Cyberattacks continue to cause angst among businesses across the globe, spanning a wide variety of industries. With threats such as ransomware attacks surging globally, the state of cyber insurance remains in flux amid a hardening market. For organizations seeking coverage,
When natural disaster strikes, the insurance claims process can feel overwhelming. Here are the key steps every business should follow.
Know Your Coverage
Before filing anything, review your policy carefully. Standard commercial property insurance covers direct physical loss or damage
It is a common refrain; the insurer is slow in processing my company’s claim.
This is a double-edged sword. Insurers have a duty to independently investigate a claim and failure to do so can result in liability to the insurer.
Shivam Gastonia, Inc. filed a verified complaint in Gaston County Superior Court against Accelerant Specialty Insurance Company alleging breach of contract for largely denying a tornado-related property and business interruption claim under a commercial policy covering a Quality Inn in
Insurance policies sometimes contain exclusions purporting to bar damage that began before the policy effective dates, but continues into the policy period.
That is what happened in Northfield Mass. Assocs., LLC v. Travelers Indem. Co.
In this case, the insured
Eden Owners Association, Inc. sued General Security Indemnity Company of Arizona, HDI Global Specialty SE, StarStone Specialty Insurance Company, and QBE Specialty Insurance Company in the Northern District of Florida, invoking diversity jurisdiction and venue based on insured property in