Chaos in the Courts as Insurers Fight to Recover Superstorm Sandy Losses

May 1, 2015 – Media Mention
The Art Newspaper

Alan Lyons, chair of Herrick’s Insurance and Reinsurance Group, was quoted in a recent article entitled “Chaos in the Courts as Insurers Fight to Recover Superstorm Sandy Losses,” published by The Art Newspaper, an online and print publication providing international coverage of news from the world of visual arts. In the article, Alan comments on issues concerning waiver of subrogation clauses related to three separate lawsuits filed in New York state court by insurance companies alleging that the subsidiary of a well-known auction house failed to take proper precautions to safeguard art stored in a Brooklyn warehouse which was flooded when Sandy struck, resulting in hundreds of millions in damage to artwork.