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J. Wylie Donald and Jocelyn G. Hill of McCarter & English LLP on Covering the Green Roof -- With Insurance

The City of Toronto just passed North America’s first ordinance mandating the installation of a green roof on new construction commercial and industrial buildings greater than a certain square footage. Green roofs are sprouting in numerous other jurisdictions in response to the sustained interest...

Anderson Kill & Olick Examine Insurance Implications of Gulf Oil Spill

By John G. Nevius, Shareholder, Anderson Kill & Olick P.C. Reports on the recent collapsed of the Deepwater Horizon rig and associated oil spill in the Gulf of Mexico seem to be going from bad to worse. It's too early to predict how insurance claims will come out, observes attorney John G...

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...

Mealey’s Litigation Report – Class Action Filed by Mississippi Fishermen Seeking Damages from Massive Oil Spill

BILOXI, Miss. - (Mealey's) Two Mississippi fishermen on May 3 filed a class action lawsuit in Mississippi federal court against companies they claim are responsible for the massive oil spill in the Gulf of Mexico (Charlie C. Nguyen, et al. v. Transocean Ltd., et al., No. 10cv178, S.D. Miss.). ...

Class Action Filed in Mississippi by Fishermen Seeking Damages Resulting from Huge Oil Spill

BILOXI, Miss. - (Mealey's) Two Mississippi fishermen on May 3 filed a class action lawsuit in Mississippi federal court against companies they claim are responsible for the massive oil spill in the Gulf of Mexico (Charlie C. Nguyen, et al. v. Transocean Ltd., et al., No. 10cv178, S.D. Miss.). ...

Business Interruption Coverage

By David B. Smith, Insurance/Risk Management Consultant, Farella Braun + Martel LLP. The recent earthquake in Eureka, California (as well as the devastating events in Haiti), reminded me of the financial challenges and complexities faced by businesses large and small following a catastrophe. While...

Insurance Implications of the Deepwater Horizon Disaster

By Michael Cessna, of Counsel, Lathrop & Gage LLP The potential financial impact of the April 20, 2010 explosion and sinking of the Deepwater Horizon in the Gulf of Mexico may well eclipse the financial impact of the Exxon Valdez spill in 1989, which resulted in a $3.5 billion dollar settlement...

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...

Coverage Implications Related to the Eruption of Iceland's Eyjafjallajokull Volcano

By Costantino Suriano, Hilary Henkind, Frank DeAngelis, Frank Montbach, and Marc Haas, Attorneys, Mound Cotton Wollan & Greengrass On March 20, 2010, after almost 200 years of silence, the Eyjafjallajokull volcano located in southern Iceland erupted. Although the March 20th eruption continued...

Mound Cotton Wollan & Greengrass on Insurance Implications Related to Eruption of Iceland's Eyjafjallajokull Volcano

By Costantino Suriano, Hilary Henkind, Frank DeAngelis, Frank Montbach, and Marc Haas, Attorneys, Mound Cotton Wollan & Greengrass On March 20, 2010, after almost 200 years of silence, the Eyjafjallajokull volcano located in southern Iceland erupted. Although the March 20th eruption continued...

Eruptions and Disruption But No Indemnification

This article explains the liability faced by air carriers arising out of the closure of most of Europe’s airspace for six days in April 2010, the lack of insurance to cover that loss and the new products being considered to cover such eventualities in future. Europe is now reflecting on the...

Insurance Coverage Issues for Third-Party Businesses and Municipalities with Losses Due to the Oil Rig Explosion in the Gulf of Mexico

By Selena Linde, Partner, Perkins Coie LLP An explosion at the Deepwater Horizon drilling platform in the Gulf of Mexico on April 20, 2010 left eleven workers dead. Each day since the explosion occurred, approximately 210,000 gallons of oil have spilled into the Gulf of Mexico. The oil already...

Richard P. Lewis and Michael N. DiCanio on "Cleaning Up the Mess: Business Income Coverage in the Wake of Hurricane Katrina”

By Richard P. Lewis and Michael N. DiCanio, Attorneys, Reed Smith LLP In their article, “Cleaning Up the Mess: Business Income Coverage in the Wake of Hurricane Katrina” appearing in the May/June 2010 issue of Coverage, Richard P. Lewis and Michael N. DiCanio examine cases addressing...

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...

Passengers and Airlines Not Likely to Find Sympathetic Ears at Insurers

This article explains the liability faced by air carriers arising out of the closure of most of Europe’s airspace for six days in April 2010, the lack of insurance to cover that loss and the new products being considered to cover such eventualities in future. Europe is now reflecting on the...

Emerging Legal and Insurance Issues from the Gulf Oil Spill

By John L. Watkins, Shareholder, Chorey, Taylor & Feil Last week, courtesy of my friends at LEXIS, I attended the HB Litigation Conference in Atlanta on litigation and insurance coverage issues arising from the BP oil spill disaster in the Gulf of Mexico. The presenters included extremely well...

Thoughts From The HB Litigation Conference On BP Oil Spill, Developing Legal, Insurance Issues

By John L. Watkins, Shareholder, Chorey, Taylor & Feil Last week, courtesy of my friends at LEXIS, I attended the HB Litigation Conference in Atlanta on litigation and insurance coverage issues arising from the BP oil spill disaster in the Gulf of Mexico. The presenters included extremely...

The Immediate Need to Optimize Medical Records for the Gulf Oil Spill

By Joe Russell, SVP General Counsel & Corporate Development of MedNeutral, LLC SAN DIEGO: The Gulf Oil spill may be finally coming to an end, but the rash of personal injury claims are just beginning. While there will be numerous legitimate claims, there will undoubtedly be a number of more...

AIG Pays $23M In Gulf Oil Spill Claims; Total May Rise

NEW YORK - (AP) Taxpayers took another hit, this one indirect, from the oil spill caused by the Deepwater Horizon rig explosion through insurance claims related to the disaster. AIG, the insurance giant that is 80 percent owned by the government, said it paid approximately $23 million in claims following...

Far From the Earthquake, Insurance Claims May Be Triggered

By Finley Harckham, Partner, Anderson Kill & Olick, P.C. So far, it seems that the U.S. can be thankful that the tsunamis stemming from the terrible earthquake that hit Japan will not do damage on our shores. In our global economy, though, many U.S. businesses will find their operations affected...

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...

U.S. Supreme Court Denies Insurer's Motion To Stay Reinstated $92.9 Million Judgment

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Jan. 31 denied an insurer's motion to stay pending the filing and disposition of a petition for a writ of certiorari of a $92.9 million judgment that was reinstated against it in a class action lawsuit arising from hurricanes Katrina and...

A Primer for Managing Risks

(Lexis.com subscribers may access the cases below by clicking on the links) By Verne A. Pedro, Special Counsel, Goldberg Segalla LLP Injured visitors, faulty construction, mold, critters, fire, natural disasters-businesses face substantial risks from a host of potentially devastating unforeseen...