The below checklist includes essential considerations and steps to take for property owners and businesses that stand to be affected by hurricanes....more
10/10/2024
/ Business Interruption ,
Corporate Counsel ,
D&O Insurance ,
Disaster Preparedness ,
Hurricane Season ,
Insurance Claims ,
Insurance Industry ,
Property Damage ,
Property Insurance ,
Severe Weather ,
Supply Chain ,
Workers’ Compensation
Hurricane Helene struck Florida’s Big Bend region as a category 4 hurricane on September 25, 2024, and continued to move northeast. The storm caused widespread power outages and catastrophic damage across Florida, the...more
10/10/2024
/ Business Interruption ,
Commercial Insurance Policies ,
Documentation ,
FEMA ,
Filing Deadlines ,
Hurricane Season ,
Insurance Claims ,
Insurance Industry ,
Loss Mitigation ,
Notice Requirements ,
Popular ,
Property Damage ,
Property Insurance ,
Severe Weather
After heavy rains on March 30, 2024, a section of the southbound lane of famous Highway 1, which sits atop dramatic cliffs near Big Sur, collapsed and crumbled into the Pacific Ocean. The incident occurred near Rocky Creek...more
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
/ Business Interruption ,
Commercial Insurance Policies ,
Documentation ,
FEMA ,
Hurricane Season ,
Infrastructure ,
Insurance Claims ,
Insurance Industry ,
Loss Mitigation ,
Natural Disasters ,
Property Damage ,
Property Insurance ,
Reimbursements ,
Severe Weather
In Novant Health, Inc. v. American Guarantee and Liability Insurance Co., Judge Catherine C. Eagles of the U.S. District Court for the Middle District of North Carolina made the right call by allowing a large hospital system...more
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
Category 4 Hurricane Ida cut a destructive swath from Louisiana to New York, and Tropical Storm Nicholas bears down on the Gulf Coast. Those in the affected area should prepare for insurance recovery.
Category 4 hurricane...more
Category 4 Hurricane Laura strikes Louisiana coast, causing significant damage. Those in the affected area should prepare for insurance recovery.
Historical Category 4 hurricane with sustained top wind speeds of 150 mph...more
Many U.S. businesses face income losses from theft, vandalism and resulting curfew orders, which have affected numerous cities in recent days.
Commercial property insurance policies may provide coverage for these losses,...more
Affected businesses and other organizations should take immediate and proactive steps to maximize insurance recovery.
Gather insurance policies, as well as binders, and save them electronically or take them to an...more
In the wake of Hurricane Florence, a thorough understanding of the coverage available, the facts surrounding the loss, and the applicable law can often be key to maximizing insurance recovery.
Sub-limits for flood and...more
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
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
Hurricane Irma’s epic scope and wind speed suggest that affected businesses and other organizations take immediate and proactive steps to maximize insurance recovery....more
9/7/2017
/ 501(c)(3) ,
Business Interruption ,
Commercial General Liability Policies ,
Documentation ,
Duty to Mitigate ,
FEMA ,
Flood Insurance ,
Hurricane Irma ,
Insurance Claims ,
Natural Disasters ,
Notice Requirements ,
Property Damage ,
Property Insurance ,
Suppliers
- 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
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
/ Business Interruption ,
Commercial Insurance Policies ,
Expert Reports ,
FEMA ,
Homeowner's Insurance ,
Hurricane Matthew ,
Loss Mitigation ,
Popular ,
Proof of Claims ,
Property Damage ,
Property Insurance ,
Supporting Documentation ,
Written Notice
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
Welcome to the latest edition of Pillsbury’s Perspectives on Insurance Recovery. As this 2015 edition of Perspectives demonstrates, our team is working on the most challenging issues—from cyber-insurance and complex claims...more
7/21/2015
/ Bad Faith ,
Certificate of Insurance ,
Commercial Property Owners ,
Construction Contracts ,
Cyber Insurance ,
Cybersecurity ,
D&O Insurance ,
Duty to Defend ,
Earthquake Insurance ,
Errors and Omissions Policy ,
False Claims Act (FCA) ,
Indemnification Clauses ,
Insurance Industry ,
Limitation of Liability Clause ,
Litigation Fees & Costs ,
Mergers ,
Notice Requirements ,
Policy Exclusions ,
Professional Liability ,
Property Damage ,
Property Insurance ,
Storm Water ,
Subrogation
In the wake of Superstorm Sandy, property insurers have repeatedly denied coverage for business owners in lower Manhattan – arguing that ConEd intentionally cut off power to its networks and that flooding damaged ConEd’s...more