Paul Walker-Bright

Paul Walker-Bright

Reed Smith

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Proving Your Business Income Loss: Defeating Insurance Company Challenges to Policyholder Evidence

Courts commonly observe that the purpose of Business Interruption or Business Income insurance is to put the policyholder in the same position it would have been in had there been no interruption. The Business Interruption...more

3/18/2015 - Business Income Business Interruption Commercial General Liability Policies Daubert Ruling Evidence Expert Witness Forensic Accounting

Time to File Proof of Claim with Lumbermens in Liquidation

November 10, 2014, is the deadline for filing proof of claims with the Office of the Special Deputy Receiver in Illinois regarding the estates of Lumbermens Mutual Casualty Company, American Manufacturers Mutual Insurance...more

11/5/2014 - Commercial Bankruptcy Filing Deadlines Insurers Lumbermens Insurance Proof of Claims

Policyholders with Long-Tail Claims Under Liberty Mutual Policies Should Be Prepared for 'Sea Change' in Claims Handling After...

On July 17, 2014, Liberty Mutual Insurance Company announced that it had entered into a multi-billion-dollar “retroactive reinsurance” arrangement with National Indemnity Company (“NICO”), a subsidiary of Berkshire Hathaway,...more

7/21/2014 - Asbestos Berkshire Hathaway Liberty Mutual Insurance Company Long-Tail Claims National Indemnity Company Reinsurance

Disaster and Business Interruption Coverages in the Wake of the Polar Vortex

The “Polar Vortex” created severe cold weather conditions and record low temperatures across most of the United States. Many businesses suffered property damage or loss of business as a result of weather-related shut downs,...more

1/20/2014 - Business Interruption Insurers Natural Disasters Polar Vortex Property Damage

Lennar Corp., et al. v. Markel Am. Ins. Co., No. 11-0394 (Tex. Aug. 23, 2013): Texas Supreme Court Affirms 'All Sums' Allocation...

On August 23, 2013, in Lennar Corp., et al. v. Markel Am. Ins. Co., the Texas Supreme Court issued an opinion that confirms two important aspects of pro-policyholder insurance law, despite insurers’ repeated attempts to...more

8/28/2013 - Construction Defects Construction Disputes Insureds Insurers Prejudice Voluntary Payments

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