Catastrophic Event Insurance Claims

Response, Management and Resolution

Monday, March 27, 2006

About

Preliminary estimates of insured losses from Hurricane Katrina have been placed between $35 billion and $60 billion. While these figures are staggering in their own right, more alarming is that seven of the ten costliest storms in U.S. history have taken place in the past two hurricane seasons. And many experts believe that we are in a cycle of heightened hurricane activity that could last for years. Now more than ever, insurance and reinsurance companies need to put systems in place to handle high volumes of complex catastrophe claims. American Conference Institute has developed the Catastrophic Events Insurance Claims publicationto provide insurers and reinsurers with the most current strategies for handling the challenges of catastrophe claims

Get practical guidance on:
  • Making cause of loss and number of occurrence determinations
  • Responding to regulatory initiatives in Katrina's aftermath
  • Supervising an efficient claims adjustment process
  • Determining what cleanup costs should (and should not) be covered

Contents & Contributors

About

Preliminary estimates of insured losses from Hurricane Katrina have been placed between $35 billion and $60 billion. While these figures are staggering in their own right, more alarming is that seven of the ten costliest storms in U.S. history have taken place in the past two hurricane seasons. And many experts believe that we are in a cycle of heightened hurricane activity that could last for years. Now more than ever, insurance and reinsurance companies need to put systems in place to handle high volumes of complex catastrophe claims. American Conference Institute has developed the Catastrophic Events Insurance Claims publicationto provide insurers and reinsurers with the most current strategies for handling the challenges of catastrophe claims

Get practical guidance on:
  • Making cause of loss and number of occurrence determinations
  • Responding to regulatory initiatives in Katrina's aftermath
  • Supervising an efficient claims adjustment process
  • Determining what cleanup costs should (and should not) be covered

Contents & Contributors


CATASTROPHIC EVENTS INSURANCE CLAIMS
Peter Rizacos, SCOR Reinsurance Company

BUSINESS INTERRUPTION COVERAGE
Elliott M. Kroll, Herrick, Feinstein LLP

FEDERAL AND STATE LAWS AFFECTING CATASTROPHIC EVENTS
Linda S. Kaiser, Cozen O'Connor

PROPOSED LEGISLATIVE AND REGULATORY ACTIONS: FOLLOWING HURRICANES KATRINA, RITA AND WILMA: AN OVERVIEW OF THE NEW STATE AND FEDERAL ACTIVITIES
Finley Harckham, Anderson Kill & Olick, P.C.

RESOLVING CLAIMS INVOLVING POLLUTANTS, CONTAMINATION AND MOLD
Wayne R. Glaubinger, Mound Cotton Wollan & Greengrass
Ira Bergman, White and Williams, LLP

CLAIMS ADJUSTMENT PROCESS CONSIDERATIONS
Thomas Leidell, XL Insurance
Christopher Kende, Cozen O'Connor

THE IMPACT OF POST-KATRINA LITIGATION ON POLICY UNDERWRITING, COVERAGE AND CLAIMS: CHANGING THE RULES, OR JUST A LAWYER PUBLICITY STUNT?
William J. Taylor Esq., White and Williams LLP

HANDLING UNIQUE CATASTROPHE CLAIMS
Lee Routledge, SCOR Reinsurance Company
Charles Scibetta, Clifford Chance LLP



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0