAR Subpart 52.228. That post explained how the FAR uses insurance requirements to allocate risk between the government and its contractors. In Part
This is the second in a series of discussions about insurance issues unique to the Lone Star State.
Both bankruptcy and the ability for a policyholder to assign its first-party, bad-faith claim against its insurer can be critical methods of risk mitigation. In our last post on Insurance – Texas Style, we looked at
In Part 1 of this series, we introduced the Federal Acquisition Regulation’s (FAR) approach to insurance and risk allocation in federal procurement, with a focus on FAR Part 28 and the insurance-related clauses in FAR Subpart 52.228. That introductory post surveyed the FAR’s insurance framework and identified three recurring categories of insurance that frequently appear
The Federal Acquisition Regulation (FAR) is a comprehensive set of regulations governing federal procurement — prescribing how agencies acquire goods and services and how contractors compete for, win, and perform government contracts. This encyclopedia of federal procurement addresses everything from debriefing rights to small business subcontracting requirements to how agencies should evaluate proposals. It also