Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
Harvey losses to create complex legal challenge
- 5 September 2017
Determining the root cause of Hurricane Harvey losses and identifying whether claims should fall to the private sector or the state will create a huge legal conundrum in the wake of the storm, lawyers have said.
Lawyers will need to identify which losses are wind-related and which are caused by flooding, with residential flood largely picked up by the National Flood Insurance Program (NFIP) and coverage in the commercial market for the peril patchier and often sub-limited.
From an insurance...
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