Insight and Intelligence on the London & International Insurance Markets 15 Dec 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...
- If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership
- Login Free trial