As recovery and rebuilding efforts drag on in Puerto Rico, Hurricane Maria’s impact on Big Pharma is radiating across the U.S., and around the globe as the dozens of drugs manufactured in Puerto Rico become scarce. Maria brought drug manufacturing to a screeching halt in Puerto Rico, where about 10 percent of all drugs prescribed in the U.S. are made. The FDA is focused on about 40 drugs it expects to be in short supply, including 13 that are made only in Puerto Rico.
Thursday, October 26, 2017
Tuesday, October 24, 2017
Is Event Cancellation Coverage Up In Smoke?
As of the date of the publication of this blog entry, the wildfires that have been ravaging Northern California since October 8, 2017 have been somewhat contained. However, the slightest change in weather conditions could frustrate the efforts of firefighters and first responders and cause even more devastation to the region. The investigation into the cause(s) of the fires is still ongoing. Early reports indicated that faulty equipment of California utility PG&E may have ignited the fire, but at least one person has since been arrested on suspicions of arson.
Tuesday, October 10, 2017
Rain, Rain, Go Away, Don’t Flood Again in Texas Any Day
In 2001, Houston, Texas was in the path of the slow-moving, rain-heavy Tropical Storm Allison. That storm caused extensive flooding in downtown Houston and surrounding areas, ultimately dropping over 40 inches of rain in Southeast, Texas. And with that rain, and rain-caused flooding, people made insurance claims. Texas courts were therefore given the opportunity to analyze how water and flood in insurance policies should be interpreted under Texas law.
Thursday, October 5, 2017
Insurance Bad Faith Under Puerto Rico Law
Last month, as Hurricane Maria bore down on Puerto Rico, we reposted our Puerto Rico claims checklist and an analysis of causation under Puerto Rico law. In Maria’s devastating aftermath, many Puerto Ricans are still focused on necessities, and filing an insurance claim for damage to their home or business is not top of mind. But as recovery efforts gain momentum, the claims will begin to come in. Now is the time to review our posts from last month and consider how Puerto Rico law may apply to handling Maria insurance claims.
Wednesday, October 4, 2017
Civil Authority Coverage in the Wake of Harvey and Irma
As the category 4 Hurricane Harvey approached the Texas Gulf Coast, many areas evacuated in preparation for the storm. And in the wake of the hurricane and the widespread flooding that followed, additional evacuations and curfews followed.
Thursday, September 28, 2017
Post-Irma Contingent Business Interruption (CBI) Claims
After Hurricane Harvey slammed into southeast Texas on August 25, 2017, our colleague Shannon O’Malley posted about the contingent business interruption (CBI) claims that would inevitably follow due to damage suffered by refining, chemical, and petrochemical facilities that supply critical products to manufacturers and other businesses across the country and around the world. (See “Contingent BI: Why Do I have a Hurricane Harvey Claim from Hoboken?”)
Tuesday, September 19, 2017
Earthquakes & Hurricanes in Mexico (Any End in Sight?): Tips for International Insurers
A powerful 8.1 magnitude earthquake struck southern Mexico late Thursday, September 7, 2017. According to the U.S. Geological Survey, the epicenter of the earthquake was in the Pacific Ocean off the coast of the state of Chiapas – the southernmost state in Mexico. Because of the magnitude of the quake, its effects were felt throughout Mexico and as far north as Mexico City – 600 miles from its epicenter. Approximately 50 million people across Mexico felt the tremors from the quake. The earthquake, one of the most powerful ever recorded in Mexico, toppled hundreds of buildings, and killed at least 61 people.
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