There are ways you can to protect yourself from not receiving an optimum claims payout due to CCPR) but they each boil down to remaining vigilant and not hesitating to get help when you need it to protect your insured interests. First and most important is to recognize that the insurance company’s adjuster is not […]
Core Claims Process Redesign: Part II Read More »
The below article appeared originally in the ABA Tips Fall 2012 Issue (48:1) of the Tort Trial & Insurance Practice Law Journal. Authors: William A. Schreiner, Jr., Heidi H. Raschke, William R. Lewis, Craig A. Jacobson, Christina M. Phillips, James P. Bobotek, Jay M. Levin, Lisa A. Szymanski, Anthony B. Crawford, and Christine T. Phan
Recent Developments in Property Insurance Coverage Litigation Read More »
Environmental Risks Advances in the horizontal drilling technique known as hydraulic fracturing over the past 10 years has greatly increased the use of the drilling technique by US energy companies in efforts to obtain large amounts of natural gas that was previously unattainable. Horizontal fracking drills are capable of reaching miles below the surface where
Hydraulic Fracking: Evironmental and Business Risks Read More »
Sinkholes are depressions or holes in the Earth’s surface caused by the dissolution of a layer or layers of soluble bedrock, usually carbonate rock such as limestone. Subterranean drainage wears away at these layers, carrying away sediment and eventually causing the area above to collapse. These sink holes can be very dramatic, as we’ve seen
Sinkholes… is the damage covered in your insurance policy? Read More »
When dealing with property insurance claims after a natural disaster, many policyholders encounter or are educated as to the reinstatement clause in their policy, and how it affects future claims arising from multiple events or disasters. In some property insurance policies there is a reinstatement clause that, simply put guarantees that once a claim (or
Automatic reinstatement in property insurance policies Read More »
Chicago, IL and most of the Midwest are currently experiencing a mid-winter thaw that has resulted in flooded buildings and basements throughout the region. The unseasonably warm air that pushed through the area over the past two days has created a new risk for building owners and managers in the form of snowmelt. Chicago, IL
Midwest/Chicago area winter thaw highlights snowmelt as impetus for water intrusion Read More »
Business or risk managers reviewing storm related insurance coverage often focus on wind and flooding as the key points of exposure. An often overlooked storm effect is hail, which can result in catastrophic damage to business property, landscaping, equipment and people. “The National Weather Service reports roughly 1-, 000-12,000 hail storms in an average year
Hail damage, insurance coverage and business risks Read More »
Supply chains act as circulation systems for companies, linking the manufacturing and distribution of goods globally. In the modern era, many businesses have decreased their amount of local “sourcing” in favor of global supply chains in order to minimize costs and raise profits for their shareholders. Not only does this type of outsourcing effect the
Natural disasters and supply chain risks. Read More »
Each year thousands of property owners and managers file insurance claims for mold infestation, structural and interior damage or rot, and various other damages all of which stem from an initial source of water intrusion. In a perfect world all building envelopes would be water tight and structurally sound but in our reality this is
Water intrusion: identifying the source and mitigating the risks Read More »
Recently, in a local newspaper, there was a story about a convenience store owner who suffered a fire that nearly destroyed the entire store. Prior to the loss, the store owner was lucky enough to convince a bank to lend him some money for operating capital. After conducting an investigation and being unable to find