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Expert Analysis

Insurers' Biggest Headaches: Business Interruption Claims

Law360, New York (October 21, 2016, 3:23 PM EDT) -- Claims for coverage under a business interruption policy can be highly complex and very expensive. It is easy to envision a tragic, terrorist or natural event that interrupts a business potentially resulting in a very large loss. For example, two entities that leased portions of the World Trade Center at the time of the terrorist attack of Sept. 11, 2001, sought coverage for nearly $1.8 billion in business interruption coverage from their insurers.[1] Not surprisingly, at least one survey has reported that claims analysts worry about business interruption claims more than any other.[2]...

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