Richard W. Boone, Jr. | Wilson Elser A carefully drafted coverage letter remains one of the most effective tools of an insurer. This article provides insurers and claims professionals with a guide to drafting clear, compliant, and defensible coverage letters. This starts when the carrier receives notice of the claim and includes complying with regulatory… Continue reading Drafting Effective Insurance Coverage Letters: Best Practices For Insurers
Category: Insurance
A Primer on Construction-Related Insurance Products
David Pfeffer, Sean Scuderi and Eric Zipkowitz | Tarter Krinsky & Drogin With increasing frequency, at Tarter Krinsky & Drogin, we find our attorneys assisting owners and developers in connection with assessing and procuring the necessary policies of insurance associated with their construction projects, as well as ensuring that all design professionals, contractors (and their… Continue reading A Primer on Construction-Related Insurance Products
Courts Stay Consistent In ‘Period Of Restoration’ Rulings
Jennifer Gibbs and Adrienne Nelson | Zelle A necessary and critical component of a lost business income claim is the calculation of the period of restoration. However, despite its recognized importance, the period of restoration appears to be one of the least litigated, but most consequential, dimensions of first‑party property and time element coverage. A… Continue reading Courts Stay Consistent In ‘Period Of Restoration’ Rulings
If It Ain’t Broke, Don’t Fix It: When an Equipment Breakdown Isn’t Actually a “Breakdown”
Adam Masef | Butler Weihmuller Katz Craig Many industrial companies often purchase commercial insurance policies with equipment breakdown coverage to guard against damage to their valuable equipment and protect against the associated loss of business income. However, as one steel producer recently discovered, not every incident amounts to a covered “breakdown.” In Aspen Specialty Insurance Company… Continue reading If It Ain’t Broke, Don’t Fix It: When an Equipment Breakdown Isn’t Actually a “Breakdown”
‘Super Roofs’ Are Rewarding Insurers, Cat Bond Investors and Homeowners
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