As companies large and small grapple with losses in Sandy’s aftermath, a number of critical — and costly — business questions have emerged. Darlene Alt and Robert DiUbaldo, two experienced insurance attorneys from international law firm Edwards Wildman Palmer LLP, …
As the insurance industry makes assessments for superstorm Sandy’s impact, analysts say there is now the potential for significant business interruption (BI) and contingent business interruption (CBI) losses. Fitch Ratings said that while many lines of insurance will be affected …
The New Orleans Museum of Art says it is closed because water from soil saturated by Hurricane Isaac is seeping into the basement, administrative offices and other areas. Seepage into the basement of the century-old building was a major hurdle …
If you’re a business in Nevada, it may not be immediately clear why you should be concered with the state’s nearly dozen wildfires that are consuming almost 600,000 acres and destroying sage grouse habitat. But the fires, which have so …
Two biologists with the Idaho Department of Fish and Game injured in a helicopter crash while attempting to dart elk, moose and wolves for a study have filed lawsuits against the pilot and others. The lawsuit seeks damages that include …
Over the years, insurance companies and policyholders have been arguing in courts over how to calculate business interruption losses during catastrophes. This is the type of coverage that is often ignored until there is a loss. But once there is …
Willis Group Holdings plc announced from its London office that it has developed a new insurance product “to cover business interruption costs for companies with key locations, suppliers or customers situated in the vicinity of a nuclear power station, should …
Professional Liability Insurance Services, Inc. – Underwriting Facilities, on June 1, launched business interruption and extra expense insurance coverage for bed bug infestations for lodging facilities. The firms says it is the first to introduce the coverage. Policy features include: …
Expanding a federal program that is already $17 billion in debt might seem like a non-starter of an idea on budget-sensitive Capitol Hill these days. However the idea is included in a Republican-drafted reform of the National Flood Insurance Program …
