Gulfport-Biloxi International Airport
Gulfport-Biloxi International Airport - Main Terminal
Gulfport-Biloxi International Airport suffered severe wind and water damage from Hurricane Katrina. The loss involved all terminals, control towers, FBO facilities, air cargo facilities, military air base station and associated service buildings.
At the time of the loss, the airport was undergoing extensive renovations and construction by Yates Construction. The recovery plan involved multiple policies and coverages, including but not limited to FEMA, Builders Risk, Property & Casualty, Contents, Business Interruption, Equipment and associated specialty coverages.
The insurance recovery closely followed and supported Yates Critical Path.
Interim Mitigation Measures were critical factors in maintaining airpot operations and airline schedules.
Business Interruption included “multiple operations” by the airport authority as well as each airline. Interim mitigation costs were calculated to best address all coverage factors.
Life & Safety Protocol was a priority while maintaining airport operation.
Migrating Corrosion is a continuing process that required full replacement of affected equipment and materials. Corrosive salts required replacement of all electronics, electrical contacts and switch gear. Bio-toxins required replacement of specific HVAC components, Food & Beverage equipment and most soft goods.
Remote Airport Facilities, either leased or owned, are insured with separate and/or supplemental policies requiring complex coverage issues. Airport Operations rely on remote facilities housing dozens of service providers that impact business loss.