Hartford Partner Don Frechette is quoted about potential coverage issues and questions related to Hurricane Harvey.
Regarding how past events have led to changes in policy language to address these coverage and claims issues, Frechette said: “As a result of that significant litigation following Katrina and Sandy, many commercial property insurers changed policy coverage to enforce sublimits, regardless of the peril that led to the flooding. Additionally, in the wake of those storms, the use of storm-surge clauses has become more common. Further, underwriters have adjusted their policy wording on business interruption policies to better clarify what is or is not covered. For example, many policies limit coverage to a single covered tier.”
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