Articles Posted in Risk Management

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Colleagues Joseph Jean and Meaghan Murphy recently authored a four-part series examining the myriad insurance considerations brought to the forefront by recent and ongoing events in Iran.

Part I – When Chokepoints Become Chokeholds
When trade routes detour, ports slow and sanctions tighten, the difference between a painful delay and an uninsured loss often comes down to a few lines of policy wording.

Part II – Business Interruption vs. the Supply Chain
Many BI and contingent BI disputes don’t turn on the headline event. They turn on the trigger: What, exactly, counts as a covered loss at a covered location caused by a covered peril.

Part III – Political Risk, Political Violence and the Sanctions Tripwire
Some losses don’t look like “property damage” at all. They look like government action, loss of control, blocked payments or a legal inability to perform. That’s where PRI/political violence wording—and sanctions clauses—do the heavy lifting.

Part IV – War Risks, Detention and the Courts
War-risk losses are rarely “mysteries.” They’re usually fights about ordinary words—“detainment,” “loss,” “costs,” “restraint,” “constructive total loss”—and about which section of a program pays when war is in the causal chain.

Pillsbury is helping clients navigate the shifting geopolitical, regulatory and economic landscape in Iran with informed insight and global perspective. Our experienced team of legal specialists, policy analysts, and former U.S. and UK government officials are actively monitoring the situation and providing integrated risk and response advice in connection with the immediate and long-term impacts of developments in the region.

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It is nearly five years since the winter storms caused blackouts across Texas, when over four million customers lost power as the ERCOT power grid nearly failed. And while the Texas grid weathered the most recent winter storm, what’s clear is that demand and weather conditions continue to put immense strain on the nation’s electric grid.

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This summer, the courts dealt Harvard University a brutal one-two punch.

First, in June, the U.S. Supreme Court ruled against Harvard in the Students for Fair Admissions lawsuit—bringing nearly a decade of expensive litigation to a close by gutting affirmative action practices in student admissions.

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Sexual abuse litigation is increasingly common, and an unfortunate wave of new lawsuits is coming. In her recent alert, Pillsbury’s Joan Cotkin reviews how the insurance industry has responded to these risks with new liability insurance products designed to address such claims, what coverage defenses insurers are likely to assert, and how you can anticipate and respond to them to secure the benefit of your coverage.

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iStock-teamwork-300x123As outside coverage counsel for corporate policyholders, we see firsthand how corporate risk management and legal departments interact and work together—or don’t. Some risk management and legal departments are in sync. They tackle intersecting insurance and legal issues through a unified front, to the company’s benefit. But others seem to operate in silos. This can present a number of coverage pitfalls—from failing to pursue coverage in the first place to jeopardizing claims that have been made. Here are a few of the most common problems we see when risk management and legal departments are not working in harmony, and some practical tips for avoiding them.

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