Problems viewing this email? Click Here December 17, 2015      Q&A of the Week Must Property Deductible Be Met for Business Income Insurance to Apply? A Kentucky subscriber recently asked the following question: Our insured has a large $2 million property deductible. However the period of restoration begins immediately after the loss. Must the insured prove that the deductible for direct damage will be exceeded, before the carrier will pay for the loss of business income? ANSWER: Generally, business income policies do not require that the property deductible be exceeded in order to be triggered. BI policies often have a time deductible—usually seventy-two hours—before they kick in, but if the period of restoration on your policy begins immediately, then there is no time deductible either. As long as a the elements necessary to trigger the policy occur—direct physical damage that causes a suspension of operations during the period of restoration—then the $2 million property deductible would not have to be met. Read More    What's New This Week in FC&S Funeral Homes ISO Market Segments Program The ISO Market Segments Funeral Homes endorsement, MS FH 01 07 13 is a wrap around endorsement, which modifies the Building and Personal Property form, CP 00 10 10 12; the Causes Of Loss – Special form, CP 10 30 10 12; and the Commercial General Liability Coverage form, CG 00 01 04 13 or CG 00 02 04 13. Read More    Litigation Watch Number of Occurrences under Discussion The plaintiff filed a complaint seeking a declaratory judgment that an attack by two dogs constitutes three separate occurrences within the meaning of the policy language. This case is Verlus v. Liberty Mutual Insurance Company, 2015 WL 7170484. Jean and Joanne Verlus were walking on the street when they were attacked by dogs owned by Taylor. When the dogs attacked, Jean and Joanne ran in opposite directions in an attempt to escape the dogs. Joanne was bitten on her buttocks and middle finger, but then managed to crawl to higher ground out of reach of the dog that had attacked her. That dog barked at her for a short time and then left to join in on the other dog's attack on Jean. The two dogs then bit Jean in the groin area and feet. Read More    Fraud of the Week Insurance Company Fraud—Maryland AMOUNT: $100 million+ A con artist who had created an insurance company admitted that between 2008 and 2013 he falsified wire transfers, bank statements, and letters of credit to make it look to financial rating and auditing companies that his company could afford to cover more possible losses than it actually could. Read More        FC&S Ask the Experts Did you realize that the Q&A section of FC&S is made up of questions submitted by subscribers like you? Paid subscribers to FC&S Online or print FC&S Bulletins are invited to submit insurance coverage questions to the editors. We'll provide a personalized opinion within five business days. (We'll let you know if it will be longer than that. Sometimes we have to gather research or other supporting materials). Who knows? Your question may be featured (anonymously) in the online Q&A of the Week or as an FC&S update. Submit your coverage interpretation question right to the editors of FC&S for quick and reliable information. Ask our expert staff a question by clicking here.    Maximize Your FC&S  Online Subscription! FC&S editors regularly conduct web-based demos of the service. Feel free to contact Christine Barlow, cbarlow@alm.com, to set one up! They only take 30 minutes, a small investment of time that will help you learn all that FC&S Online has to offer.    Contact Us As always, your comments and questions are welcome. Contact us at: FC&S Department Phone: 800-543-0874 Fax: 859-692-2293 Email: eAlerts@nuco.com The Zalma Insurance Claims Library   Insurance Claims: A Comprehensive Guide The only source you'll need to successfully handle insurance claims from start to finish. More Info Construction Defects Coverage Guide Your single-source for identifying, insuring, investigating, prosecuting, and defending cases that result from construction defect claims. More Info Mold Claims Coverage Guide This guide will allow you to handle mold insurance claims and litigation resulting from mold or fungi related disputes with confidence. More Info For more information about these titles Click Here

FC&S Team Kelly Maheu, J.D. Publisher   Diane W. Richardson, CPCU Consulting Editor Christine G. Barlow, CPCU Managing Editor, FC&S   Diana B. Reitz, CPCU, AAI Consulting Editor David D. Thamann, J.D., CPCU, ARM Managing Editor, FC&S Bulletins   Emily Brunner Online/Print/Production Editor Susan L. Massmann, CPCU Managing Editor, Electronic Publications   Tosha Brinkman Marketing Manager Barry Zalma, Esq., CFE Contributing Editor   Donna Cozatchy Creative Director

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