Property Insurance Claims: Harder To Settle Than Ever

Law360, New York (June 18, 2010, 12:54 PM EDT) -- How much of a typical large property claim (property, builder's risk, business interruption and extra expense losses in excess of $5 million) actually gets paid by insurance, and how long does it take to settle a large claim with an insurance company?

After 20 years of consulting on a variety of large property losses, I have my own ideas, but unlike smaller losses, for which statistics are regularly compiled, very little information is publicly available about large property claims. This is partly because they are relatively...
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