Tag Archives: Lloyd’s of London

Hurricane Michael Policyholders, Public Adjusters, Contractors, and Agents Warning About Some Policies With One Year Limitations To File Arbitration

Hurricane Michael policyholders, public adjusters, contractors and agents must check their policies to make certain that there is not a one-year deadline to start arbitration. The above photo is Lloyds at London. Lloyds is a place where surplus lines insurers do business and it is not an insurance company. Many of the Lloyds Underwriters have … Continue Reading

Lloyds Delaying Payment on Many Claims

Lately I have had several public insurance adjusters call me about a specific problem with Lloyds.1 The public adjuster and the Lloyds (third-party) adjuster agree on the scope and amount of damages on a claim. Then Lloyds never pays. It’s not that Lloyds refuses to pay. They just don’t pay, like for a real long … Continue Reading

Lloyd’s Market Association Reviews its Contingent Business Income Products and Claim Exposure

Contingent Business Income products are necessary, if not vital, in today’s global market. In Understanding Supply Chain Exposures – Business Interruption Claims, Part 76, I wrote: Businesses develop and thrive on symbiotic relationships, in which the entities rely on the continued operational viability of each other,(or even exclusively beneficial relationships. Few businesses, however, consider the … Continue Reading

Lawsuits Against “Lloyd’s of London” are Often Wrongly “Named”

Matt Litsky represents certain underwriters and syndicates from Lloyd’s. I have talked with Matt and written others explaining that many policyholder counsel incorrectly file suit against Lloyd’s. Failing to properly name and serve Lloyd’s can lead to dismissed legal actions and possible malpractice claims against counsel who make these mistakes.… Continue Reading