The founding partners of Stalker, Vogrin, Bracken & Frimet LLP have more than 80 years of aggregate experience in the insurance and reinsurance industry. We formed SVBF to service the full needs of our international clients through dynamic lawyering and risk assessment in order to allow them to make informed business decisions.
Tim Stalker and Silje Roalsvik will be attending this mid-year conference. Tim will also be presenting on “Super Storm Sandy: “Current Issues and Lessons Learned“, along with Matthew Brasch and Peter Hartt.
Tom Bracken, George Vogrin, and Mike Frimet are attending the North American Contingency Association annual seminar and conference in Marco Island, Florida the week of May 13-17. Tom (current Board VP) and George and Mike (past Board Directors) will be moderating and presenting on panels. George will be on the Reinsurance Panel and Mike will be on panel featuring SuperStorm Sandy impact.
Darren Harrison and Tim Stalker successfully obtained dismissal of all claims against their client in a case involving the alleged negligent pumping of oil into a homeowners’ water well. Plaintiffs sued SVBF’s client under breach of contract and/or promissory estoppel legal theories. The Court agreed with SVBF’s legal arguments and granted summary judgment in favor of SVBF’s client and dismissed all claims for a complete victory.
In the aftermath of Super Storm Sandy, insurers are facing an onslaught of property and flood claims. Concurrent causation and the anti-concurrent causation provisions and endorsements found in many insurance policies will undoubtedly be given a closer look and put to the test. Because of the significant financial impact that Sandy has wrought to the Mid-Atlantic States and eventually to insurers and reinsurers, we have taken a closer look at the current law in New Jersey, New York and Pennsylvania regarding concurrent causation and anti-concurrent causation provisions in insurance policies. Click here to read the article.
At the direction of the Governor, the Financial Services Superintendent, Benjamin M. Lawsky, has instructed insurers to accept homeowners’ documentation, including photos and video, of losses so residents can discard debris before a second storm hits the region. A Nor’easter is due to hit the area on Wednesday. Typically, insurance companies require an on-site inspection first before a claim can be processed. This, in effect, eliminates that requirement. The basis of the drastic measure was for health and safety reasons and the desire to remove the dangerous debris that many individuals were keeping outside of their homes prior to the next storm.