Business Interruption Insurance Midwest Floods Have Caused an Unprecedented Amount of Damage
The recent floods in southern Indiana and elsewhere in the Midwest have caused an unprecedented amount of damage to commercial and industrial property. With the widespread and catastrophic nature of the damage, it should come as no surprise that insurers will seek to limit their losses, including denying potentially covered
claims, leading to protracted litigation with some policyholders over flood and business interruption losses. Losses that have not been carefully documented will almost certainly be challenged and may not be paid. Thus, it is not always safe to deal exclusively with your insurance broker. It may be necessary to seek legal help to maximize your recovery for losses stemming from the interruption of your business.
In the summer of 2007, levels of mergers & acquisitions (M&A) activity took a drastic downturn. In 2006, and early 2007, we witnessed record levels of strategic M&A and private equity buyout transactions. Flush with cash due, in part, to the collateralized lending obligations market, lenders backing private equity sponsors
loosened traditional credit standards and adopted modified lending products to accommodate their needs.
Ice Miller is currently partnering with WFYI to bring you SMS text or e-mail topic alerts in advance of the Indiana Week in Review program. Sign up to receive the alerts
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The recent floods in southern Indiana and elsewhere in the Midwest have caused an unprecedented amount of damage to commercial and industrial property. With the widespread and catastrophic nature of the damage, it should come as no surprise that insurers will seek to limit their losses, including denying potentially covered
claims, leading to protracted litigation with some policyholders over flood and business interruption losses. Losses that have not been carefully documented will almost certainly be challenged and may not be paid. Thus, it is not always safe to deal exclusively with your insurance broker. It may be necessary to seek legal help to maximize your recovery for losses stemming from the interruption of your business.
In the summer of 2007, levels of mergers & acquisitions (M&A) activity took a drastic downturn. In 2006, and early 2007, we witnessed record levels of strategic M&A and private equity buyout transactions. Flush with cash due, in part, to the collateralized lending obligations market, lenders backing private equity sponsors
loosened traditional credit standards and adopted modified lending products to accommodate their needs.
Ice Miller is currently partnering with WFYI to bring you SMS text or e-mail topic alerts in advance of the Indiana Week in Review program. Sign up to receive the