Hunton & Williams’ Insurance Recovery Team Head, Walter Andrews, was spotlighted in an article published in the Houston Chronicle last week regarding insurance for losses from Hurricanes Harvey and Irma. While the storms were devastating in their own unique ways – Harvey with extensive flooding; Irma with extreme wind and storm surge – both have substantially impacted local and national businesses.  As Andrews explains, “if you don’t have any customers, or if they can’t access your facilities, you don’t have business.  Many businesses are facing vast amounts of lost earnings during the time it takes to repair hurricane-related damage.” Local business owners facing huge losses have a financial lifeline in the form of business-interruption coverage in their property policies.  Likewise, distant businesses impacted by the storms likely have contingent business interruption coverage that will apply if a business or customer they depend on suffered damage from one of the storms – even if that damage occurred hundreds of miles away from the insured business.

For more information, please visit our Hurricane Insurance Recovery and Advisory center.

Hunton insurance lawyers Michael Levine, Syed Ahmad and Katherine Miller discuss how Hurricanes Harvey and Irma highlight the need for contingent business interruption insurance and why companies with this coverage should be considering how to obtain its benefit for income losses resulting from the recent storms. The article was published this morning in Risk Management.

For more information, please visit our Hurricane Insurance Recovery and Advisory center.

It has been almost a week since Hurricane Harvey came barreling down the Texas coastline as a Category-4 storm. Since that time, parts of Texas and Louisiana have been inundated with flood waters as Harvey continues to wreak havoc. Despite the fact that many of those affected have been unable to reach their homes or business to fully assess the damage because of road closures and flood waters, insureds whose businesses or homes were in the storm’s path should notify their insurers in writing now. The initial written notice should include the following information:

  • Name and contact information for the insured;
  • The location of the loss;
  • The date and time of the loss (to the extent known); and
  • A brief description of the loss.

Continue Reading The First Seven Days: Resources For Policyholders In The Aftermath Of Hurricane Harvey