Eye On Japanese Dependent Property Claims

Law360, New York (April 4, 2011, 1:12 PM EDT) -- Given all the factors that may hamper manufacturing operations in northern Japan for months to come, commercial insureds in the U.S. may be facing some complicated measurement issues on dependent property claims involving damage to their Japanese suppliers.

Take as an example a minimally quake-damaged Japanese factory that directly supplies an insured. The insured has earthquake and flood coverage and high limits dependent property coverage that applies. The supplier’s damage will be repaired in weeks, but the supplier will not be able to operate effectively because...
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