News & Analysis as of

Disaster Preparedness Insurance Industry

Baker Donelson

Shifting the Burden: States Face Rising Pressure to Fund Disasters Alone

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Recent statements from the current administration signal a deliberate shift of disaster responsibility to states, elevating the need for robust, state-led emergency financing and related state statutory authority. States must...more

Zelle  LLP

The LA Fires Contingent Business Interruption Coverage Considerations

Zelle LLP on

The Los Angeles area fires that started in early January have destroyed thousands of homes and businesses throughout the region. The fires triggered ongoing evacuation orders and warnings as communities coped with dangerous...more

Pillsbury - Policyholder Pulse blog

Hurricane Insurance Checklist

The below checklist includes essential considerations and steps to take for property owners and businesses that stand to be affected by hurricanes....more

Perkins Coie

Responding to Hurricane Helene: Making Insurance Claims That Get Paid

Perkins Coie on

Hurricane Helene has carved a path of devastation through the American Southeast, exposing continued shortcomings in local, state, and federal infrastructure and causing harm to both persons and property....more

McGuireWoods LLP

Tips to Maximize Insurance Recoveries for Hurricane Helene Property Damage and Business Interruption Losses

McGuireWoods LLP on

Hurricane Helene made landfall on Thursday, September 26, 2024, carrying catastrophic 140 mph winds as the first known Category 4 storm to hit Florida’s Big Bend region since records began in 1851. By Friday, Hurricane...more

Adams & Reese

Road to Recovery: First Steps for Business Continuity Following a Natural Disaster - September 2024

Adams & Reese on

As you begin to assess the damage from the historic Category 4 Hurricane Helene that struck the Gulf Coast, Adams and Reese’s Disaster and Recovery Team is here to assist you. Our firm has extensive experience handling a wide...more

J.S. Held

CAT Season: Hazards, Resources, and How to Prepare

J.S. Held on

Catastrophic events (CAT) include hurricanes, floods, landslides, tsunamis, volcanic eruptions, earthquakes, tornados, and wildfires (See Figures 1-4 below). “CAT season” is the phrase experts commonly use to describe the...more

Flaster Greenberg PC

Eight Steps to Recovering Under Your Florida or New Jersey Hurricane Insurance Policy

Flaster Greenberg PC on

The threat of hurricanes is very real for southern states from Texas to Florida and eastern states from Florida to New Jersey, New York, and even Maine during the six-month long Atlantic hurricane season, which runs from June...more

Lowndes

What Landlords and Tenants Need to Know This Hurricane Season (UPDATED)

Lowndes on

The 2024 Atlantic hurricane season starts this Saturday and runs until November 30. According to the National Oceanic and Atmospheric Administration (NOAA), this season is expected to be busier than usual. The increased...more

J.S. Held

Disaster Reduction: Key Insights for Risk Managers & Corporate Executives

J.S. Held on

The need for comprehensive disaster risk management has never been more evident. In recent years, major storms, earthquakes, wildfires, tornados, derechos, and other destructive large-scale events have been significant....more

Ward and Smith, P.A.

Disasters Take Many Forms – Preparing your Community Association for the Unexpected

Ward and Smith, P.A. on

Disasters, natural or otherwise, are usually unexpected and leave little time for advance action. Hurricanes, named storms, floods, fire, and even crime, are types of disasters that communities across North Carolina may...more

Adams & Reese

Business Continuity in a Natural Disaster: First Steps on the Road to Recovery - October 2022

Adams & Reese on

As we begin to assess the damage from historic Hurricane Ian, Adams and Reese’s Disaster and Recovery Team is here to assist you. The Firm has extensive experience handling a wide range of disasters, including hurricanes Ida,...more

Woodruff Sawyer

Hurricane Preparedness: What You Need to Know

Woodruff Sawyer on

In an average year, two hurricanes will make landfall in the continental US, each with wind speeds of 74 miles per hour or worse, and the potential for flooding, power outage, traffic disruptions, and more. The 2022 hurricane...more

Morgan Lewis

Five Steps for Leveraging Insurance to Recover from Severe Weather

Morgan Lewis on

Financial losses caused by recent storms, fires, hurricanes, and other natural disasters are a significant and urgent problem. Insurance industry observers predict that such extreme weather may result in losses of over $100...more

Adams & Reese

Business Continuity in a Natural Disaster: First Steps on the Road to Recovery

Adams & Reese on

As we begin to assess the damage from historic Hurricane Ida, Adams and Reese’s Disaster and Recovery Team is here to assist you. The Firm has extensive experience handling a wide range of disasters, including hurricanes...more

Eversheds Sutherland (US) LLP

New York Department of Financial Services requests that New York-authorized insurers provide information relating to business...

On July 19, 2021, the New York Department of Financial Services (DFS) issued Circular Letters 6 and 7 (2021) (Circular Letters) setting forth DFS’s expectations for all New York-authorized insurers in planning and preparing...more

K&L Gates LLP

Disaster Preparedness Toolkit

K&L Gates LLP on

While the onset of a natural disaster is generally unpredictable, we have become accustomed to bracing ourselves for the inevitable hurricane, tornado, flood, or wildfire. Preparation for business disruptions as a result of...more

Mitchell, Williams, Selig, Gates & Woodyard,...

TDI Considers Possible Suspension of Texas Insurance Laws and Regulations for COVID-19 Response

On Friday, March 13, 2020, Texas Governor Greg Abbott issued a Proclamation declaring a state of disaster for the entire state of Texas as a result of the growing crisis related to COVID-19. As in past disaster...more

Blank Rome LLP

Insurance Checklist for Individuals in the Event of Hurricane Losses on the Eastern Seaboard

Blank Rome LLP on

1. Identify and review your insurance policies: Depending on your situation, you may have insurance coverage provided through a homeowner’s policy or renters insurance. Coverage may also be available under an auto policy,...more

Foley & Lardner LLP

Business Interruption Insurance: Why You Need It and How You Can Maximize Your Coverage

Foley & Lardner LLP on

In his recent blog post on disaster planning for businesses, Foley associate Nicholas E. Williams noted: “Business interruption insurance, which covers the loss of income suffered by a business after a disaster, plays an...more

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