The Missing Link In Business Interruption Coverage Claims

Law360, New York (March 4, 2014, 2:11 PM EST) -- Suppose you are counsel for a policyholder impacted by a damaging storm, hurricane or other catastrophic event. Your client reports that it sustained property damage and a significant business interruption loss. You are asked to assist in preparing and submitting the claim to the carrier. The accountant confirms that the policyholder’s net profit is down substantially as compared to the two prior years. You dutifully prepare the claim, submitting to the carrier 100 percent of the measured loss in net earnings plus fixed expense. Is that...
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