Any company, particularly if conducting business is a highly regulated industry, risks being served with a subpoena or a civil investigative demand (collectively, “CID”) from a governmental agency or entity. As set forth...more
8/22/2023
/ Board of Directors ,
CID ,
Civil Investigation Demand ,
Corporate Officers ,
D&O Insurance ,
Government Investigations ,
Insurance Claims ,
Insurance Industry ,
Notification Requirements ,
Professional Liability Insurance ,
Subpoenas
A recent insurance coverage decision from the United States District Court for the Northern District of Georgia highlights the difficulties of court interpretation of insurance policies and serves as a warning for contractors...more
The Lloyd’s Market Association (the “LMA”) recently released four model clauses to exclude coverage for “war” from cyber insurance policies. The exclusions align with the requirement that all insurance policies written at...more
The massive economic disruption caused by the novel coronavirus pandemic raises questions about insurance coverage for business interruption losses from communicable disease. Does viral contamination constitute the “physical...more
Commercial property insurance policies frequently include business interruption or loss of business income coverage when a covered “cause of loss” creates a slowdown or reduction in business income. Companies suspending...more
In the first part of the series “The Mortgage Servicer’s Role in Navigating Insurance Claims,” we covered assessing property damage and applying insurance proceeds in compliance with the terms of the standard mortgage...more
10/24/2017
/ Anti-Concurrent Causation Clauses ,
Flood Insurance ,
Hurricane Harvey ,
Insurance Claims ,
Loans ,
Mortgage Lenders ,
Mortgage Servicers ,
National Flood Insurance Program ,
Natural Disasters ,
Property Damage ,
Property Insurance
In the first part of the series “The Mortgage Servicer’s Role in Navigating Insurance Claims,” we covered assessing the damage in the wake of a natural disaster and applying the proceeds when complying with the terms of...more
Following the recent hurricanes that have damaged many homes beyond repair, borrowers may seek to apply any available insurance proceeds to satisfy the outstanding balance on their loans rather than repair the property....more
10/10/2017
/ Borrowers ,
Contract Terms ,
Fannie Mae ,
Freddie Mac ,
Hurricane Harvey ,
Hurricane Irma ,
Hurricane Maria ,
Insurance Claims ,
Lenders ,
Loans ,
Mortgage Servicers ,
Property Insurance ,
Repairs