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Can an Appraisal Panel Determine the Period of Restoration for a Business Interruption Dispute? Does the Panel Have to State the Period of Restoration In the Appraisal Award?

Property Insurance Coverage Law

Many property adjusters and policyholders often think of business income and interruption claims as being solely an accounting function. This is not true because there must be a determination of the “period of restoration.” Does the Panel Have to State the Period of Restoration In the Appraisal Award?

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How Agents Can Help Policyholders Prepare for Catastrophic Weather Events

American Agents Alliance

Find out more about how agents can help policyholders manage catastrophic weather events in this blog. Talk with policyholders before the next storm or wildfire hits. Try sending personalized messages to policyholders based on their coverage needs. This creates both an opportunity and a challenge for independent agents.

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FCA Test Case: Supreme Court Update

Protect Commercial Insurance

FCA Test Case: Response of non-damage business interruption extensions to COVID-19 losses Supreme Court Decision: Update 19 January 2021 The Supreme Court judgment in the FCA Business Interruption Test Case was published on Friday 15 January 2021. Protect Commercial Team.

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Beyond Fire: Triple-I Interview Unravels Lightning-Risk Complexity

Triple-I: Business Insurance

Investment in a lightning protection system could have saved this business owner – and his insurer – the million dollars lost and prevented business interruption. Nearly $1 billion in lightning claims was paid out in 2018 to almost 78,000 policy holders, according to LPI.

Risk 52
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Staying Vigilant Amidst the Chaos of Natural Disaster 

Cowbell

Cybercriminals will often target small businesses that may be scrambling to resume operations and are less likely to be vigilant about cybersecurity in the wake of a disaster. This can add another layer of complexity while trying to limit business interruption.

Cyber 52
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Recall Roundup: February

Hunton Andrews Kurth

Given the heightened risk to its business posed by a disruption stemming from food contamination, Nashville Underground purchased a special coverage for business interruption due to “Food Contamination.” When Nashville Underground sought coverage under its policy, AMCO denied the claim.

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Cyber Incident? Cyber Insurance Can Help Clients “Shake It Off”

ProWriters

Indeed, earlier in 2024, the ShinyHunters threat actor group claimed responsibility for breaching Ticketmaster. 7 Ways Cyber Insurance Helps Ticketing Platforms and Your Clients Your clients may not be in the ticketing business. Cyber Insurance can protect against claims arising from a breach caused by one of these partners.

Cyber 52