Verne Pedro

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Coverage B: Protecting Your “She Sheds” – Fences, Detached Garages, and Other Structures on Your Property

What the #*&@%! is a she-shed? Pardon the provocative preamble to this post. If you’ve seen the television commercial, then you know the scenario I am about to discuss. Upset couple watching the so-called “she shed” burn to the ground while they are on the phone with their insurance agent. Is the posh “she shed” … Continue Reading

Insurer Must Cover Policyholder’s $4.8 Million Cyber-Scam Loss

It’s the stuff that dreams are made of. Humphrey Bogart delivers this memorable line at the end of The Maltese Falcon, summing up the allure of the shady characters’ search for the eponymous, elusive relic. Pro-policyholder case law can be equally elusive, especially when unsettled areas of insurance law, like coverage for cyber losses, are … Continue Reading

Top Seven Things Public Adjusters Should Know About Cyber Risks and Cyber Insurance

Cyber-risks are not just about corporate data breaches anymore. I recently spoke to a public adjuster who said he was a victim of a ransomware attack. Ransomware is malicious software (malware) installed on a computer, smart phone, or other mobile device, without the owner’s consent. Once malware is installed, cybercriminals can monitor and control online … Continue Reading

What is a Collapse? Crumbling Concrete Case is Catalyst for Coverage Query Certified to State Supreme Court

Recognizing the public policy implications of an unsettled, recurring coverage issue involving crumbling concrete foundations in thousands of Connecticut homes, U.S. District Court Judge Stefan Underhill recently certified the following insurance coverage question to the Supreme Court of Connecticut: What constitutes a “substantial impairment of structural integrity” for purposes of applying the “collapse” provision of … Continue Reading

Restaurant Risks: Six Quick Coverage Summaries for Restaurants, Taverns and Other Establishments

Most restaurant and bar owners purchase coverage for property damage and third-party liability. But there are other important coverages that might be overlooked, or might not be purchased, that could be critical to the operation and viability of the business. Here are some basic coverages we think anyone in the restaurant industry, or readers adjusting … Continue Reading

Losses in Cyber-Space: Recovering Insurance Proceeds When Your Computer Data Can’t Be Recovered (Part One)

This is the first post in a three-part series about first-party coverage for losses of computer data. Labor Day 2016 was a bad day for my client. That was the day her web host company hit the delete button, knocking her offline and completely wiping out her business website. Instead of celebrating a holiday weekend, … Continue Reading

New York Appellate Court Affirms Policyholder’s $58m Property Damage and Business Interruption Win

Never meet the enemy on their own terms. This memorable line from Rudolph Mate’s classic western, The Violent Men, motivates the hero, an embattled ranch owner, as he matches wits and brute force against a ruthless, greedy land baron. The hero’s struggle reminded me of the coverage showdown in National Union Fire Ins. Co. v. TransCanada,1 … Continue Reading

New Cybersecurity Regulations Series (Part Two)

Part two of this series continues exploring cybersecurity regulations and breach notification requirements. [Read Part One here]. The first installment of this post mentioned some of the cyber security regulations in New York, which has been noted as leading the pack in this area.1 Part two follows up with a few additional regulations and calls to … Continue Reading
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