You may recall that we posted a summary of Millennium Inorganic Chemicals Ltd v. National Union Fire Ins. Co., 2012 U.S. Dist. LEXIS 140257 (D. Md. Sept. 28, 2012), where the federal district court of the district of Maryland analyzed whether contingent business interruption coverage was triggered where coverage applied only to “direct” contributing
Stephen Goldman
Steve Goldman is a nationally recognized trial lawyer with 30 years of experience litigating and trying a diverse range of cases throughout the United States. During that time, Steve has served as counsel for insurers in many of the country’s most significant property insurance coverage cases, including, most recently, Sher v. Lafayette Insurance Company (upholding the flood exclusion in Louisiana following Hurricane Katrina), Landry v. Louisiana Citizens Insurance Company (holding Louisiana’s Valued Policy Law inapplicable to certain Katrina-related claims), and Streamline Capital v. Hartford Insurance (refusing to adopt the time necessary to rebuild the World Trade Center as the “period of restoration” for WTC tenants). As an advocate and advisor for international and domestic insurance carriers and insurance industry organizations, he has handled numerous high-impact cases arising from catastrophes such as Hurricanes Katrina and Andrew, the terrorist attacks of 9/11, and the anthrax scare in 2001.
Steve is a prolific speaker on insurance coverage, litigation, and ethics matters and has published numerous papers on these subjects. He received his J.D. from New York University School of Law and his B.A., magna cum laude, from Wesleyan University where he was a member of Phi Beta Kappa.
Business Interruption Requires Complete Cessation of Operations: Fifth Circuit Affirms, In Part, Southern District of Texas Grant of Summary Judgment to Insurer
In GBP Partners Ltd. v. Maryland Casualty Company, 2013 U.S.App.LEXIS 563 (5th Cir. Jan. 4, 2013), the U.S. Court of Appeals for the Fifth Circuit reviewed the entry of summary judgment by the trial court in favor of the insurer. GBP arose out of damage to the roof of a shopping center caused…
Contingent Business Interruption Coverage: District of Maryland Federal Court Finds Policy Terms Ambiguous As Basis For Finding Coverage
In Millennium Inorganic Chemicals Ltd v. National Union Fire Ins. Co., 2012 U.S. Dist. LEXIS 140257 (D.Md., Sept. 28, 2012), the federal district court for the district of Maryland addressed an important issue regarding contingent business interruption coverage – what is a “direct” supplier of goods or services. As is explained in the opinion, contingent…