The Supreme Court of Texas delivered good news to policyholders insured under a “Joint Venture Provision” endorsement commonly used in the oil and gas industry. In Anadarko Petroleum Corp. v. Houston Casualty Co.—a case...more
Hurricane Harvey and its associated rainfall have simply devastated much of southeastern Texas. Many areas were left inaccessible, or without water or power services. Evacuation and curfew orders limited travel and...more
9/1/2017
/ Business Interruption ,
Commercial General Liability Policies ,
FEMA ,
Flood Insurance ,
Hurricane Harvey ,
Insurance Claims ,
Loss Mitigation ,
Natural Disasters ,
Notice Requirements ,
Proof of Loss ,
Property Damage ,
Property Insurance ,
Severe Weather
As Hurricane Harvey continues to wreak historic damage in Texas, recent updates to a state law dealing with the responsibilities of insurers are scheduled, by sheer coincidence, to take effect this Friday, September 1, 2017....more
8/31/2017
/ Attorney's Fees ,
Business Interruption ,
Claim Procedures ,
Commercial General Liability Policies ,
Denial of Insurance Coverage ,
Hurricane Harvey ,
Insurance Agents ,
Insurance Code ,
Interest Rate Adjustments ,
New Legislation ,
Penalties ,
Property Damage ,
Written Notice
Before 2008, the greater Dallas Fort Worth area, known as the Fort Worth Basin, was almost entirely void of seismic activity. Between 1950 and 2008, the only seismic activity on record was an insignificant event that experts...more