At Reed Smith, we pride ourselves on forming true partnerships with our clients to find creative and unexpected solutions to the most challenging insurance coverage issues. As part of this commitment, we have authored a column for Thomson Reuters to provide advice, strategies, and information on the full range of insurance coverage issues affecting commercial policyholders. Below is a year-end roundup of the column articles published in 2021.
The appeal of COVID-19 business interruption appeals
As we continue to navigate through the pandemic, business interruption suits and court rulings continue to progress. Our Insurance Recovery team highlights a few of the top COVID-19 business interruption cases on appeal.
’Tis the season for fires and hurricanes: avoiding insurance coverage pitfalls
In the United States in 2020, wildfire damages accounted for more than $16 billion and hurricane damages accounted for an estimated $37 billion. Reed Smith provides a multitude of tips on avoiding common property insurance coverage pitfalls.
Blank-check boom: D&O insurance strategies for SPAC management
Reed Smith’s Insurance Recovery team details how the rise in litigation involving special purpose acquisition companies (SPACs) and the increased regulatory scrutiny of SPACs calls for more focus on D&O coverage for SPAC management.
Don’t make the cure worse than the disease: tips for securing prompt insurance recovery of ransomware losses
Cyberliability insurance often covers ransom payments in ransomware attacks. But in many cases, ransom payments and their associated costs are just the tip of the iceberg. Even those companies fortunate enough to avoid paying a ransom will still incur other substantial costs. Reed Smith offers strategies to quickly and successfully secure insurance coverage for losses arising out of ever-increasing ransomware attacks.