Category Archives: First Party Property

“It’s A Wrap!” Insuring Construction Projects Through OCIPs and CCIPs (Part 3 of 3)

Posted on January 24, 2013 by Daven Lowhurst

Part 3:  Coverage Issues under a Wrap Up Program Part 1 explained the nature of a unified wrap up insurance program for a construction project, and contrasted it with the more traditional approach to insuring project risks.  Part 2 addressed … Continue reading →

Posted in Builder's Risk, Construction, Defense Costs, Duty to Defend, Engineering, First Party Property, General Liability, Pollution, Risk Management | Comments Off

“It’s A Wrap!” Insuring Construction Projects Through OCIPs and CCIPs (Part 2 of 3)

Posted on January 23, 2013 by Daven Lowhurst

Part 2:  The Pros and Cons of Insuring a Project under a Wrap Up Program Part 1 explained the nature of a unified wrap up insurance program for a construction project, and contrasted it with the traditional mechanism of having … Continue reading →

Posted in Builder's Risk, Construction, Engineering, Errors & Omissions, First Party Property, General Liability, Risk Management | Comments Off

No Harm No Foul – California Confirms Notice-Prejudice Rule Applies to 1st Party Loss

Posted on November 2, 2012 by Amanda Schapel

     Answering a lingering question that has dogged many first party claims in California, a California Court of Appeal has found that the “notice-prejudice rule” applies to a first-party proof of loss.  Some first party insurance policies provide that upon … Continue reading →

Posted in First Party Property, General, General Liability, Notice | Comments Off

Sandy — Responding to Catastrophic Losses

Posted on October 31, 2012 by Peter D. Laun

     If your business suffers a flood, wind, or water-damage loss, the insurance claim process requires careful management.  Based on our past experience with such losses, sometimes resulting in difficult litigation, we have identified the following tips and steps for … Continue reading →

Posted in Business Interruption, First Party Property, General, General Liability | Comments Off

Weathering the Storm: Insurance for Severe Weather Events

Posted on April 2, 2012 by Amy J. Fink

The recent outbreak of storms from the Great Lakes to the Gulf Coast resulting in a series of epic tornados serves as a reminder of how severe weather can disrupt lives and businesses.  The damage that can be caused by … Continue reading →

Posted in Business Interruption, First Party Property, General, General Liability | Comments Off

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

Posted on April 2, 2012 by John E. Iole

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 →

Posted in Business Interruption, First Party Property | Comments Off