Jeff Dunsavage | The Triple-I Blog Lightning strikes costs homeowners more than $1 billion a year – but it’s unclear how much businesses lose through lightning-related damage. This is because many fires at commercial properties are recorded simply as “general fire damage”, making it hard to quantify lightning-specific losses or understand true commercial exposure. In… Continue reading Commercial Lightning Losses: You Can’t Manage What You Don’t Measure
Category: Insurance
Late Notice Doesn’t Always Mean No Coverage—But Only If You Can Prove It
Amanda S. Keller | It Pays to Be Covered The Eleventh Circuit’s recent decision in L. Squared Industries, Inc. v. Nautilus Insurance Co. offers important guidance for policyholders navigating notice provisions under claims-made insurance policies—particularly when a policy imposes both a policy-period notice requirement and a separate “prompt notice” clause. Background L. Squared Industries owned and operated… Continue reading Late Notice Doesn’t Always Mean No Coverage—But Only If You Can Prove It
When Federal Contracts Meet Insurance Coverage – Part 1
Aron Beezley, Elizabeth A. Brown, Ryan Hedstrom and Katherine Henry | It Pays to Be Covered The Federal Acquisition Regulation (FAR) is a comprehensive set of regulations governing federal procurement — prescribing how agencies acquire goods and services and how contractors compete for, win, and perform government contracts. This encyclopedia of federal procurement addresses everything… Continue reading When Federal Contracts Meet Insurance Coverage – Part 1
Drafting Effective Insurance Coverage Letters: Best Practices For Insurers
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
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