Time Traps In 1st-Party Property Policies: Part 1

Law360, New York (February 18, 2014, 5:40 PM EST) -- It seems like every day we hear about yet another natural or manmade disaster, be it hurricane, earthquake, tornado, fire or explosion, that gives rise to claims likely to be covered under the broad array of coverages typically found in first-party property insurance policies.

If your company has suffered losses caused by damage to its premises and/or by damage to third-party property, there may be coverage for such losses under your company’s first-party property policies, among other policies. Under these circumstances, companies should act quickly to...
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