A commentary on insurance coverage issues in Hawaii and beyond
Our firm has had many questions on insurance related issues since Friday's Earthquake and Tsunami in Japan. The following outline is quick primer on insurance coverage related to natural catastrophes.
INSURING PROPERTY FOR CATASTROPHES
● Cost of Natural Disasters:
∙ Hurricane Katrina in 2005 cost insurers and reinsurers $62.2 billion.
∙ Hurricane Ike in 2008 cost the insurance
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I can't resist reading a decision regarding a dispute over hurricane coverage for property owned by an Alaska Native Corporation. See Arctic Slope Regional Corp. v. Affiliated FM Ins. Co., No. 08-30050, 2009 U.S. App. LEXIS 6900 (5th Cir. April 2, 2009). The Arctic Slope Regional Corporation, one of the few lucrative Native Corporations formed under the…
