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Wide Area Damage and the "But For" Test (CE Available)
Amidst a global pandemic and catastrophic-level losses from riots, the U.S. insurance industry is now staring down the barrel of the 2020 hurricane season. Measurement and coverage issues around wide area damage have never been more complex or uncertain – not to mention an unprecedented court case brought on by the Financial Conduct Authority (FCA) in the UK on behalf of policyholders looking at causation in relation to BI insurance policies.

To help navigate these challenges, Lowers Forensic International (LFI) invites insurance carriers, claims professionals, underwriters and brokers to join our second CAT Response 2020 Insurance Industry Town Hall and learn how wide area damage (WAD) stemming from a hurricane or natural disaster in the midst of COVID and the current environment is likely to impact business interruption policy coverage and calculations.

LFI is an approved provider of Continuing Education (CE). This Town Hall is currently approved for CE in DE, FL, TX, GA, WY, PA, IL and RI, with IN, MA, CT, and OK pending. A certificate of attendance will be issued to all attendees.

Key Takeaways
• Evolution of wide area damage and concurrent causes of loss - before and after the pandemic
• Overview of key factors influencing coverage and measurement of loss related to wide area damage
• Real world example of applying the “but for” test to WAD claims resulting from catastrophic events
• Proximate cause and the difference between independent vs interdependent concurrent causes of loss when it comes to insurance coverage
• How COVID is likely to impact BI claims during the 2020 hurricane season
• How results of the FCA’s court case will impact future questions of causation related to PD/BI policies

Aug 5, 2020 01:00 PM in Eastern Time (US and Canada)

Webinar is over, you cannot register now. If you have any questions, please contact Webinar host: Bryan Munson.