LexisNexis® Legal Newsroom
Gulf Oil Spill: Gusher of Insurance Claims

The British Petroleum Claims are Coming The British Petroleum Claims are Coming -- If Paul Revere had been a lawyer Right now there is only one thing that there is more of than oil floating in the Gulf of Mexico - blood. And the sharks smell it and are circling. One media report that I saw had...

Eyjafjallajokull, Deepwater Horizon, and Property Insurance

By Eugene Wollan, Senior Counsel, Mound, Cotton, Wollan and Greengrass On March 20, 2010, and again on April 14, 2010, Iceland's Eyjafjallajokull volcano erupted, creating a plume of ash and sediment so massive that air travel across Europe and the Atlantic Ocean was affected for weeks. On April...

Expect Gulf Oil Slick Claims to be Extensive and Impact Multiple Lines of Business

By Marc Lanzkowsky, Founder and Principal, Lanzko Consulting, Inc. As the losses in the gulf continue to rise, the true claims impact has yet to unfold I don’t think the insurance industry has felt the true brunt of the horrific events of the April 20 blast on the Deepwater Horizon...

Are Property Insurance Claims Getting Harder to Settle?

By Joe Whalen, Insurance and Risk Management Consultant, Farella Braun + Martel How much of a typical large property claim (property, builders risk, business interruption, and extra expense losses in excess of $5,000,000) actually gets paid by insurance, and how long does it take to settle a large...