Patrick Kelly and Reynolds Sands | Gray Reed In the wake of increasingly frequent natural disasters, construction insurance has become more critical than ever. While many stakeholders view insurance as just another project cost, it is actually your first line of defense against catastrophic losses from wildfires, tornados, or hurricanes. Understanding your insurance options and… Continue reading Weathering the Storm—Part 2: Understanding Liquidated and Consequential Damages in Construction Contracts
Tag: Natural Disasters
The Natural Progression Of Natural Disasters
Stephen J. Henning and Phyllis Modlin | Wood, Smith, Henning & Berman | August 29, 2019 As Weather-Related Disasters Become More Common and More Expensive, the Plaintiff’s Bar Is Getting More Creative Reports indicate that insured losses from the Southern California Woolsey fire will total at least $2.5 billion. The total economic loss from the… Continue reading The Natural Progression Of Natural Disasters
Lawmakers Seek to Reduce Cost of Property Insurance in NC
S. Vagus | Live Insurance News | March 13, 2015 Lawmakers in North Carolina are looking to reduce property insurance rates by changing the state’s initiative to cover catastrophic losses caused by natural disasters. A new legislation has been introduce that would establish a public bonding authority, which will be part of the North Carolina… Continue reading Lawmakers Seek to Reduce Cost of Property Insurance in NC