Businesses and their insurers must respond to real property losses from Hurricane Sandy, as well as direct and contingent business interruption losses from facility closures, interruption in supply chains, disruption of transportation systems and other considerations. These losses present a variety of important commercial insurance questions, both for the insurers who may be asked to pay for these losses and for the companies seeking to recoup any diminished profits.
Laura A. Foggan and Dale E. Hausman, partners at Wiley Rein LLP, who regularly represents insurers in important coverage matters, and Lorelie S. Masters a partner at Jenner & Block LLP and a leading policyholder advocate, will discuss key legal issues in insurance for such losses during this important briefing. The program will provide an overview of:
The insurance coverage issues that may be implicated by U.S. business losses
Steps businesses and insurers can take now to review relevant insurance programs
Coverage limitations in widely-used property, specialty and other policy forms
Relevant U.S. case law from other events causing business losses, such as 9/11and Hurricane Katrina