After Isaac, Businesses Far Away Face Coverage Hurdles

Law360, New York (August 31, 2012, 7:29 PM EDT) -- Even companies that are far from storm-prone areas risk losing business in the wake of natural disasters like Hurricane Isaac, but they face a tough road when it comes to getting insurers to cover contingent business interruption losses, attorneys say.

Companies that depend heavily on suppliers, customers and others in storm-hit areas can suffer major business losses despite being nowhere close to the storm's path, a fact made crystal clear after Hurricane Katrina, last year's tsunami in Japan and other recent natural catastrophes.

They should scope...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.