Anti-Concurrent-Causes Clause Bars Coverage When One Cause is Excluded

In JAW The Pointe, L.L.C., v. Lexington Ins. Co., 2015 WL 1870054 (Tex. April 24, 2015), the Texas Supreme Court found an insurer did not violate the Texas Insurance Code and the Texas Deceptive Trade Practices Act by denying coverage where the damages in question were caused in part by flooding, a cause excluded by the policy.

JAW The Pointe purchased an apartment complex in Galveston, Texas in 2007, only 14 months before Hurricane Ike struck. The complex sustained significant damage – estimated at …

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Both Parties Agree – Delay NFIP Rate Hikes

In a time when bipartisanship appears to be fleeting, both parties have unveiled legislation designed to delay the National Flood Insurance Program(NFIP) rate hikes mandated under the Biggert-Waters Flood Insurance Reform Act of 2012.

In May 2013, Senator Mary Landrieu, D-LA, introduced a Senate bill delaying the rate hikes. However, the legislation which has been unveiled and will soon be introduced, appears to be a coordinated effort on the part of members of both parties in both chambers. On key sponsor in the …

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LSE Report Predicts Stormy Weather for UK’s Flood Re Scheme

A recent report by the London School of Economics and Political Science provides for a stormy forecast for Britain’s new proposed flood insurance programme, largely in part due to climate change.

Flooding is perhaps one of the biggest natural disasters the UK faces. However, the ability to insure against this risk has provided uneven and ineffective results, much like it has in other places including the U.S. Consequently, the UK government and the Association of British Insurers (ABI) have a proposed a scheme to stabilize …

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