Reinsurance is insurance.  It’s as simple as that.  It is coverage that insurance companies (known as the ‘ceding’ party) buy from one or more reinsurers as a means of risk management.  What is the risk?  The risk is the amount of coverage/exposure that the insurance company holds in its underwritten policies. Theoretically, at any time […]

One year ago in these pages, several articles explored various aspects of preparing for disaster.  The ABA’s Tort and Insurance Practice Section, led by Seattle attorney Randy Aliment, Dedicated a year to the subject.  Superstorm Sandy drove home the point. Your firm is your business.  Your clients are hard won, and with ever increasing competition,

Many businesses affected by Superstorm Sandy are now facing the reality of filing business interruption claims due to damage sustained during the storm.   Some of these claimants may find themselves struggling to repair damaged infrastructure that is essential to their business and are seeking out assistance from their insurer.