Law360, New York (April 11, 2013, 12:27 PM ET) -- The National Weather Service assigns an easily remembered name to any weather disturbance that intensifies into a tropical storm. In the wake of Superstorm Sandy, several issues have arisen that relate to various provisions in first-party property insurance policies relating to “named storms.”
This article will examine some of those issues and discuss various points for consideration when dealing with such provisions.
Named Storm Definitions
Some commercial property insurance policies contain what has commonly been referred to as a named storm definition. These definitions vary widely...