Slabbed claims are Hurricane losses the place the one factor left is the muse slab. We began calling these claims “slabbed losses” after Hurricane Ivan in 2004. I devoted a complete 2008 weblog submit to the subject in Slabbed:
My collegues and I coined a brand new time period in 2004, following Hurricane Ivan. We grew to become co-counsel with the distinguished Pensacola agency of Levin, Papatonio, Thomas, Echner & Proctor. They introduced an excellent legal professional, Bobby Loehr, out of semi-retirement to work with me on their insurance coverage declare litigation. We referred to hurricane instances the place nothing was left of our shoppers houses or companies as “slab instances.” It was an necessary authorized designation due to the anti-concurrent causation points and the then relevant Florida Valued Coverage Legal guidelines. Upon my arrival in Mississippi simply following Katrina, it was apparent to me the identical litigation was going to ensue; there have been 1000’s of “slab” instances. We really famous these instances as a result of they typically had essentially the most vital injury and essentially the most unresolved authorized questions.
Jay Adams from Residents Property Insurance coverage says his firm goes to pay Hurricane Ian slabbed claims within the video above:
[F]or Residents policyholders, if there’s a slab left behind on Sanibel island, we’re going to pay for wind injury and canopy that loss if there isn’t any willpower that surge triggered the loss. The explanation I say that is that I don’t consider anyone has photographic proof of the surge vs. the wind – did the wind blow it down and the surge carried it away? Did the surge knock it down and the Wind come behind it… 150 mph winds on the island, or extra…. now we have decided in these situations if we are able to’t decide, we can pay the declare. I don’t know of some other provider doing that.
I ponder if different insurers will conform to do the identical.
Thought For The Day
A brand new breeze is blowing, and a world refreshed by freedom appears reborn; for in man’s coronary heart, if not in reality, the day of the dictator is over. The totalitarian period is passing, its outdated concepts blown away like leaves from an historic, lifeless tree.
—George H. W. Bush