Fields Howell’s work on contingency risks is ever growing and expanding. We have handled a wide range of contingency claims in the U.S. and internationally whether it is event cancellation for concerts, sporting events, entertainment, or conferences or the number of hours of sunlight needed for filming.
Contingency cases often center around basic tenants of insurance law, but Fields Howell’s experience and familiarity with the specific forms used in the London and European markets sets us apart. We were lead counsel in one of the few reported cases in the U.S. that has interpreted this wording. In Defeat the Beat, Inc. v. Underwriters at Lloyd’s London, 669 S.E.2d 48 (N.C. App. 2008), the North Carolina Court of Appeals analyzed the “net loss” provision adopting our argument that the insured had not established a covered loss occurred in excess of the amount tendered. In addition, we are frequently asked to assist with wordings during the underwriting process.