6 Tips For Responding To Notices Of Catastrophic Loss
April 17, 2012, 12:46 PM EDT
Law360, New York (April 17, 2012, 12:46 PM EDT) -- When significant property damage and attendant business losses occur by fire, explosion, flooding or other catastrophe, injured parties and their insurers often notify potentially liable third parties, including service providers and product manufacturers, of their potential liability for the loss and invite the third parties to participate in future inspections or evidentiary testing.
Proper handling of these notice of loss and inspection letters by the defense can facilitate a more accurate assessment of the risk, avoid future litigation and set the stage for a successful defense...
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