BP Oil Spill Claims: Coming, Yet to Come, and Covered?

   Florida has thanks be to God not yet been physically overwhelmed with the BP oil spill like Louisiana, Alabama and Mississippi.  Not yet.  The Damages Claims have come nonetheless.  More are on the way.

   Claims for Damages as a result of the BP Oil Spill Catastrophe, without manifest physical damage at this time, include and future Claims reportedly will include Claims for Damages such as:

• Hotels which have lost reservations in Florida compared to past years.
• Real estate brokers who have lost commissions on sales and rentals.
• Suppliers of tourist industry businesses in Florida, such as "food wholesalers" and "pest control companies, for hotels who were scaling back orders."
• A restaurant in Madeira Beach and other points on the Florida Gulf Coast.

See Steve Huettel, "Area Hotels Wonder if Claims From BP Oil Spill Will be Paid" (St. Petersburg Times Online, Saturday, July 24, 2010).

Dennis Wall is Co-Author of the leading book on Insurance Coverage for Catastrophe Claims, "CATClaims:  Insurance Coverage for Natural and Man-Made Disasters" (West Publishing Company 2008; 2010 Supplement in process).  Mr. Wall will speak on a panel at the American Conference Institute's Bad Faith Litigation Conference in Orlando, Florida on November 30, 2010 on "Dealing With Catastrophic Disasters:  How to Properly Investigate and Handle Overwhelming Claims".

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