Harvey losses to create complex legal challenge
Determining the root cause of Hurricane Harvey losses and
identifying whether claims should fall to the private sector or the
state will create a huge legal conundrum in the wake of the storm,
lawyers have said.
Lawyers will need to identify which losses are wind-related and
which are caused by flooding, with residential flood largely picked
up by the National Flood Insurance Program (NFIP) and coverage in
the commercial market for the peril patchier and often
sub-limited.
From an insurance...
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