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...

McCarter and English LLP on Insurance Coverage for Damages Arising from the Gulf Oil Spill

By Brian J. Osias and David C. Kane, Attorneys, McCarter & English, LLP The recent oil spill in the Gulf of Mexico has become arguably the worst in United States history. Spewing up to 30,000 barrels a day, it has surpassed even the Exxon Valdez disaster. Third parties will invariably suffer...

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...

Earthquakes, Floods, and Disasters Near and Far: Policyholders Should Look For Cover In The Coverage

By Sherilyn Pastor, Ira Gottlieb, and Nicholas M. Insua, Attorneys, McCarter & English, LLP The recent devastating and tragic earthquake in Japan and flooding in the northeastern United States should serve to remind businesses of the ever-present need to consider their insurance policies as a...