Don't Accept 'No' On Legit CBI Insurance Claims

Law360, New York (November 4, 2011, 3:43 PM EDT) -- As the flooding news from Thailand gets worse, insurance professionals must look to lessons learned from the Sendai earthquake and tsunami last March. Like Japan, Thailand is an important link in many international supply chains and, therefore, highlights the important role played by contingent business interruption, or contingent business income (CBI), insurance.

The Sendai event caused losses to large numbers of western companies dependent upon suppliers or customers in Japan for industrial and electronic components. The catastrophic flooding in Thailand — another major market for industrial...
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