As summer vacation rolls around and hotels, restaurants and other hospitality companies gear up for a busy tourist season, coastal businesses in the U.S. Southeast, Puerto Rico and the Caribbean may be welcoming an unexpected...more
Hurricane Ian struck Florida on September 28. By late afternoon, it was a Category 5 storm with top winds of 155 miles per hour, producing huge storm surges along a wide area of the state’s southwestern coast. Damage is...more
9/30/2022
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Commercial Insurance Policies ,
Documentation ,
FEMA ,
Hurricane Season ,
Infrastructure ,
Insurance Claims ,
Insurance Industry ,
Loss Mitigation ,
Natural Disasters ,
Property Damage ,
Property Insurance ,
Reimbursements ,
Severe Weather
The presence of virus on the premises that renders the property unsafe can cause physical loss or damage and trigger property coverage without any distinct, demonstrable physical alteration.
Juries, not judges, get to...more
Responding to the Texas Winter Storm Crisis: Issue 1 -
The world is witnessing yet another dramatic weather event, this time in the southern states, especially Texas. The severe winter conditions in Texas have caused...more
2/23/2021
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Commercial Insurance Policies ,
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Insurance Claims ,
Natural Gas ,
Power Grid ,
Presidentially-Declared Major Disaster Area (PDMDA) ,
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SBA ,
Severe Weather ,
Texas
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...more
In the wake of Hurricanes Harvey and Irma, policyholders can expect insurers to put forward strong objections to some of the most consequential claims asserted by insureds. -
Takeaways -
In construing policy language...more
9/15/2017
/ Business Income ,
Business Interruption ,
Commercial Insurance Policies ,
Contract Terms ,
Homeowner's Insurance ,
Hotels ,
Hurricane Harvey ,
Hurricane Irma ,
Insurance Claims ,
Policy Terms ,
Proof of Loss
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
9/11/2017
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Claim Procedures ,
Commercial Insurance Policies ,
Hurricane Harvey ,
Hurricane Irma ,
Insurance Claims ,
Natural Disasters ,
Notice Requirements ,
Proof of Loss ,
Property Damage ,
Property Insurance ,
Supply Chain
- It is essential to keep track of deadlines mandated under policies.
- Keep in mind that several types of insurance—not just property insurance—may cover flood and storm-related losses (such as property damage, loss of...more
3/1/2017
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Commercial Insurance Policies ,
Critical Infrastructure Sectors ,
Federal Grants ,
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Flooding ,
Loss Mitigation ,
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Property Damage ,
Property Insurance ,
Record Preservation ,
Storm Water ,
Wind Damage
After tearing through the Caribbean, Hurricane Matthew’s path brought it north to the Southeastern coast of the U.S., bringing evacuations, business closures and damages to the region. Florida, Georgia, South Carolina and...more
10/11/2016
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Commercial Insurance Policies ,
Expert Reports ,
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Homeowner's Insurance ,
Hurricane Matthew ,
Loss Mitigation ,
Popular ,
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Property Insurance ,
Supporting Documentation ,
Written Notice
South Carolina was recently pummeled by a devastating storm that Governor Haley described as happening “once in a thousand years.” Compounding the resultant flooding, many dam breaks exacerbated the catastrophic losses South...more