4 Primary Phases In Complex Insurance Claims

Law360, New York (November 19, 2012, 1:12 PM EST) -- Businesses affected by Hurricane Sandy or any other catastrophic event face an insurance claim process that is more difficult and complex than other claims they might see in their business lifetime.

It is not uncommon for a complex insurance claim to take up to 12 months from the date of loss to the date of final settlement.

A complex insurance claim consists of four primary phases, including the critical, honeymoon, hardening and settlement phases. Each phase has its own characteristics, and knowing what to expect during...
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