News & Analysis as of

Natural Disasters Business Interruption

Jackson Lewis P.C.

Employer Considerations Post-Hurricane

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The true impact of Hurricane Francine on Southeast Louisiana may not be known for weeks after it made landfall early in September. Even as the storm passes and normalcy gradually returns, employers must still be mindful of...more

K&L Gates LLP

Litigation Minute: Extreme Weather and Natural Disasters: Insurance Tips for Commercial Policyholders (ESG Litigation Series: Part...

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What You Need To Know In A Minute Or Less - Storms and hurricanes, isolated but powerful tornados, earthquakes, fires, and floods—the question is not whether, but where and when policyholders will confront the next natural...more

Bradley Arant Boult Cummings LLP

Sunscreen Is Not the Only Key to Avoid Getting Burned This Summer: The Importance of a Mid-Year Review of Your Insurance Policies

Summertime. The kids are getting out of school. Maybe you have a vacation planned. Down here in Florida, we make early preparations for the annual “it’s going to be the worst hurricane season on record” reports...more

Flaster Greenberg PC

Eight Steps to Recovering Under Your Florida or New Jersey Hurricane Insurance Policy

Flaster Greenberg PC on

The threat of hurricanes is very real for southern states from Texas to Florida and eastern states from Florida to New Jersey, New York, and even Maine during the six-month long Atlantic hurricane season, which runs from June...more

Jones Day

What About Your Suppliers? Insuring Against Climate Risks to Your Supply Chain

Jones Day on

More than 20 storms—11 of which will become hurricanes, and 5 of which will become Category 3 or greater hurricanes. That's one prediction for the Atlantic hurricane season. Not to worry, you say. Your operations are located...more

Adams and Reese LLP

Before the Storm – Tips on Business Preparation for Hurricane Season

Adams and Reese LLP on

Hurricane season is upon us once again, and if early forecasts are correct, it looks to be a doozy. The National Oceanographic Atmospheric Administration (NOAA) released their early forecast in May with predictions of eight...more

K&L Gates LLP

Extreme Weather and Natural Disasters - Insurance Tips for Commercial Policyholders

K&L Gates LLP on

Storms and hurricanes, isolated but powerful tornados, earthquakes, fires, and floods—the question is not whether, but where and when policyholders will confront the next natural disaster. Climate change is clearly having an...more

ASKramer Law

Weather & Climate Risk Management Part II: Weather Risk Management Products

ASKramer Law on

In Part I of this series on weather and climate risk management, I reviewed the context within which organizations seek to manage climate and weather-related risks. With extreme weather events becoming more common, there are...more

StoneTurn

Risk Awareness and Mitigation in Disaster Recovery: After a Catastrophe

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Natural disasters, while undoubtedly disruptive and damaging, can serve as powerful catalysts for organizational transformation if approached with foresight and strategic intent. As we’ve explored, successful post-disaster...more

J.S. Held

2024 J.S. Held Global Risk Report: Weather and Natural Disasters

J.S. Held on

The growing frequency and ferocity of major weather events and natural disasters have pushed the climate change discussion to the forefront of governments and businesses. Droughts, floods, wildfires, earthquakes, and volcanic...more

Adams and Reese LLP

Post-Hurricane Idalia Checklist for Individuals and Businesses

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In the aftermath of Hurricane Idalia, individuals and families in Florida, Georgia, and South Carolina may be eligible for federal assistance if they live, own a business, or work in the federally-declared disaster area....more

Lowndes

Hurricane Idalia: Take a Hard Look at the Force Majeure Clauses and Your Business Risks

Lowndes on

With Hurricane Idalia about to cross Florida, people are naturally focused on preparations and the potential adverse impacts that it will have. For businesses, that should include analysis of contractual obligations that...more

Console and Associates, P.C.

Litigation Over Lahaina Wildfire Commences as Residents Claim Negligence of Hawaiian Electric Industries Resulted in Over 100...

Earlier this month, wildfires tore through the Island of Maui. While the fires affected an estimated 17,000 acres, the town of Lahaina was hit the hardest, leaving over 114 people dead and another 850 missing. More recently,...more

K&L Gates LLP

Maui Wildfires - Coverage Considerations and What Business Policyholders Need to Know

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The Maui wildfires are now the deadliest—and certainly among the most destructive—in modern US history, already outpacing the loss of life and impact on critical wildlife habitat/species of the 2018 Camp fire in California....more

McCarter & English, LLP

Business Interruption Claims for Wildfires and Related Losses

In a phenomenon unusual for many residents of the northeastern United States, dense clouds of smoke from wildfires in Canada passed through several major cities, including New York, the week of June 5, 2023. As air quality...more

Pillsbury - Policyholder Pulse blog

Great Sargasso Seaweed Event May Lead to Covered Business Interruption and Loss of Use

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

Butler Weihmuller Katz Craig LLP

Profiting from a Peril: Business Interruption Valuation During Economic Instability

The pandemic and political turmoil are causing widespread and long-term economic volatility after many years of positive trends. But covered commercial property losses continue, whether caused by fire, wind, or other causes...more

Ankura

How to Create a Lean - Yet Secure - Supply Chain in Today’s Uncertain World

Ankura on

A recent survey found that 87% of supply chain professionals plan to invest in resilience in the near future, which is no surprise given the amount of global events which have shocked supply chains recently. Political...more

White and Williams LLP

Hurricane Ian: Discussing Wind-Water Disputes

White and Williams LLP on

Most of the Florida homes in the path of Hurricane Ian lack flood insurance, posing a major challenge to rebuilding efforts, new data show. In the counties whose residents were told to evacuate, just 18.5 percent of homes...more

Pillsbury Winthrop Shaw Pittman LLP

Hurricane Ian: Insurance Implications

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

Butler Weihmuller Katz Craig LLP

Bracing for Fiona – A pre and post analysis of hurricane risk in Puerto Rico and the Caribbean

How can carriers prepare for what is to come after Fiona’s direct impact on Puerto Rico? First and foremost, carriers should begin securing and mobilizing an adequate roster of independent adjusters, ready to respond to...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

Procopio, Cory, Hargreaves & Savitch LLP

Wildfire Season is Here: Will Your Company’s Insurance Policy Withstand the Heat?

Wildfire season typically occurs between July and November in California. However, the California Department of Forestry and Fire Protection maintains global warming is causing wildfire seasons to start earlier and last...more

J.S. Held

Climate and Extreme Weather Events: Considerations for Insurance, Infrastructure Planning & Environmental and Financial Compliance

J.S. Held on

Climate and extreme weather events are threatening human health and safety, food, water and energy security, and the environment in broad areas ranging from the USA to China, Europe, Latin America, and the Caribbean. ...more

Lowenstein Sandler LLP

Insurance Recovery After Severe Weather

Lowenstein Sandler LLP on

While the 2021 hurricane season is not officially over yet, catastrophic weather events including Hurricanes Ida, Henri and Nicholas have already caused substantial damage, bringing record-breaking rainfall and flooding....more

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