Partner Sergio F. Oehninger was quoted in a Law360 article discussing how businesses are reassessing their insurance coverage in response to geopolitical tensions and supply chain disruptions, highlighting the importance of evaluating policies to address risks such as trade interruptions, contingent business losses, and political instability.
“Whether reviewing their existing programs or preparing for renewal, policyholders will want to develop a careful strategy to evaluate their insurance portfolios for relevant coverages, paying special attention to definitions, endorsements, and potentially applicable exclusions to ensure these meaningful risks do not fall within any coverage gaps," Sergio said.
"When faced with losses, policyholders will want to comply with all notification, claim documentation, proof of loss, cooperation, and suit limitation requirements under their policies and applicable law" he added.