News & Analysis as of

Property Insurance Property Damage

Assignment of Benefits Legislation in Florida

by Carlton Fields on

The practice known as the Assignment of Benefits (AOB) is a big problem for Florida property insurers. AOBs have been driving up the cost of property insurance claims in the state for several years....more

Rebuilding After Hurricanes Harvey and Irma: Recovery Through Tax Deductions

by Bowditch & Dewey on

It is estimated that less than 20% of those affected by Hurricane Harvey, and a week later Hurricane Irma, had flood insurance. Home owner’s and renter’s insurance policies exclude damage caused by floods. Those affected...more

US: Temporary Extension of the NFIP in wake of Hurricane Harvey

by Hogan Lovells on

On September 8th, just days after Hurricane Harvey decimated the Houston metropolitan area, and while many Florida residents were evacuating as Hurricane Irma approached, President Trump signed into law the Continuing...more

Handling Assignment of Benefit ("AOB") Claims in the Wake of Hurricanes Irma and Harvey

Hurricanes Irma and Harvey have damaged large areas of Florida, Texas, and Louisiana, as well as brought heavy rain and wind to Georgia, North Carolina, and South Carolina. As insurers handle thousands of property damage...more

Why Do I Have A Hurricane Harvey Claim From Hoboken?

by Zelle LLP on

As businesses and insurers sort out the impacts of Hurricane Harvey, it will take time to assess the physical damage and resulting business interruption losses. Invariably, however, business interruption impacts from Harvey...more

Ten Tips to Preserve First-Party Coverage for Losses Arising from a Hurricane

by Reed Smith on

After a major hurricane, when people move from the press of survival and immediate recovery to rebuilding, insurance plays a critical part. In particular, “First Party” or “Property” Insurance – covering policyholders for the...more

Hurricane Harvey and Irma: Is Your Company Prepared for a Disaster? The Property and Business Interruption Insurance Checklist

An unexpected or catastrophic loss can force any company out of business, even if it is insured. You must understand your company’s risks and how your insurance policies cover those risks in order to manage them and maintain...more

Texas Department of Insurance Issues Additional Bulletins Relating to Hurricane Harvey

Last week, we wrote a post about a number of bulletins of potential interest to property insurers issued by the Texas Department of Insurance concerning the appropriate conduct of those involved in the insurance claims...more

Reed Smith Hurricane Harvey Disaster Relief Resources Guide

by Reed Smith on

As individuals and businesses begin the difficult clean-up and rebuilding process in the aftermath of Hurricane Harvey, many companies are asking what they can do to assist their impacted employees. In many instances,...more

Important Lessons from Adjusting Hurricane Claims

The number of claims arising from a significant wind event such as Hurricane Irma can create intense time pressure on insurers and their adjusters. The insurer must promptly acknowledge each claim and make prompt inspection....more

Hurricane Irma: Maximizing Insurance Recoveries

Hurricane Irma’s epic scope and wind speed suggest that affected businesses and other organizations take immediate and proactive steps to maximize insurance recovery....more

Hurricane Harvey Recovery Tips for Maximizing Coverage

San Francisco Darren Teshima, Co-Leader of Orrick's Complex Litigation and Dispute Resolution practice, litigates high stakes disputes on behalf of clients in the financial and technology sectors and advises corporate...more

Hurricane Irma Losses—Important Insurance Coverage Considerations

by K&L Gates LLP on

Hurricane Irma is on its way. It is expected to impact northern Puerto Rico Wednesday afternoon, and to make landfall somewhere in the southern continental United States later this week. It is already being called the most...more

Hurricane Preparedness: Last Minute Tips

by Roetzel & Andress on

With Hurricane Irma’s track still uncertain, Associations are in the process of executing their preparedness plans. If you are worried that your preparedness plan is out-of date, here are some checklist items that you still...more

HB1774 - Insurers May Elect to Adopt Adjusters’ Liability

by Zelle LLP on

The applicability of Texas House Bill 1774 to Hurricane Harvey claims has been a hot topic in the press and on social media. This legislation, which became effective on September 1st, will apply to all Hurricane Harvey...more

Hurricane Harvey and Concurrent Causation in Louisiana

by Zelle LLP on

As bands of heavy rain from Hurricane Harvey move toward southwest Louisiana, damage from wind, rain and flooding is likely to affect the already storm-weary Pelican State. Anticipated damage is expected to fall into three...more

Hurricane Hindsight is 20/20

It took years of depositions and other discovery to realize that that most of my 2004-2005 hurricane condominium association claims were much simpler to defend than I thought. The center of gravity of these claims was the...more

Picking Up the Pieces: Important Insurance Coverage Considerations for Losses Caused by Hurricane Harvey

by K&L Gates LLP on

While the full extent of damages caused by Hurricane Harvey is unknown , a clearer picture of the disaster is starting to emerge. It is widely expected that the costs from Hurricane Harvey will exceed Hurricane Katrina and...more

Hurricane Harvey: Immediate Considerations for Impacted Public and Non-Profit Entities

by Baker Donelson on

At this time, immediate lifesaving response activities have priority. As soon as they are able, impacted public and non-profit entities must consider the available resources to help defray costs, including insurance and...more

New Law That May Affect Hurricane Harvey Claims Takes Effect Sept. 1

by Holland & Knight LLP on

While insurance claims may be far from the first priority for clients affected by Hurricane Harvey, a new law takes effect on Sept. 1, 2017, that may affect first-party property insurance claims stemming from Harvey, floods...more

Hurricane Harvey: Insurance Implications [Updated]

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

When Perils Combine – Concurrent Causation and Texas Law

by Zelle LLP on

Hurricane Harvey is the strongest hurricane to hit the Texas coast in over 55 years. Like all hurricanes, in some locations Harvey produced strong winds causing wind uplift and projectile property damage. Such damage was...more

New Texas Insurance Code Chapter 542A, Effective September 1, 2017, May Reduce The Number of Harvey Lawsuits

Recently, the Texas legislature acted to curb abusive lawsuits filed by insureds as a result of hailstorm and other property insurance claims. According to the Executive Director of The Texas Coalition for Affordable...more

Hurricane Harvey Client Alert: Insurance Considerations

by Morgan Lewis on

Amid the immediate concerns of public safety and restoring business operations, companies can take certain steps to protect their insurance assets....more

Maximizing Insurance Recoveries for Hurricane Harvey Losses

by Jones Day on

With Hurricane Harvey having pummeled much of the Texas Gulf Coast, businesses will soon look to secure insurance recoveries for the estimated billions of dollars in property damage and business income losses left in its...more

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