Business Interruption

Three Steps To Protect Against The Costs Of Supply Chain Disruptions Caused By Mississippi River Flooding

by Jonathan M. Cohen | Gilbert LLP on 5/3/2013

In late April 2013, parts of the Mississippi River flooded from an unexpected spate of rainfall that sent the water’s peak, just North of St. Louis, to eleven feet above flood stage. The extreme conditions reportedly caused...more

Hurricane Sandy's Civil Authority Issues Bear Watching by Reinsurers

by Seth Jackson | Zelle Hofmann Voelbel & Mason LLP on 4/16/2013

As both insurers and reinsurers are well aware by now, the destructive path left by Hurricane Sandy in many Northeast states such as New York, Connecticut, and New Jersey was devastating. To date, reports have estimated...more

Superstorm Sandy: You May Still Be Entitled to Coverage, Even if Your Business Did Not Have Flood Insurance

by Joseph Jean, Steven Morris | Lowenstein Sandler LLP on 3/1/2013

Superstorm Sandy devastated the East Coast last October, causing more than $70 billion in damage to New York, New Jersey and Connecticut. Thousands of businesses suffered extensive property damage to their buildings, contents...more

Only A Matter of Time – Prepare For Geomagnetic Storms

by Jason Reeves | Zelle Hofmann Voelbel & Mason LLP on 2/22/2013

Originally published in Insurance Law360 on February 21, 2013. Geomagnetic storms present a unique risk to power grids, power grid customers and insurers. The modern world, and particularly the East Coast of the U.S., is...more

Ten things to do in the wake of this past weekend's severe winter weather

by Sarah Biser, J. Wylie Donald, Ira Gottlieb, Joel Horowitz, Nicholas Insua, Alan Kornstein, Pamela Moore, Robert Rubin | McCarter & English, LLP on 2/21/2013

The recent severe winter weather left behind legal and financial problems even deeper than the snow. But it may also have presented you with resources for help that you weren't previously aware of. Businesses may wish to act...more

Sandy Claims Likely to Test Examination Under Oath Provisions in Property Insurance Policies

by Lynda A. Bennett, Andrew S. Zimmerman | Lowenstein Sandler LLP on 2/14/2013

In the months ahead, disputes are likely to increase over insurance companies’ requests for an “examination under oath” (EUO) for Superstorm Sandy claims. Policyholders need to know that there are limits to how much...more

Lessons From Past Give Guidance To Sandy-Related Claims

by Kaisa Adams, Thomas Caswell, III | Zelle Hofmann Voelbel & Mason LLP on 1/16/2013

Originally published in Insurance Law360 on January 15, 2013. In the aftermath of Hurricane (or post-tropical cyclone) Sandy, insurers and insureds alike will face a number of complicated insurance coverage issues, to...more

How to Maximize Your Insurance Recovery for Property Damage, Business Interruption, and Supply Chain Losses After Superstorm Sandy

by King & Spalding on 11/9/2012

It has now been over a week since Superstorm Sandy decimated the northeastern United States. Major rail, trucking, and shipping portals of the Port Authority of New York and New Jersey were incapacitated for nearly a week,...more

Your Home and Business After Hurricane Sandy: 3-Point Bulletin

by Cozen O'Connor on 11/6/2012

A natural disaster can leave you and your business mired in financial uncertainty and insecurity. Assessing conditions, values, and assistance need is critical to both short- and long-term recovery. Below are important steps...more

As the Insurance Industry Responds to Recent Catastrophic Losses, is Your Business Prepared to Weather the Perfect Storm? Tips for...

by King & Spalding on 6/12/2012

2011: A Record Breaking Year for Property and Business Interruption Losses Catastrophic events in 2011 caused an estimated $380 billion in global economic losses. These losses were nearly two-thirds higher than the...more

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