Four members of our Insurance and Reinsurance Department recently conducted a webinar in which they addressed potential claims arising from the Boston Marathon bombings as well as possible insurance implications related to those claims. They discussed a variety of issues, focusing on who will likely bear financial responsibility for the resulting losses and the availability of insurance coverage for both the victims injured by the blast and the scores of businesses impacted by the bombings. They also addressed potential claims that may be asserted by people who suffered physical injury as a result of the bombings, property damage and other forms of financial loss, including possible claims of sponsorship liability and the defense of sovereign immunity. Additionally, they discussed the potential application of terrorism coverages and exclusions, with a focus on TRIA and its application to these claims, as well as business interruption and contingent business interruption coverages, civil authority, ingress/egress, and event cancellation coverages.
In case you missed the live webinar on May 23, you can view the webinar by clicking here.
During the live webinar, several attendees submitted interesting questions and you can read the presenters’ responses by clicking here.
You can click here to read an article about the Boston Marathon bombings and the potential claims and insurance implications.
Finally, in connection with a discussion of sponsorship liability, the presenters referred to the District of Rhode Island opinion in Gray v Derderian as a recent example of the potential liability of event sponsors. You can review Gray v. Derderian by clicking here.
If you have any questions for the presenters, you can contact them directly – Darlene Alt, Laura Bange, Brian Green and Stephen Prignano.
They are following developments related to these issues and will provide updates here on InsureReinsure.com.