Wednesday, March 10, 2021

COVID-19 Insurance Issues To Watch In Civil Law Countries

A recent judgment from a court of appeal in Spain shows that the outcome of coverage disputes over COVID-19 business interruption losses in civil law jurisdictions may be different from what would be expected in a common law country.

The decision raises some important issues for international insurers and reinsurers to consider, particularly those based in the U.S. or other common law jurisdictions, who may not be familiar with the civil law principles applied by the court. 

José Umbert, of the London office of Zelle, and Miguel Torres, of Martínez-Echevarría & Rivera Abogados, wrote an article regarding this judgment and its potential implications. Click here to read COVID-19 Insurance Issues To Watch In Civil Law Countries. 

Posted by José Umbert

Tuesday, March 2, 2021

Commercial Property Insurance Coverage for Texas Winter Freeze Losses

For an incredible 10-day period in mid-February, Texas was battered by a brutal winter storm bringing snow, ice, and record-low temperatures. Millions of Texans were without power and water for days. These conditions forced thousands of Texas businesses to close during the storm. Many of these businesses also sustained property damage from pipe bursts and resulting water discharge. The property insurance claims have already started to come in. Some believe the storm will be the largest insurance event in Texas history.

Todd Tippett and David Winter, of the Dallas office of Zelle, wrote an article that addresses some of the issues expected to arise in considering whether commercial property insurance policies will provide coverage for Texas freeze claims.  Click here to read Commercial Property Insurance Coverage for Texas Winter Freeze Losses.