Author Archives: John E. Iole

Coverage for Settlements and Defense Costs Covered by Bermuda Form Insurance — Must You Be “Actually Liable”?

On February 28, 2013, the Commercial Court (part of the England and Wales High Court, Queens Bench Division) issued the judgment in AstraZeneca Ins. Co. Ltd. v. XL Insurance (Bermuda) Ltd. and ACE Bermuda Ins. Ltd. [2013] EWHC 349 (Comm) … Continue reading

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Grounding Liability Insurance – What is a “Grounding”?

No airline wants to ground any part of its fleet unless safety considerations require such action.  Likewise, no aviation product manufacturer wants its product to be implicated in a grounding order.  Nevertheless, once the FAA has issued a mandatory grounding … Continue reading

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Business Interruption, Contingent Business Interruption And Counting Occurrences In Natural Disasters — The 72-Hour Clause

As a consequence of the disasters in Japan and Thailand in 2011, many companies are working through the process of presenting business (or contingent business) interruption claims due to supply chain disruption.  Such losses also are called “time element losses.”  … Continue reading

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