After Isaac, Businesses Far Away Face Coverage Hurdles

Law360, New York (August 31, 2012, 7:29 PM EDT) -- Even companies that are far from storm-prone areas risk losing business in the wake of natural disasters like Hurricane Isaac, but they face a tough road when it comes to getting insurers to cover contingent business interruption losses, attorneys say.

Companies that depend heavily on suppliers, customers and others in storm-hit areas can suffer major business losses despite being nowhere close to the storm's path, a fact made crystal clear after Hurricane Katrina, last year's tsunami in Japan and other recent natural catastrophes.

They should scope...
To view the full article, register now.