Ensuring Service Interruption Coverage

Law360, New York (September 17, 2012, 2:29 PM EDT) -- By many estimates, some 670 million people, or almost 10 percent of the world’s population, lost power during the recent electrical outage in India. Although the United States has never experienced such a massive power failure, there have been real-life examples of widespread electrical outages such as the four-day blackout as a result of a major grid collapse in August 2003, which affected over 50 million people in the northeastern United States and Canada with an estimated economic cost between $4 billion and $10 billion.[1]...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.