Insurance May Be Available for Flood-Related Losses

1 Minute Read

May 29, 2015

Prolonged and torrential rains have caused widespread flooding in Texas, Oklahoma and surrounding areas. It is important that policyholders remain mindful of the substantial benefits that may be available to them for resulting economic and physical losses under ordinary business insurance policies.

Power outages, roof collapses, landslides and road closures, among other things, will invariably result in business interruptions, supply chain and logistics disruptions, event cancellations and, consequently, lost earnings and extra expenses. Likewise, damage to vendors, customers and markets, including their supply and distribution chains, will in turn lead to production slowdowns and delays, sometimes many miles away from the location of any actual physical damage. Finally, in addition to damage to existing structures, damage to properties under construction or renovation may have a significant impact on contractors, property owners and developers, while damage to occupied properties may give rise to claims against property owners, landlords, building managers and condo/property-owners associations.

Read the full client alert.

Tags: General Liability, Landlord, Manufacturing, Natural Disaster, Oklahoma, Texas

You May Also Be Interested In

3 Minute Read

March 25, 2026

Oklahoma Enacts Comprehensive Consumer Privacy Law

On March 20, 2026, Oklahoma Governor Kevin Stitt signed SB 546 into law, enacting the Oklahoma Consumer Data Privacy Act, which will take effect on January 1, 2027.

3 Minute Read

March 18, 2026

The Rise of Luxury Gyms: Opportunities and Risks for Landlords

By Jessica N. Vara and Mark R. Vowell

The post-COVID real estate market has seen a surge in luxury gyms and fitness spaces. Members are willing to shell out several hundred dollars a month for memberships at popular high-end fitness chains. These modern luxury gyms offer more than just workout spaces. Many offer holistic lifestyle services such as spas, hair salons, social amenities, co-working spaces, and daycare. These luxury gyms are gaining larger footprints and emerging as a unique retail asset.

7 Minute Read

November 18, 2025

Crypto Heads to Y’all Street

By Scott H. Kimpel

A prominent cryptocurrency exchange’s recent announcement that it had reincorporated from Delaware to Texas has created a buzz among publicly traded digital asset businesses. The move follows an invitation from Texas Governor Greg Abbott to come to “Y’all Street” and a series of recent legislative developments in Texas to modernize the Texas Business Organizations Code (TBOC) to make Texas more attractive as a place to incorporate. In this article we summarize some changes in the laws governing Texas business entities resulting from the recently completed session of the Texas Legislature.