Brace For A Business Interruption Coverage 'Superstorm'

Law360, New York (November 1, 2012, 8:31 PM EDT) -- Physical property losses from Hurricane Sandy will be in the tens of billions, but the ensuing business interruption losses are likely to dwarf any physical losses. Sandy has and will continue to cause massive losses in business income due to shutdowns along the Eastern Seaboard. Related losses to businesses not on the coast may occur due to supply chain problems. To add insult to injury, many businesses will discover that they have to endure long, expensive fights with their insurance companies to be reimbursed for those...
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