Business Interruption Insurance: Lessons Learned from the Pandemic
Recording Available: Friday, September 04, 2020
The COVID-19 pandemic is drastically affecting today’s global economy. Because of the temporary closures and disrupted supply chains and sales, businesses are being confronted with profound income losses. This fallout has prompted an upsurge in the number of business interruption insurance claims filings. However, coverage policies may not always include virus-related income loss claims. Thus, it becomes imperative to closely review one’s insurance terms and conditions to know if the coverage would let them submit a claim to their insurance carriers.
In a LIVE Webcast, a panel of key thought leaders and professionals assembled by The Knowledge Group will provide an in-depth discussion of business interruption insurance. Speakers will also offer practical strategies to avoid red flags in this uncertain time.
Key issues include:
- Insurance Legislation: Trends and Updates
- Business Interruption Insurance Policies
- Red Flags
- Best Practices Amid Covid-19 Crisis
- What Lies Ahead
Eversheds Sutherland (US) LLP
Bradley Arant Boult Cummings LLP
Who Should Attend:
- Insurance Lawyers
- In-House and Outside Counsel
- Claims Executives and Managers
- Corporate Risk Managers
- Insurance Companies
Karl Schwabauer has extensive experience providing forensic accounting, economic damage assessment and valuation services. He has testified dozens of times at trial, deposition, arbitration and as a court‐appointed expert for matters related to fraud or financial misrepresentation, accounting issues, breach of fiduciary duties, contract disputes, shareholder/partner disputes, insurance disputes, intellectual property disputes, and valuation and solvency issues.
As a CPA licensed in multiple states, Karl also assists clients with non-litigation valuation services for corporations, partnerships, individuals, estates and trusts. He earned the Certified Valuation Analyst (CVA) credential through the National Association of Certified Valuators and Analysts (NACVA) and also holds the Certified in Financial Forensics (CFF) designation through the AICPA. Karl earned a Master of Business Administration from California State University – Dominguez Hills and a Bachelor of Science in accounting from the University of Louisiana at Lafayette.
Karl Schwabauer has extensive experience providing forensic accounting, economic damage assessment and valuation services. He has testified dozens of times …
John Pruitt guides insurance companies in every aspect of their business—from responding to regulatory inquiries to developing new companies or buying and selling existing ones. In more than 25 years of private practice, John has advised property and casualty and life insurance clients on regulatory compliance, acquisitions, dispositions and restructurings. He counsels clients with governance, licensing, financial and market conduct examination and Insurance Holding Company Act matters. He also drafts, advises and negotiates reinsurance contracts and insurance policies.
John represents his clients in internal investigations and regulatory enforcement actions, including matters such as broker compensation practices, finite risk reinsurance, rating practices and insurance sales and marketing practices. He is a recognized thought leader in insurance regulation and actively monitors emerging issues in U.S. domestic and international regulation of insurance.
As co-head of the Eversheds Sutherland Global Insurance group, John also leads the US team that covers property/casualty issues at the National Association of Insurance Commissioners (NAIC).
John Pruitt guides insurance companies in every aspect of their business—from responding to regulatory inquiries to developing new companies or …
Ben Milam is an associate attorney on Bradley’s Policyholder Insurance Coverage Team. Ben’s practice includes assisting clients with insurance needs, advising on matters of coverage, and helping policyholders resolve disputes with their insurer. He has assisted on a variety of insurance matters, including issues pertaining to commercial general liability, property, title, directors and officers and entity liability, and errors and omissions coverage.
Ben Milam is an associate attorney on Bradley’s Policyholder Insurance Coverage Team. Ben’s practice includes assisting clients with insurance needs, …
Print and review course materials
Method of Presentation:
Live Webcast; Group-Internet Based
General knowledge of insurance coverage law
NY Category of CLE Credit:
Areas of Professional Practice
NASBA Field of Study:
Specialized Knowledge - Technical
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Weaver, the largest independent CPA firm based in the Southwest, is a Texas-based, national accounting firm with comprehensive capabilities. Weaver does the things you’d expect: traditional assurance and tax services. However, Weaver also provides a wide array of advisory services including risk advisory, transaction advisory, IT advisory, energy compliance services, forensics and litigation, financial institutions consulting and public company services.
About Eversheds Sutherland (US) LLP
As a global top 10 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 75 of the Fortune 100, 68 of the FTSE 100 and 113 of the Fortune 200. With more than 3,000 lawyers, Eversheds Sutherland operates in 69 offices in 34 jurisdictions across Africa, Asia, Europe, the Middle East and the United States.
Eversheds Sutherland is a global legal practice and comprises two separate legal entities: Eversheds Sutherland (International) LLP (headquartered in the UK) and Eversheds Sutherland (US) LLP (headquartered in the US), and their respective controlled, managed, affiliated and member firms. For more information, visit eversheds-sutherland.com.
About Bradley Arant Boult Cummings LLP
Bradley is a national law firm with a reputation for skilled legal work, exceptional client service, and impeccable integrity. The firm provides business clients around the world with a full suite of legal services in dozens of industries and practice areas. Their nine offices are located in Alabama, Florida, Mississippi, North Carolina, Tennessee, Texas, and the District of Columbia, giving us an extensive geographic base to represent clients on a regional, national, and international basis. We frequently serve as national coordinating counsel, regional counsel, and statewide counsel for clients in various industries.
Although Bradley is a large law firm with over 500 lawyers, their clients still enjoy the personal attention, responsiveness, and deep relationships they would expect from a boutique firm. The fimr’s attorneys and staff combine legal experience and knowledge with sophisticated understanding of industries to work side by side with clients and come up with practical, strategic solutions specifically tailored to their businesses and operations. Bradley lawyers use their talents, judgment, work ethic, and experience to go above and beyond expectations to help our clients meet their goals.