Insurance E&O Liability Arising from Superstorm Sandy

A Commentary by Kenneth M. Labbate & Carrie C. Turner of Mound Cotton Wollan & Greengrass. See below for author bios.

Well, the rails are washed out north of town, We gotta head for higher ground. We can’t come back till the water comes down, Five feet high and risin’.¹

Superstorm Sandy’s devastating clash with the Northeastern seaboard was likely only the first in a series of breakers arising from the storm. The insurance industry may find itself under water next. “[T]he most direct impact will be claims for property damage [due to flooding and power outages,] and business …