How To Maximize Insurance Recovery After Hurricane Matthew

Law360, New York (October 12, 2016, 5:37 PM EDT) -- After several years of below-normal Atlantic hurricane activity, Hurricane Matthew has provided a forceful reminder of the devastation such storms can leave behind. While reports vary, Matthew contributed to the deaths of hundreds in Haiti before creeping up the Florida coastline bringing torrential rain, record flooding and sustained winds in excess of 100 mph. Hundreds of businesses have closed in Florida, Georgia and the Carolinas, thousands of flights have been canceled, and hundreds of thousands are without power or other services. As Matthew churns into the Atlantic, residents and businesses are already turning toward recovery and rebuilding. For many businesses, however, lost revenues may outweigh the cost of repairing damaged property and may continue long after the flood waters have receded. For corporate policyholders facing lost profits and related expense in the wake of Hurricane Matthew, here are three considerations for maximizing business interruption insurance recovery....

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