4th Circ. Treads Into New Business-Interruption Territory

By Bibeka Shrestha (March 5, 2014, 8:27 PM EST) -- A divided Fourth Circuit recently freed insurers from paying nearly $11 million for losses tied to a massive explosion at a natural gas production plant in Australia, adding a published ruling to sparse case law on contingent business interruption, a complex type of insurance coverage that is increasingly in demand....

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