Leslie Kaufman | Claims Journal As the Trump administration stalls federal funding for projects intended to make states more resilient to climate change and private insurers decline to cover properties in high-risk zones, North Carolina just proved there’s another way to fund disaster preparedness: a $600 million catastrophe bond that rewards homeowners and their insurer… Continue reading ‘Super Roofs’ Are Rewarding Insurers, Cat Bond Investors and Homeowners
Tag: insurance
Ice Dams Are Actually A Common Risk: What Claims and Insurance Pros Should Know
Sarah Byer and John Giulewicz | Claims Journal Living in the northeast, ice dams are a part of life, and a common cause of loss in the insurance industry. However, they are often misunderstood, and effective remedies can be elusive. It’s essential for insurance and claims professionals who may deal with ice dams in their… Continue reading Ice Dams Are Actually A Common Risk: What Claims and Insurance Pros Should Know
Ambiguities Bite Back: Second Circuit Reaffirms Commitment to Construing Ambiguous Terms in Favor of Coverage
Arthur Armstrong and Alexander Corson | Lowenstein Sandler The Second Circuit’s recent decision affirming a $54.2 million recovery for CITGO signals the judiciary’s renewed commitment to a bedrock principle of insurance law: Ambiguous policy language must be construed in favor of coverage. This rule of construction recognizes that insurance policies are risk-transfer products underwritten and… Continue reading Ambiguities Bite Back: Second Circuit Reaffirms Commitment to Construing Ambiguous Terms in Favor of Coverage
The Wildfire Litigation Series: Part 3 — Resolving Complex Wildfire Claims
Xavier Oustalniol, Kristofer Buchan and Kimberly Ratto | Stone Turn The final installment of our Wildfire Litigation Series addresses the resolution of complex wildfire claims. This phase moves beyond assessment and into structured compensation processes designed to help victims, communities, and businesses rebuild. The article highlights how trust structures, expert guidance, and tailored methodologies provide… Continue reading The Wildfire Litigation Series: Part 3 — Resolving Complex Wildfire Claims
9204 Meet 8850. Public Works Claims Processes Now Apply to Private Works, With Some Differences
Garret Murai | California Construction Law Blog Contractors working on public works projects are likely familiar with the statutory claims resolution process under Public Contract Code section 9204. Section 9204, which went into effect in 2017, and which has been amended a couple of times since, provides a claims resolution process for public works projects with… Continue reading 9204 Meet 8850. Public Works Claims Processes Now Apply to Private Works, With Some Differences