Stephen Pate and John David Dickenson, of the Global Insurance department, will present a webinar titled, "A Storm by Any Other Name: The Named Storm Deductible Endorsements." Insurance professionals handling hurricane claims may encounter issues with the Named Storm Deductible Endorsement. Many claim professionals are not familiar with the deductible, and the potential pitfalls. The webinar presenters will provide an overview of various deductible endorsements, specifically the origination and use of the Named Storm Deductible Endorsement, and recent case law regarding its applicability.
The presenters will cover:
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What is a Named Storm Deductible?
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How is the Named Storm Deductible different from other deductibles?
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When can the Named Storm Deductible be applied?
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What triggers the Named Storm Deductible?
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Issues with the Deductible in Texas and Florida.