Earthquake/Tsunami Resource Center – Insurance Experts Speak Out on Business Interruption Claims and Other Key Issues

After March 11 earthquake and tsunami in Japan, U.S. businesses with Japanese operations, suppliers or customers have assuredly taken a close look at the business interruption language in their property policies. To remain up-to-date on the coverage issues raised by these catastrophic events, we invite...

Insurance Implications in the Wake of Hurricane Irene

After Hurricane Irene, individuals and businesses will face property losses and interruption of business and will look to insurers for coverage of these multi-faceted losses. To remain up-to-date on the coverage issues raised by Hurricane Irene and similar natural events, we invite our Community to access...

McCarter & English on Fifth Circuit Panel Affirms Award of Lost Business Income Based on Post-Loss Economic Conditions

By Mark D. Villanueva, Associate, McCarter & English, LLP The Fifth Circuit Court of Appeals in Berk-Cohen Assocs. v. Landmark Am. Ins. Co. , 2011 U.S. App. LEXIS 14911 (5th Cir. July 20, 2011) recently considered whether an insured may recover for business interruption losses based on a post...

LexisNexis Offers Insurance Resources in the Wake of Hurricane Irene

After Hurricane Irene, individuals and businesses will face property losses and interruption of business and will look to insurers for coverage of these multi-faceted losses. To remain up-to-date on the coverage issues raised by Hurricane Irene and similar natural events, we invite our Community...

CBI for the Cloud

By Lon Berk, Partner, Hunton & Williams In his article, "CBI for the Cloud," appearing in the Nov./Dec. 2011 issue of Coverage, Lon Berk of Hunton & Williams observes that the frequency of business cloud computing is expected to increase. The article describes cloud computing and...

FREE Business Interruption Insurance White Paper

Obtain your FREE Business Interruption Insurance White Paper, Business Interruption Coverage: Trends, Challenges & Solutions . The 2011 earthquakes and tsunami in Japan, twister outbreaks in the United States, Hurricane Irene,...

Lowenstein Sandler LLP on Measuring Business Interruption Losses in the Wake of Superstorm Sandy

By Joseph D. Jean & Matthew D. Stockwell, Lowenstein Sandler LLP In the aftermath of a widespread devastation, such as caused by Superstorm Sandy, companies look to their business interruption insurance to recover profits that were lost due to the cessation or suspension of their business operations...

Commercial Court Clarifies the Position on Follow Settlement Clauses for Retrocessionaires

On 6 November 2013, the Commercial Court handed down its judgment in Tokio Marine Europe Insurance Ltd v Novae Corporate Underwriting Ltd [2013] EWHC 3362 (Comm). Mr Justice Hamblen held that the defendant retrocessionaire had agreed to follow the insurer's settlements in respect of the underlying...

Is That Covered? Timely Reporting of Food Claims l Business Interruption Coverage for Food Recall Claims

By Michael R. Kelley When food producers and distributors are faced with a product recall, one of the most common questions is: How soon, if at all, do you report the claim to your insurance company? The answer is simple—you should be reporting those claims as soon as possible. Otherwise...