News & Analysis as of

Catastrophic Events

J.S. Held

CAT Season: Hazards, Resources, and How to Prepare

J.S. Held on

Catastrophic events (CAT) include hurricanes, floods, landslides, tsunamis, volcanic eruptions, earthquakes, tornados, and wildfires (See Figures 1-4 below). “CAT season” is the phrase experts commonly use to describe the...more

J.S. Held

The Financial Toll of Unforeseen Weather Events

J.S. Held on

Escalating Impacts of Catastrophic Weather - Large insurance losses are increasingly being caused by hazardous weather events such as hurricanes, floods, lightning strikes, high winds, large hail, and wildfires....more

Carlton Fields

[Event] Building Resiliency Into the Construction Industry - September 7th, Miami, FL

Carlton Fields on

In the construction industry, resilience generally refers to a building’s or infrastructure element’s ability to avoid, mitigate, absorb, or recover from physically destructive events, with an eye toward overall longevity. ...more

Polsinelli

Louisiana Insurance Department Catastrophe Response Plans

Polsinelli on

The Louisiana Insurance Department (“Department”) recently sent e-mail notifications to numerous third party administrators (“TPA”) regarding the failure to file their Catastrophe Response Plans with the Department by June 1,...more

Goldberg Segalla

[Webinar] Product Liability Series: Containing Nuclear and Thermo Nuclear Verdicts - May 30th, 12:00 pm - 1:00 pm EDT

Goldberg Segalla on

As jury verdicts across the country are on an upward trajectory into the hundreds of millions and in some cases billions of dollars, this calls for a different litigation and trial strategy to contain the awards and minimize...more

(ACOEL) | American College of Environmental...

Climate Change: Is The Answer “Blowin’ in the Wind"?

Hurricane Ian brought “fierce winds, unrelenting rains and catastrophic flooding to southwest Florida. As Ian approached, Florida, Governor Ron DeSantis acknowledged that, “We all need to work together regardless of party...more

Wiley Rein LLP

Should Federal Government Insure “Catastrophic Cyber Incidents”? Comments due November 14, 2022

Wiley Rein LLP on

On September 29, 2022, the Federal Insurance Office (FIO) of the Department of the Treasury published a Request for Comment (RFC) related to cyber insurance and catastrophic cyber incidents....more

Lowenstein Sandler LLP

The Calm Before the Storm: Planning for Catastrophic Weather Events

Lowenstein Sandler LLP on

In this episode of “Don’t Take No for an Answer,” hosts Lynda A. Bennett and Michael Lichtenstein of Lowenstein’s Insurance Recovery Group provide recommendations for preparing corporate insurance policies for the next...more

Roetzel & Andress

BWC Proposes New Rule Excluding COVID-19 Claims From An Employer’s Experience Rating

Roetzel & Andress on

The Bureau of Workers’ Compensation (BWC) is proposing a new rule which will exclude COVID-19 claims from an employer’s experience rating. In proposing the new rule, the BWC noted that pandemics are generally...more

U.S. Legal Support

[Webinar] Current Events and the Courtroom: How Jurors Respond to Cultural Crises - May 12th, 9:00 am PDT

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A round table discussion with top litigators and social scientists exploring how major world events such as the COVID-19 pandemic can impact juror attitudes. History proves that major world events impact juror attitudes....more

Butler Snow LLP

"The Mock Recall": What to Do Now to Avoid a Potential Recall Catastrophe

Butler Snow LLP on

“By failing to prepare, you are preparing to fail.” – Benjamin Franklin - “It wasn’t raining when Noah built the ark.” – Howard Ruff - The COVID-19 pandemic has forced us to confront an uncomfortable, ubiquitous reality...more

Hinshaw & Culbertson - Insights for Insurers

State Insurance Commissioners Weigh In On Business Interruption Coverage for COVID-19 Losses

Over the past several weeks, we've seen legislators introduce bills to retroactively rewrite existing insurance policies to provide coverage for COVID-19 claims, and a flood of insurance coverage complaints filed across the...more

Zelle  LLP

Tightening Up Contracts in a Hardening Insurance Market

Zelle LLP on

Over the past decade, as commercial property insurance rates softened, so too have terms and conditions. In some instances, attempts to broaden coverage have also had the effect of diluting the clarity and consistency of...more

Robins Kaplan LLP

Financial Daily Dose 12.09.2019 | Top Story: States Begin Trial Today Challenging T-Mobile/Sprint Merger on Antitrust Grounds

Robins Kaplan LLP on

Thirteen states and the District of Columbia are suing to block the $26 billion plan to merge T-Mobile US Inc. and Sprint Corp. The trial is slated to begin today with state officials arguing the deal would create “a more...more

Robins Kaplan LLP

Hot off the Presses: California Further Regulates Out-of-State Adjusters in the Wake of Record-Breaking Catastrophic Losses

Robins Kaplan LLP on

IN RESPONSE TO RECORD-BREAKING FIRE LOSSES IN 2017, THE CALIFORNIA GOVERNOR SIGNED THE INSURANCE ADJUSTER ACT OF 2019 INTO LAW ON OCTOBER 3, 2019, WHICH NOW TAKES IMMEDIATE EFFECT TO GOVERN THE USE OF OUT-OF-STATE ADJUSTERS...more

Zelle  LLP

The Disaster Recovery Reform Act of 2018 intends to increase disaster preparedness

Zelle LLP on

As referenced in our recent CAT-Law post on the Catastrophic Losses of 2018, at the end of 2018 Congress passed the Disaster Recovery Reform Act of 2018 (DRRA) in an effort to improve the nation’s overall capacity to respond...more

Cadwalader, Wickersham & Taft LLP

Cat Bond Update: Florida Assignment of Benefits

On April 24, 2019, the Florida Legislature passed a bill (the “Act”) to reform the requirements for the assignment of benefits of claims for residential and commercial property insurance. The Act is expected to become law....more

Fisher Phillips

Executives Must Plan for Unexpected Natural Events that Can Harm the Company.

Fisher Phillips on

One of my recurrent business themes is the need for businesses to try to plan for unanticipated events that could devastate the business and destroy shareholder value. The event that convinced me of the need for formal...more

Fisher Phillips

Howard’s Weekly Roundup - January 27 - Part 1.

Fisher Phillips on

Thanks for the input on topics you’d like to see and on your own observations to reference in the weekly Update. In order to keep this report short, we’re shifting most book, movie and certain other categories to the full...more

Fisher Phillips

What If.... Harassment, “Me Too” and the Media.

Fisher Phillips on

We encourage larger companies to establish a committee to meet every six to twelve months to engage in “What-if” risk planning. If we have learned anything this year, it’s that businesses face more unexpected risk than ever...more

Fisher Phillips

Web Exclusive: The ABC’s Of AEDs

Fisher Phillips on

Every time a natural disaster hits, we learn of at least one person who tragically died of a heart attack when placed in a stressful or unusual situation. Sadly, we hear little about the hundreds of thousands of other deaths...more

Morgan Lewis

Hurricane Recovery Client Alert: Natural Catastrophe Insurance Claims

Morgan Lewis on

Insurers and policyholders should heed the critical insurance issues that arise in the aftermath of natural disasters....more

Fisher Phillips

Workplace Violence Occurring At Alarming Rate: Time For Employers To Be Proactive

Fisher Phillips on

It’s a news headline we’ve seen too often, including several times in recent weeks: another disgruntled employee or former employee has entered the workplace and killed or injured coworkers. What can you do to minimize the...more

Fisher Phillips

Crisis Management – Are You Prepared?

Fisher Phillips on

Newspaper headlines, television airwaves, and social media links are filled with companies dealing with crises on a near-daily basis. Just as Samsung learned in 2016 when its phones were catching on fire, and as United...more

Zelle  LLP

Stressed about CATs? The London Market Is Ready

Zelle LLP on

Earlier this year, a London insurance market industry group published London Market looks ahead: Preparing for the next big insurance event, a White Paper describing a stress test of the market when faced with a...more

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