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Forecast Homes, Inc. v. Steadfast Ins. Co.

In Forecast Homes, Inc. v. Steadfast Ins. Co., G040876, the California Court of Appeals for the Fourth District addressed the issue of whether the self-insured retention (SIR) provision in the insurance policy purchased by subcontractors allowed for indemnity to the general contractor.

The Court affirmed the trial court's holding that, in looking at the pertinent forms of the policy, only the named insured subcontractors, not plaintiff, had the right to satisfy the SIR per occurrence amounts and defendant's defense obligation had not been triggered. 

In affirming the judgment in favor of the defendant, the Court also ruled that the SIR endorsements did not violate public policy and were not illusory. 

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Full Text of Forecast Homes, Inc. v. Steadfast Ins. Co.