Howard B. Epstein, partner at Schulte Roth & Zabel, and Theodore A. Keyes, special counsel at the firm, write that with the New York City area particularly vulnerable to economic loss from a storm, and considering that the vast majority of property owners decline to purchase flood insurance, coverage for storm damages is at best a risky proposition and may depend on whether the damage was caused by wind or by flood water.
Corporate Insurance Law
New York Law Journal
November 29, 2005
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