Commercial property policies typically include a wide range of coverage extensions, including “contingent” coverages that apply even when the policyholder’s own property is not physically damaged.
Even if you have not yet...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
/ Business Interruption ,
Commercial Insurance Policies ,
FEMA ,
Insurance Claims ,
Natural Gas ,
Power Grid ,
Presidentially-Declared Major Disaster Area (PDMDA) ,
Proof of Loss ,
SBA ,
Severe Weather ,
Texas
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
/ Business Interruption ,
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
/ Business Interruption ,
Commercial Insurance Policies ,
Critical Infrastructure Sectors ,
Federal Grants ,
FEMA ,
Flooding ,
Loss Mitigation ,
Notice Requirements ,
Proof of Loss ,
Property Damage ,
Property Insurance ,
Record Preservation ,
Storm Water ,
Wind Damage
Just before fireworks exploded across the sky to usher in 2016, a massive fire engulfed the Address Downtown Hotel in Dubai. At nearly 1,000 feet tall, this five-star hotel and luxury apartment building —with about 200 hotel...more
The beginning of 2016 brought floods to the Midwest—and, tragically, loss of life and extensive property damage. With the floodwaters now receding and cleanup underway, affected businesses should consider obtaining insurance...more
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