The Maui wildfires are now the deadliest—and certainly among the most destructive—in modern US history, already outpacing the loss of life and impact on critical wildlife habitat/species of the 2018 Camp fire in California....more
As the insurance industry resists providing coverage for the spate of business interruption claims arising out of the COVID-19 pandemic, and coverage lawsuits are starting to spring up around the country, some federal...more
In this episode of OnRisk, K&L Gates attorneys John Sylvester and Paul Fuener discuss business interruption insurance for hurricane losses, highlighting important steps that policyholders can take to protect their interests...more
3/14/2018
/ All-Risks Insurance ,
Business Interruption ,
Commercial Insurance Policies ,
Flood Insurance ,
Forensic Accounting ,
Hurricane Katrina ,
Hurricane Season ,
Insurance Claims ,
Insurance Industry ,
Loss Coverage ,
Lost Profits ,
Natural Disasters ,
Proof of Loss ,
Property Damage ,
Property Insurance ,
Wind Damage
In recent years, we have commented on the various retroactive reinsurance transactions that Berkshire Hathaway and its subsidiary, National Indemnity Company (“NICO”), have entered into with ceding insurers regarding coverage...more
In a significant decision for Pennsylvania insurance law, the Pennsylvania Commonwealth Court has ruled that a “continuous trigger” of coverage applies to long-term, latent environmental property damage claims. Specifically,...more
Marine insurance policyholders should be aware that the laws governing marine insurance are not always favorable to them. A recent decision from the United States Court of Appeals for the Ninth Circuit is the latest example....more
On June 10, 2013, Governor John Kitzhaber of Oregon signed into law a significant amendment to the Oregon Environmental Cleanup Assistance Act, ORS 465.475 et seq. (the “OECAA Amendment”)....more