2018’s first named tropical weather system already struck Florida and states near the Gulf of Mexico. Sub-tropical storm Alberto came a full week before the official start of the 2018 Atlantic Hurricane Season and serves as an unpleasant reminder of 2017’s devastating storm impact. Last year’s hurricane season was one of the most active and destructive in recorded history, producing seventeen named storms and causing over $250 billion of damage across the Gulf Coast and Puerto Rico. And, according to the National Oceanic and Atmospheric Administration’s (“NOAA”) forecast, this year’s hurricane season could be dangerously similar.
Showing posts with label ACC. Show all posts
Showing posts with label ACC. Show all posts
Thursday, May 31, 2018
Tuesday, May 1, 2018
Hurricane Harvey Flooding Continues to Muddy the Waters
As Texas continues to rebuild in the aftermath of Hurricane Harvey, the extent of the damage Harvey left in its wake is just now being realized. To date, private insurers have seen more than 670,000 property insurance claims resulting from Harvey.[1] The Texas Department of Insurance reports that insurers have paid out more than $4.5 billion in Harvey claims, with the expected number projected to increase to $15.7 billion by the time all claims are reported and settled.[2] Of these claims, more than 354,000 are residential property claims, and around 37,000 are commercial property.[3]
Monday, September 11, 2017
Hurricane Irma – The State of Concurrent Causation and ACC Clauses in Florida
For years Florida courts were plagued by the issue of determining the appropriate theory of recovery to apply when two or more perils converge to cause a loss and at least one of the perils is excluded from an insurance policy. Florida courts developed two competing (and potentially inconsistent) theories on how to assess coverage: the efficient proximate cause and concurrent causation doctrines. In December 2016, the Florida Supreme Court in Sebo v. Am. Home Assurance Co., 208 So. 3d 694 (Fla. 2016) put an end to this decades-long debate when it formally adopted the concurrent causation doctrine in a case involving multiple perils and a first-party insurance policy.
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