United States:
Hunton Insurance Recovery Blog: Hunton Insurance Recovery Attorneys Discuss Insurance Coverage For Electric Utilities' Wildfire Liabilities
28 February 2019
Hunton Andrews Kurth LLP
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In an article appearing in Electric
Light & Power, Hunton insurance recovery lawyers,
Lawrence Bracken,
Sergio Oehninger and
Alexander Russo discuss the insurability of losses resulting
from the recent wildfires in California. Many affected by the
tragedy have tried to shift responsibility to utility and power
companies, which also may face subrogation claims from insurers
that paid property and business owners for first-party losses. In
addition, liability insurance programs may help defray costs
imposed upon those believed to be at fault, including costs
resulting from shareholder and investor suits, regulatory and
governmental investigations, fines and penalties, and future legal
settlements.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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