property insurance time element coverage News

When Lights Go Out as They Did in Texas, Insurance Coverage Could Turn On

The power was still off in Texas last month when rating agencies began predicting that the weather-related catastrophe would cause unprecedented losses for insurance companies. On February 19, rating agency A.M. Best forecast that insurance companies “could suffer record first-quarter …

Commentary: Swatch Fire Losses and Contingent Business Interruption Coverage

An oft-overlooked insurance coverage found in many commercial property policies called “contingent business interruption” coverage may provide insurance proceeds to companies throughout the watch industry to cover their economic losses suffered as a result of a fire that devastated the …