Calculating Business Interruption Losses Post-Katrina

Law360, New York (November 10, 2010, 12:54 PM EST) -- Litigation over business interruption claims arising from Hurricane Katrina is still making its way through the courts in the Gulf region. The Deepwater Horizon oil spill could potentially lead to large time element claims, as effects of that tragedy continue to be felt in the Gulf region.

Three recent cases in the Fifth Circuit have analyzed the proper calculation under a first-party property insurance policy of business interruption losses after a catastrophic event. Given the number of significant losses in the Gulf area, it is worth...
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